2023-09-08 09:31Group 1: Wealth Management Business - The company emphasizes the need for enhanced research, investment, and asset allocation capabilities in wealth management due to diversified asset allocation and increased financial product offerings [1] - As of June 2023, the company’s financial product sales maintained a growth of 9.17% compared to the end of the previous year [1] - The company ranks third among brokers in terms of non-monetary market public fund sales in the first half of 2023 [1] Group 2: Margin Financing and Securities Lending - As of June 2023, the company's margin financing and securities lending balance reached CNY 854.21 billion, an increase of 2.89% from the end of 2022, with a market share of 5.38% [3] - The China Securities Regulatory Commission plans to expand the scope of margin financing and securities lending, which is expected to enhance market liquidity and activity [3] Group 3: Asset Management Business - The company’s asset management division invests in various asset classes, including fixed income, equity, quantitative investments, and cross-border products [3] - In the second quarter of 2023, the company ranked eighth in terms of average monthly scale of private asset management [3] Group 4: Public Fund Industry Development - As of June 2023, the total scale of public funds reached CNY 27.69 trillion, with growth driven mainly by fixed income and index products [3] - The company holds a 54.53% stake in GF Fund Management and a 22.65% stake in E Fund Management, making it one of the top shareholders [4] - GF Fund Management's public fund scale reached CNY 1,319.96 billion, a 5.62% increase from the end of 2022, ranking third in the industry [4] - E Fund Management's public fund scale reached CNY 1,729.83 billion, a 9.98% increase from the end of 2022, ranking first in the industry [4]