Group 1 - The article discusses the role of brokerage firms in supporting the real economy through alternative investment subsidiaries, highlighting the importance of optimizing resource allocation and enhancing service capabilities for technological innovation [1][2] - Northeast Securities announced a reduction in the registered capital of its wholly-owned subsidiary, Dongzheng Rongda Investment Co., Ltd., from 30 billion yuan to 10 billion yuan, reflecting a strategic decision to optimize business structure [2][3] - The reduction in registered capital is part of a broader trend among several brokerages, with Guodu Securities also announcing a capital reduction for its alternative investment subsidiary to improve overall capital efficiency [2][3] Group 2 - Alternative investment subsidiaries are crucial for brokerages, engaging in direct equity investments and participating in projects on the Sci-Tech Innovation Board and the Growth Enterprise Market, thereby contributing to the real economy and national strategies [2][3] - Some brokerages are increasing their investments in alternative investment businesses, such as Nanjing Securities planning to raise up to 1 billion yuan for investments in alternative and private equity subsidiaries [3] - Zhongtai Securities also plans to utilize funds raised from a private placement to increase capital for its alternative investment subsidiary, aiming to enhance project implementation and improve direct financing efficiency for the real economy [3]

Group 1 - The core point of the article is that Zhongtai Securities has made progress on its 6 billion yuan private placement, which is now under review by regulatory authorities [2][4]. - Zhongtai Securities announced that it received a notice from the Shanghai Stock Exchange regarding the acceptance of its securities issuance application [4]. - The private placement aims to raise up to 6 billion yuan, with specific investment allocations including 1.5 billion yuan for information technology and compliance risk control, 1 billion yuan for alternative investment, and 1 billion yuan for market-making business [5][6]. Group 2 - The total number of shares to be issued in this private placement will not exceed 30% of the company's total share capital prior to the issuance, amounting to a maximum of 2.091 billion shares [6]. - The controlling shareholder, Zhaomining Group, plans to subscribe for 36.09% of the shares issued, amounting to no more than 2.166 billion yuan [6]. - The effective date of the private placement proposal is October 9, 2023, with an extension of 12 months to October 9, 2025 [7]. Group 3 - In addition to Zhongtai Securities, two other securities firms, Tianfeng Securities and Nanjing Securities, have also made progress on their private placements in May [8][9]. - Tianfeng Securities announced a private placement to raise up to 4 billion yuan, while Nanjing Securities' private placement of 5 billion yuan was accepted by the Shanghai Stock Exchange [9].