外资独资券商、期货公司队伍将“迎新” 资本市场开放再进一步

Core Viewpoint - The establishment of Mizuho Securities (China) marks a significant expansion of foreign investment in China's securities and futures markets, reflecting the ongoing trend of institutional opening in the capital market [1][6]. Group 1: Establishment of Mizuho Securities (China) - Mizuho Securities (China) has been approved by the China Securities Regulatory Commission (CSRC) and will become the third Japanese securities company in China and the first wholly foreign-owned securities firm [1][3]. - The registered capital of Mizuho Securities (China) is RMB 2.3 billion, and its business scope includes securities underwriting, proprietary trading, and asset management limited to asset securitization [2][3]. - Mizuho Securities (China) must complete its business registration within six months and apply for a securities and futures business license within 15 days of obtaining its business license [2][3]. Group 2: Changes in Futures Companies - The CSRC has approved the change of ownership and actual controller of Qian Kun Futures to Goldman Sachs Group, making it the fourth wholly foreign-owned futures company in China [4][6]. - Prior to the change, Qian Kun Futures was primarily owned by Beijing Gao Hua Securities, with Goldman Sachs holding a minority stake [4]. - Following the approval, Goldman Sachs now fully owns Qian Kun Futures with an investment of RMB 317 million [4]. Group 3: Ongoing Institutional Opening - The CSRC has been actively promoting a high level of institutional opening in the capital market, including the removal of foreign ownership limits for securities and futures companies [6][7]. - As of mid-2025, there are 16 foreign-controlled securities companies in China, with total assets of RMB 53.28 billion and net assets of RMB 29.63 billion, reflecting a year-on-year growth of 10% and 6.96% respectively [6]. - The total revenue of foreign securities companies reached RMB 4.36 billion, with a net profit of RMB 710 million, showing a year-on-year increase of 19.88% and a 5.8-fold increase in net profit [6].