Group 1 - The core viewpoint is that after Guangfa Asset Management and Guangzheng Asset Management withdrew from the public fund license application process, only two broker asset management firms remain awaiting approval for public fund licenses [1] - The China Securities Regulatory Commission (CSRC) has removed Guangzheng Asset Management from the list of institutions applying for public fund management qualifications, following Guangfa Asset Management's exit in August [1] - The remaining broker asset management firms still in the public fund license approval queue are Guozheng Asset Management and Guojin Asset Management [1] Group 2 - As of 2024, applications for public fund licenses by broker asset management institutions have nearly come to a halt, with a total of 14 firms having obtained the necessary licenses [2] - By the end of 2025 Q2, the asset management scale of broker asset management firms is approximately 8.51 trillion yuan, reflecting a slight increase of about 0.2 trillion yuan from the end of 2024 and an increase of 0.65 trillion yuan from the end of 2023 [2] - The end of 2023 marks the final deadline for the public offering transformation of large collective products managed by broker asset management firms, which can be achieved through various compliance methods [2]

2022年5月，中国证监会"一参一控一牌"政策正式落地，券商可通过设立资管子公司、公募基金公司以 及参、控股公募基金公司的方式来拓展公募业务。彼时券商资管业务正在经历艰难整改，公募业务被业 内视为向主动管理转型的发力点，2023年出现了券商资管扎堆排队申请公募牌照的热潮：招商资管、广 发资管、兴证资管、光证资管、国证资管和国金资管等多家券商资管陆续递交了公募牌照申请材料，当 年率先获批的是招商资管与兴证资管。 进入2024年后，券商资管机构申请公募牌照几乎处于暂停状态。目前，拿到开展公募基金管理业务许可 的券商及券商资管子公司共有14家。值得注意的是，按照相关规定，今年底是券商资管大集合产品（投 资者人数多，不受200人限制）公募化改造最后时点，而根据操作指引，券商参公大集合产品改造可通 过更换管理人、清盘、取得公募牌照、变更为私募产品等方式满足合规要求。 【深圳商报讯】（记者 詹钰叶）继广发资管后，光证资管也退出了申请公募牌照的队伍。至此，还在 等待公募牌照审批的券商资管只剩下两家。 公开信息显示，光证资管成立于2012年5月9日，前身为原光大证券资产管理总部。 根据中国证监会发布的公告，光证资管已从"资产 ...