Core Insights - The integration of the centralized trading system is a key project in the merger of Guolian Minsheng Securities and Minsheng Securities, aimed at achieving a "1+1>2" effect and establishing a competitive "wealth investment bank" foundation [1][2] - The project involves the integration of 23 heterogeneous systems, providing long-term, stable, and reliable technical support for various wealth management and trading scenarios [1][2] Integration Efficiency and Quality - Guolian Minsheng Securities' merger is the first broker merger approved under the new "National Nine Articles," drawing attention to the efficiency and quality of system integration [2] - The previous operation of different centralized trading systems led to high operational costs, fragmented customer experience, and dispersed data, which could not meet regulatory requirements post-merger [2] - The integration faced significant risks due to differences in data structure, business processes, and interface specifications, but a unified data mapping and conversion rule was established to mitigate these risks [2][3] Successful System Transition - On October 9, the project successfully completed the comprehensive integration of the centralized trading and operation core systems, supporting a wide range of business scenarios and ensuring a unified customer experience [2][4] - The new system processed 640,000 customer transactions on the first day of switching, with a transaction amount of 9.476 billion yuan, maintaining a "zero-failure" operation throughout [4] Asset Management and Risk Control Integration - The project also completed the integration of the core investment trading management system O32, which includes account management, instruction management, trading execution, and risk control management [3][5] - The integration aimed to unify data standards and optimize business processes, ensuring accurate migration of massive data [3][5] Future Collaboration and Industry Impact - The merger has positioned Guolian Minsheng Securities among the top in the industry in terms of asset scale, with significant reductions in compliance marginal costs and unified real-time monitoring achieved through the integration of risk control systems [5] - The collaboration between Guolian Minsheng Securities and Hengsheng Electronics is expected to explore more replicable solutions in the broker merger wave, enhancing core competitiveness in high-quality development [5]

Core Insights - The successful integration of the centralized trading system for Guolian Minsheng Securities, facilitated by Hang Seng Electronics, marks a significant milestone in the merger with Minsheng Securities, enabling seamless access for brokerage clients to the Hang Seng UF2.0 trading system [1][2] Group 1: System Integration - The merger of Guolian Minsheng Securities and Minsheng Securities is the first broker merger approved under the new "Guo Jiu Tiao" regulations, highlighting the importance of system integration efficiency and quality [2] - The previous operation of two different centralized trading systems led to high operational costs and fragmented customer experiences, necessitating a unified system to meet regulatory requirements [2] - Hang Seng Electronics implemented a "multi-legal entity single system" architecture to merge the two systems, ensuring data consistency and business continuity through comprehensive testing and migration strategies [2][3] Group 2: Operational Performance - On the first day of the new system's operation, it successfully processed 640,000 customer transactions amounting to 9.476 billion yuan, maintaining a "zero-failure" performance throughout [4] - The new system supports a wide range of business operations, including full-license and off-market businesses, significantly enhancing customer experience and reducing operational costs [3] Group 3: Asset Management and Compliance - The integration project also included the consolidation of the core investment trading management system O32, ensuring a unified management approach for investment products and enhancing operational efficiency [5] - The compliance and risk management systems were upgraded to provide unified monitoring and control standards, aligning with regulatory requirements and enhancing the overall compliance capabilities of the merged entity [5][6] - The merger has positioned Guolian Minsheng Securities among the industry leaders in asset scale, with improved compliance management reducing marginal costs and fostering collaborative innovation in compliance practices [6]

Core Insights - The successful integration of the centralized trading system for Guolian Minsheng Securities and Minsheng Securities marks a significant milestone in the merger process, enabling seamless access for brokerage clients to the Hang Seng UF2.0 trading system [1][2] - The project involved the integration of 23 heterogeneous systems, providing a robust technological foundation for various wealth management and trading scenarios, thereby enhancing operational efficiency and client experience [1][2][3] Group 1: System Integration and Efficiency - The merger faced challenges due to the use of different centralized trading systems, which led to high operational costs and fragmented customer experiences [2] - A comprehensive migration assurance system was established, including detailed plans for each phase and system, ensuring a smooth transition with zero disruptions for clients [2] - The new system supports a wide range of business operations, significantly reducing operational costs and improving response times for business needs [2][3] Group 2: Asset Management and Compliance - The integration of the core investment trading management system O32 was completed, unifying data standards and optimizing business processes [3] - Compliance and risk management capabilities were upgraded through the integration of compliance systems, aligning standards and enhancing monitoring across institutions [3] - The collaboration between Hang Seng Electronics and the merged entity aims to strengthen the digital foundation for business development and innovation in the financial sector [3][4] Group 3: Future Collaboration - Hang Seng Electronics plans to continue its partnership with Guolian Minsheng Securities to explore new opportunities in financial technology [4] - The company aims to develop replicable solutions and practical examples for the industry amidst the ongoing wave of brokerage mergers and acquisitions [4]