每周股票复盘：西南证券（600369）投行业务居重庆首位

Core Viewpoint - Southwest Securities has shown a positive performance with a stock price increase of 3.66% this week, reflecting strong support from local government and strategic partnerships in the region [1] Company Overview - Southwest Securities is a key state-owned enterprise in Chongqing and the only headquarters brokerage in the city, benefiting from long-term support from local state-owned asset regulatory bodies [1][3] - The company aims to become the preferred service provider for Chongqing enterprises going public and a core service provider for capital operations of local state-owned enterprises [2] Business Performance - The company has maintained the number one ranking in debt business in Chongqing for four consecutive quarters and has successfully underwritten three corporate bonds for technology innovation companies [2][4] - In the equity business, the company completed one equity underwriting in Chongqing with a total amount of 600 million yuan in the first three quarters [2] - The company has completed four merger and acquisition projects in Chongqing with a total transaction amount exceeding 5 billion yuan, including a significant acquisition project involving state-owned assets [2][4] Strategic Initiatives - The company is actively pursuing wealth management transformation by enhancing asset allocation across all categories and optimizing its product ecosystem [3] - It is focusing on building a research service system that supports wealth, industry, and institutional clients, transitioning from traditional sell-side research to a more integrated approach [3] - The company emphasizes value creation and has integrated market value management into its strategic planning, aligning with the "14th Five-Year Plan" [3] Partnerships and Collaborations - Southwest Securities has signed strategic cooperation agreements with over 30 district governments in Chongqing and has engaged with 33 key state-owned enterprises for comprehensive services [1][4] - The company is recognized as a secondary trader for over-the-counter options and is qualified to conduct client-demand derivative business [4]