On October 18, the Shenzhen Stock Exchange released the Shenzhen Stock Exchange 50 Index, and E Fund and Wells Fargo Fund reported the application for ETF products tracking the index that night. According to the CSRC's website, the Shenzhen Securities 50 ETF-related products reported by E Fund and Wells Fargo Fund have been in the status of "accepted materials". According to the speed of products such as CSI 2000 ETF and Science and Technology Innovation 100 ETF in the past, these two products may also be approved for fundraising soon. According to reports, "excellent innovation and high growth" is the distinctive feature of Shenzhen Securities 50. There were 39 sample companies in strategic emerging industries, accounting for 77% of the weight, and 34 sample companies in key areas such as advanced manufacturing, digital economy, and green and low-carbon, accounting for 71% of the weight. The SZSE 50 Index has a high private economy content, with 33 private enterprise sample companies, accounting for 66% of the weight, mainly concentrated in the new generation of information technology, biological industry, new energy and other real economic fields.
Comments: The speed of broad-based ETFs is new, reflecting the development momentum and market demand of ETF products. As an index representing innovation and growth, the SZSE 50 Index has high investment value and attractiveness. E Fund and Wells Fargo Fund, as two well-known public fund companies, launched ETF products tracking the index in a timely manner, showing their grasp of market opportunities and satisfaction of investors' needs.
On the evening of October 18, Cinda Securities (601059) issued an announcement that after the review of the strategic planning committee of the fifth board of directors of the company and the deliberation of the board of directors, the board of directors agreed that the company should contribute no more than 300 million yuan to establish a wholly-owned subsidiary Cinda Securities Asset Management Co., Ltd. In recent years, the establishment of asset management subsidiaries has become the general trend of the industry, and there are currently about 30 securities firm asset management subsidiaries approved for establishment. In addition, applying for a public fund license has become one of the strategic priorities of the asset management business of securities firms, and 13 securities firms and securities asset management subsidiaries in the industry have obtained public offering licenses, while 5 securities firm asset managers, including GF Asset Management, Industrial Securities Asset Management, Guangzheng Asset Management, Anxin Asset Management and Guojin Asset Management, are still in line.
Comments: The establishment of asset management subsidiaries in the current weak market environment shows that Cinda Securities attaches importance and determination to asset management business, aiming to better exert its professional advantages and brand influence, provide more diversified and personalized asset management services, and enhance its core competitiveness and profitability. For the industry, this is also a positive signal, indicating that the development space and potential of the asset management business of securities firms are still huge, which is conducive to promoting the innovation and upgrading of the industry.
When the disclosure of the third quarterly report of listed companies was carried out, the trend of repositioning and stock exchange of well-known funds has also become the focus of market attention recently. Up to now, funds managed by well-known fund managers such as Gülen, Zhu Shaoxing, Feng Mingyuan, Han Chuang, Bao Wuke, and Miao Weibin have appeared among the top ten circulating shareholders of Sichuan Investment Energy, Pian Zixi, Youcai Resources and other companies. Among them, many of them are outstanding funds with outstanding performance this year, such as Invesco Great Wall Energy Infrastructure, Jinyuan Shunan Yuanqi, Guojin Quantitative Multifactor, etc. On the whole, fund managers' position rebalancing trends initially reflect their preference for industry leaders and high-performing stocks, and many fund managers have been sticking to some industry leading stocks for many years. (Securities Times)
Comments: The preference of well-known fund managers for industry leaders and high-performing stocks reflects their keen insight and long-term investment philosophy in the changing market. For investors who follow fund managers, this is also a reference and reference direction. At the same time, it also reflects the market's recognition and confidence in high-performing stocks, which is conducive to enhancing market activity and stability.
Oriental Wealth (SZ 300059, closing price: 15.02 yuan) announced on the evening of October 18 that as of the disclosure date of this announcement, the company has repurchased a cumulative number of shares of the company through a special securities account for repurchase of about 8.63 million shares, accounting for 0.05% of the company's total share capital, the highest transaction price is 15.39 yuan / share, the lowest transaction price is 14.9 yuan / share, and the total used funds are about 131 million yuan. From January to June 2023, the composition of Oriental Wealth's operating income was: securities industry accounted for 62.78%, information technology service industry accounted for 37.18%.
Comments: The buyback behavior of Oriental Wealth shows the company's confidence in its own value and its expectation for future development. As a comprehensive financial service platform focusing on securities business and information technology service business, Oriental Wealth has certain advantages and influence in market competition. Buybacks are conducive to enhancing the company's profitability and market credibility, as well as stabilizing investor sentiment and safeguarding shareholder interests.
The official unveiling ceremony of Huayuan Securities is here! It is understood that on October 18, Huayuan Securities held an unveiling ceremony in Wuhan, and the ceremony was presided over by President Deng Hui. At the unveiling site, Mei Lin, chairman of Huayuan Securities, said that the name change and unveiling was an important milestone in the company's development history. Standing at a new starting point, Huayuan Securities will play the responsibility of state-owned securities firms and strive to provide customers with all-round, high-quality, professional and efficient financial services. On September 18, the official website of Huayuan Securities, official micro and other places issued a name change announcement, saying that it completed the industrial and commercial change registration of changing the company's name on the same day and obtained a business license, and the name was changed from "Kyushu Securities Co., Ltd." to "Huayuan Securities Co., Ltd." After the name change, the company's business entity and legal relationship remain unchanged. Although the controlling stake is in the hands of Wuhan State-owned Assets, Huayuan Securities has not changed its registered address and remains the only securities company in Qinghai Province. How Huayuan Securities sings "A Tale of Two Cities" in the follow-up is worthy of the attention of the industry.
Comments: The change of the name of Jiuzhou Securities to Huayuan Securities is a major brand strategy adjustment. As the only securities company in Qinghai Province, Huayuan Securities has unique geographical advantages and resource endowments. At the same time, with the support of Wuhan state-owned assets, Huayuan Securities will also expand the central market and the national market. After the name change, Huayuan Securities will face new opportunities and challenges, and it is necessary to strengthen internal management and external cooperation to improve service level and competitiveness.
Cover image source: Visual China - VCG211298090733