Core Viewpoint - The merger of Guotai Junan Asset Management and Haitong Asset Management marks the first consolidation action within the securities asset management sector in China, following the establishment of Guotai Haitong Securities [1][4][10]. Group 1: Merger Details - Guotai Haitong Securities' board approved the absorption merger of Guotai Junan Asset Management and Haitong Asset Management, with management authorized to handle the merger process [1][3]. - The newly merged entity will be named "Shanghai Guotai Haitong Securities Asset Management Co., Ltd." [3]. - The merger includes key steps such as product migration and legal entity consolidation, with the latter to be implemented based on the progress of product migration [3][12]. Group 2: Historical Context and Scale - Both asset management companies have a long history, with Guotai Junan Asset Management established in 2010 and Haitong Asset Management in 2012, both being among the first to receive licenses for collective asset management in 2005 [4]. - As of the end of 2024, Guotai Junan Asset Management has an asset management scale of 588.43 billion yuan, ranking second in the industry, while Haitong Asset Management has a scale of 106.98 billion yuan, ranking fourteenth [4][5]. Group 3: Financial Projections - The combined asset management scale of the two companies is projected to reach 695.4 billion yuan, with total revenue estimated at 2.118 billion yuan and net profit close to 500 million yuan [5]. Group 4: Regulatory Compliance - The merger is driven by the need to avoid competition among subsidiaries and to comply with regulatory requirements, specifically the "one participation, one control, one license" rule set by the China Securities Regulatory Commission [7][9]. - The integration of public fund resources is deemed necessary to meet regulatory standards, as the current structure violates the aforementioned policy [6][7]. Group 5: Strategic Implications - The merger is expected to enhance the core competitiveness of Guotai Haitong Securities in wealth management and contribute to the development of the asset management industry in Shanghai [10]. - The integration will allow for the exploration of new customer service and wealth management models, as well as the development of innovative asset management products [10][11]. - The merger will also involve significant changes to product names and management, with plans for some products to transition to public fund status [12].

21世纪经济报道记者孙永乐 上海报道 合并重组后，国泰海通证券（601211.SH/2611.HK）首次传出子公司整合消息。 7月25日晚间，国泰海通证券公告称，董事会审议同意国泰君安资管吸收合并海通资管及相关工作方案。 同日，国泰君安资管公告公司名称变更名为"上海国泰海通证券资产管理有限公司"。 | 公司名称 | 上海国泰海通证券资产管理有限公司 | | --- | --- | | 公告依据 | 《中华人民共和国证券投资基金法》《公开募集证券投资基 金信息披露管理办法》及公司相关股东决议等 | | 法定名称变更日期 | 2025年7月25日 | | 变更前公司法定名称 | 上海国泰君安证券资产管理有限公司 | | 变更后公司名称 | 上海国泰海通证券资产管理有限公司 | | 住所变更日期 | 2025年7月25日 | | 变更前公司住所 | 上海市黄浦区南赤州路381号409A10室 | | 变更后公司住所 | 上海市黄浦区中山南路88号8层 | 据悉，资管公司的吸收合并主要包括产品迁移、法人合并等关键步骤，国泰海通证券将根据产品迁移进度适时实施法人合并。 国泰海通相关负责人表示，在此过程中，公司将切实保护 ...

整合完成后，二者资管规模将接近7000亿元。 截至2024年末，国泰君安资管的资产管理规模为5884.3亿元，其中非货公募规模为484亿元；同期海通资管为1069.82亿元， 合计可达到6954.12亿元。 这与龙头中信证券（600030.SH）仍存一定差距，其同期资产管理已达到1.54万亿元。 此番二者的合并将为国泰海通构建更强大的资产管理业务平台、更完善的财富管理生态。 国泰海通（601211.SH）的整合正在持续进行中。 7月25日晚间，国泰海通宣布董事会已通过国泰君安资管吸收合并海通资管及相关工作方案。 根据安排，国泰君安资管公司名称变更为"上海国泰海通证券资产管理有限公司"。 更名只是第一步，资管公司的吸收合并主要包括产品迁移、法人合并等关键步骤，后续将根据产品迁移进度适时实施法人合 并。 这不仅是国泰海通证券成立后首例子公司整合启动，也将成为国内证券行业首例券商资管子公司之间的合并重组。 风险提示及免责条款 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何意见、观点或结论是否符合 其特定状况。据此投资，责任自负。 一位接近国泰 ...