2023-11-09 11:41Group 1: Company Overview - The company is Guangfa Securities Co., Ltd., with stock code 000776 [1] - The investor relations activity took place on November 9, 2023, from 14:00 to 15:00 [2] Group 2: Wealth Management Strategy - The company aims to enhance its wealth management capabilities to meet diverse asset allocation needs of clients [2] - The transformation towards wealth management and asset management is a core focus, emphasizing differentiated competitive advantages [2] Group 3: Financial Product Performance - As of September 2023, the company’s financial product distribution scale has increased compared to the end of the previous year [2] - The company ranks third among brokers in terms of public fund holdings as of Q3 2023 [2] Group 4: Derivative Business Development - The company views the development of the OTC derivatives business as crucial for providing comprehensive services to institutional clients [3] - The company is expanding its OTC derivatives team and optimizing core system functions to enhance risk management solutions [3] Group 5: Asset Management Industry Outlook - The asset management sector, particularly standardized and net value-based products, is expected to grow significantly due to increasing resident wealth [3] - The company plans to leverage its asset management resources to offer a diverse product supply system and establish a leading brand in the industry [3] Group 6: Public Fund Industry Status - As of September 2023, the total scale of public funds reached CNY 27.48 trillion [3] - The company holds a 54.53% stake in Guangfa Fund and a 22.65% stake in E Fund, making it one of the top shareholders [3]