2023-11-08 10:17Group 1: Company Overview and Core Competencies - The company possesses a strong corporate culture and maintains a strategic focus on its core business areas, emphasizing compliance and risk management [2] - It has a balanced business structure with four main segments: investment banking, wealth management, trading, and investment management, holding a full business license [2] - The company has consistently ranked among the top Chinese securities firms in key operational metrics, particularly in research, asset management, and wealth management [2] Group 2: Wealth Management Strategy - The growth of resident wealth and diverse demands provide significant opportunities for the development of wealth management services [3] - The company aims to enhance its wealth management capabilities and transform its brokerage business, offering a wider range of investment products to meet clients' diverse asset allocation needs [3] - As of September 2023, the company’s scale of financial products sold has increased compared to the end of the previous year, ranking third among securities firms in terms of non-monetary public fund holdings in Q3 2023 [3] Group 3: Asset Management Industry Outlook - The standardized, net-value asset management sector, represented by public funds, is identified as one of the most promising growth areas within the financial sub-sectors [3] - Ongoing reforms in asset management regulations and pension systems are expected to drive high-quality development in the asset management industry [3] - The company plans to leverage its asset management resources to create a diverse product supply system, aiming to establish a leading brand in asset management [3] Group 4: Derivatives Business Development - The company views the OTC derivatives business as a crucial component of its comprehensive service system for institutional clients [3] - It focuses on developing OTC derivatives through products like yield swaps and options, enhancing trading capabilities and providing risk management solutions [3] - Continuous investment in team and system development is emphasized, with a focus on optimizing core system functionalities [3]