Core Viewpoint - The integration of Guolian Minsheng Securities and Minsheng Securities is progressing with the successful switch of the centralized trading system, marking a significant milestone in their business consolidation [2][3][12] Group 1: System Integration - The centralized trading system switch was successfully completed, allowing 1.92 million Minsheng Securities brokerage clients to seamlessly access the Guolian Minsheng Securities UF 2.0 trading system [2][5] - On the first day of the switch, 640,000 client transactions were processed, amounting to 9.476 billion yuan, with zero faults reported [2][5] - The system switch involved 23 heterogeneous systems, covering 74 Minsheng Securities branches, 69 trading seats, and 18 custodian banks [8] Group 2: Project Management - The project was treated as a top priority, with a special leadership team established to oversee the integration, ensuring efficient resource allocation and rapid decision-making [8][9] - A cross-departmental project command center was formed, with detailed plans and contingency measures in place to manage the transition effectively [8] Group 3: Financial Preparedness - Guolian Minsheng Securities allocated 50 million yuan of its own funds, while Minsheng Securities contributed 200 million yuan to address potential settlement risks during the initial phase of the system switch [10] Group 4: Industry Context - The merger and integration of securities firms have accelerated this year, with notable cases including Guotai Junan + Haitong Securities and Guolian Securities + Minsheng Securities [11] - The successful integration of Guolian Minsheng Securities and Minsheng Securities is seen as a benchmark case in the industry, contributing to the overall consolidation trend [11][12]
192万客户接入!国联民生完成集中交易系统整体切换