本报记者 于宏 今年以来，证券行业股权流转持续活跃。一方面，在行业并购重组持续推进的背景下，同业机构之间的股权收购动作频 频；另一方面，为优化资源配置，券商股权在国资股东体系内的无偿划转现象也日趋增多，共同折射出证券行业整合加速、进 一步迈向高质量发展的态势。 11月12日晚间，国联民生发布公告称，本公司通过司法拍卖竞得泛海控股持有的民生证券8154.3万股股份（占民生证券总 股本的0.72%），成交价格为1.71亿元，已收到《成交确认书》，本次交易尚需办理股份交割等手续，上述交易完成后，本公 司持有民生证券的股份比例将由99.26%上升至99.98%。 在上述股权交易完成后，国联民生对民生证券的控制权将进一步稳固。今年以来，两家公司的整合稳步推进，从公司名 称、组织架构到主营业务，各领域的整合均在有序进行中。例如，9月23日以来，民生证券投行业务逐渐整合至国联民生全资 子公司国联民生承销保荐；10月20日以来，民生证券旗下资管业务逐步划转至国联民生全资子公司国联资管。 从经营情况来看，今年前三季度，国联民生交出了一份亮眼的"成绩单"。数据显示，今年前三季度，国联民生实现营业收 入60.38亿元，同比增长20 ...

Core Viewpoint - The recent resignation of Li Jun, the Vice President of Southwest Securities, is seen as a significant step in the company's ongoing reform efforts, reflecting a broader trend of leadership changes and strategic realignment within the firm [1][3][4]. Company Summary - Li Jun's annual salary has drastically decreased from 2.7 million yuan in 2021 to 380,000 yuan, marking an 86% reduction [1]. - Li Jun has been a prominent figure in the securities industry for nearly 30 years, holding key positions such as head of brokerage business and board secretary, and his departure is viewed as part of Southwest Securities' deeper reform [3]. - The transition of brokerage responsibilities to the newly appointed Vice President Wang Wei indicates a planned succession and continuity in operations [4]. - Recent leadership changes at Southwest Securities include the departure of Vice President Hou Ximeng in June 2024 and the appointment of Jiang Donglin as chairman, who brings extensive experience from the banking and financial leasing sectors [5]. - The company is undergoing a significant restructuring, including the largest mid-level recruitment in its history, aimed at enhancing its wealth management and investment banking divisions [5]. - The current recruitment of a Chief Information Officer signals an urgent need for digital transformation within the company [6]. - The leadership team is now centered around Jiang Donglin, with a complementary management structure formed by Ye Ping, Wang Wei, and Zhao Tiancai, each bringing unique expertise [6]. - A major shift in ownership occurred when Chongqing Yufu Holdings acquired a 29.51% stake in Southwest Securities, aiming to streamline management and improve operational efficiency [6]. - The company is positioned as a key player in the ongoing consolidation within the securities industry, exemplified by recent mergers among major firms [7]. - Southwest Securities is leveraging its strategic location in the Chengdu-Chongqing economic circle to focus on core business areas and serve the real economy [7]. - The company's Q1 2025 report shows a revenue of 614 million yuan, a year-on-year increase of 5.1%, and a net profit of 246 million yuan, reflecting a 6.98% growth [8]. - The ongoing reforms aim to optimize resource allocation and enhance decision-making efficiency, with a focus on regional economic development and financial service delivery [8].