正式获批！上海证券成这家公募主要股东

Group 1 - The core point of the article is the approval by the China Securities Regulatory Commission (CSRC) for Shanghai Securities to become the major shareholder of Qianhai United Fund Management Co., marking a significant step in the acquisition process [1][3] - Shanghai Securities has acquired a 100% stake in Qianhai United Fund, with a capital contribution of 200 million RMB, and is required to complete relevant business registration changes and improve corporate governance [3] - The acquisition originated from a judicial auction on February 7, where Shanghai Securities successfully bid for a 30% stake at 37.66 million RMB, approximately 44% lower than the assessed value of 67.25 million RMB [3] Group 2 - Qianhai United Fund, established in August 2015, is the 99th fund management company in China, with its peak management scale reaching 49.63 billion RMB at the end of 2020, but has since declined to 8.99 billion RMB by September 28, 2025 [3] - The company has not launched any new funds since September 2021, and two products issued in 2022 failed to raise funds [3] - The trend of ownership transfers among small and medium-sized fund companies reflects the challenges faced in the development of small-scale public funds [4]