外资独资券商、期货公司队伍将“迎新”

Core Points - The establishment of Mizuho Securities (China) has been approved by the China Securities Regulatory Commission (CSRC), marking it as the third Japanese securities firm and the first wholly foreign-owned securities company in China [1][3] - The approval of Qian Kun Futures' change of ownership to Goldman Sachs Group has resulted in a total of four wholly foreign-owned futures companies in China [1][4] Group 1: Mizuho Securities (China) - Mizuho Securities (China) is registered in Beijing with a registered capital of RMB 2.3 billion, focusing on securities underwriting, proprietary trading, and asset management limited to asset securitization [2] - Mizuho Securities Co., Ltd. holds a 100% stake in Mizuho Securities (China), and the company must complete its establishment within six months and apply for a business license within 15 days of obtaining its business license [2][3] - Mizuho Securities (China) is required to comply with various laws and regulations, including the Cybersecurity Law and Securities Law, to protect investor rights and ensure data security [2] Group 2: Foreign Futures Companies - The change in ownership of Qian Kun Futures to Goldman Sachs has made it the fourth wholly foreign-owned futures company in China, following JPMorgan Futures, Morgan Stanley Futures (China), and UBS Futures [4] - Prior to the change, Qian Kun Futures was primarily owned by Beijing Gao Hua Securities Co., Ltd. with a 95.1% stake, and now it is fully owned by Goldman Sachs (China) Securities Co., Ltd. with an investment of RMB 317 million [4] - Recent approvals have also been granted to Morgan Stanley Futures (China) for new business operations, expanding its scope to include commodity and financial futures brokerage [4] Group 3: Market Opening and Growth - The CSRC has been actively promoting a high-level institutional opening of the capital market, leading to significant progress in the opening of markets, institutions, and products [5] - Since the removal of foreign ownership limits for securities and futures companies in 2020, the number of foreign-controlled securities companies has increased, with 16 foreign-controlled securities companies reported by the China Securities Association as of mid-2025 [5][6] - The total assets of foreign securities companies reached RMB 53.28 billion, with net assets of RMB 29.63 billion, reflecting year-on-year growth of 10% and 6.96% respectively [5]