Zhong Guo Zheng Quan Bao·2026-01-09 08:33Core Viewpoint - The article emphasizes the strategic importance of the securities industry in China's modernization and financial strength, highlighting the need for firms to focus on core functions, governance, and differentiated development to seize opportunities in the evolving capital market [1]. Group 1: Company Performance and Strategy - Guotai Junan Securities has achieved a total asset milestone of over 2 trillion yuan, marking it as the largest "A+H" dual-listing merger in China's securities history [2]. - For the first three quarters of 2025, Guotai Junan reported a cumulative operating income of 45.892 billion yuan and a net profit attributable to shareholders of 22.074 billion yuan, maintaining a leading position in the industry [2]. - The company aims to leverage the new round of capital market reforms to enhance its development quality and efficiency, aspiring to become a first-class investment bank with international competitiveness [2][3]. Group 2: Functional Focus and Innovation - The company prioritizes functionality over mere scale, emphasizing the importance of high-quality development and focusing on hard technology investments [3]. - Guotai Junan has facilitated over 100 hard technology companies to list on the Sci-Tech Innovation Board, showcasing its commitment to supporting innovation [3]. - The firm is advancing its wealth management transformation, aiming to enhance its asset allocation capabilities and introduce innovative digital operating models [4]. Group 3: Market Position and Internationalization - Guotai Junan has played a significant role in bridging domestic and international capital flows, completing 39 equity financing deals in Hong Kong and ranking high in bond issuance [6]. - The company is focused on enhancing its global service network, covering 17 countries and regions, to better serve both domestic and international clients [9]. - The firm aims to strengthen its international business capabilities and enhance its influence in global capital allocation and asset pricing [6][9]. Group 4: Organizational Development and Cultural Integration - The merger of Guotai Junan and Haitong Securities is seen as a critical step towards building a first-class investment bank, with a focus on integrating resources and enhancing operational efficiency [7][8]. - The company emphasizes a strong corporate culture that aligns with its strategic goals, promoting values such as compliance, integrity, and long-term partnership [11]. - Guotai Junan is committed to high-quality talent management, ensuring that its workforce is well-equipped to meet the challenges of the evolving financial landscape [12].