Core Viewpoint - Debon Securities has officially entered the stage of state-owned actual control following the restructuring of its board of directors and supervisory board, marking a significant shift in governance and operational strategy [2][3][4]. Group 1: Board Restructuring and Control - The new board of directors consists of 11 members, including 4 non-independent directors and 2 independent directors nominated by the controlling shareholder, Shandong Financial Group [2][3]. - This restructuring is a critical step following the approval from the China Securities Regulatory Commission (CSRC) for Shandong Financial Group to take control of Debon Securities, aligning with national policies on financial governance [3][4]. - The restructuring aims to clarify governance boundaries and enhance decision-making efficiency, ensuring that Debon Securities' future development aligns with the strategic goals of its shareholders [4]. Group 2: Enhancing Service Capabilities for the Real Economy - Following the acquisition, Debon Securities is expected to leverage the financial backing of Shandong Financial Group to enhance its credit rating, broaden financing channels, and reduce costs [5]. - The company aims to optimize its market-oriented operational mechanisms while maintaining compliance and independence, focusing on providing comprehensive financial services across the entire business lifecycle [3][5]. - Debon Securities has successfully issued green financial bonds and corporate bonds, contributing to regional economic development and supporting the "dual carbon" goals [6][7]. Group 3: Strategic Development and Collaboration - The company has established nearly twenty strategic partnerships with financial institutions and government platforms, enhancing its ability to meet diverse financial service needs within Shandong province [6][7]. - Debon Securities is positioned to integrate national strategies with local financial planning, promoting its bond and asset-backed securities (ABS) business while addressing client demands [7]. - The control by Shandong Financial Group is seen as a pivotal move that strengthens Debon Securities' role within the financial ecosystem, enhancing its service capabilities and market position [7].