20 10 Fujian energy group co., ltd., Fujian communications group co., ltd. and Lianhua international trust co., ltd. acquired 66% equity of Hua Fu securities phase I, and industrial bank acquired 5 1% equity of Hua Fu securities. Lianhua International Trust was renamed Industrial International Trust, and Industrial Trust held Hua Fu Securities and 4.35% of Hua Fu Securities on behalf of Industrial Bank.
"Hua Fu Securities has a full license for securities business. Once the acquisition of Industrial Bank is successful, it will have a huge impact. " A brokerage firm in South China said that if approved, it will promote Industrial Bank's comprehensive transformation to asset management on the basis of existing business licenses such as trust and leasing.
Hua Fu Securities official website shows that besides securities trading and investment, consulting, securities underwriting and recommendation, proprietary trading, fund consignment, margin financing and securities lending, etc. The company has also obtained a number of business qualifications such as direct investment, alternative investment, new third board sponsored brokerage, and Hong Kong Stock Connect, and has two wholly-owned subsidiaries, Huafu Capital Investment Co., Ltd. and Xingyin Investment Co., Ltd. Huafu Fund Management Co., Ltd., a holding subsidiary ... Among them, Huafu Capital and Huafu Fund are both registered in Pingtan with a registered capital of 654.38 billion yuan each; Xingyin Investment is registered in Shenzhen with a registered capital of 654.38 billion yuan.
After the news that Industrial Bank acquired Hua Fu Securities came out, it triggered a collective outbreak of banking stocks. By the close of March 9, Bank of Ningbo and Nanjing banks had daily limit, Industrial Bank also rose by 8.72%, China CITIC Bank, China Everbright Bank and China Merchants Bank all rose by over 5%, while brokerage stocks fell, and China Merchants Securities, Northeast Securities and Southwest Securities all fell by over 4%.
"Once a bank obtains a brokerage license, it will be a fatal blow to the existing business of brokers." The middle and senior managers of the investment banking department of a listed bank in South China told Huashang Daily that compared with brokers, banks have great influence on customers and can turn financial and deposit customers into securities investment customers at any time. It will have a subversive impact on the brokerage business of securities firms.
In fact, the bank itself conducts brokerage business through financial management and umbrella trust. After obtaining the brokerage license, you can quickly get through the continuity between the two, seize the existing business resources of brokers, and quickly expand various brokerage businesses such as account opening, securities trading and financing under the premise of absolute capital advantage, connecting banks and investment banks.
"For banks, the name of obtaining a brokerage license is greater than the reality. The brokerage business itself does not make money. With such a large booth to maintain it, it may not contribute much to profits, but the impact on securities companies is fatal. " The above-mentioned South China bankers said that, generally speaking, the real benefit of obtaining a brokerage license for banks lies in not only obtaining a full license, but also strengthening business linkage and opening up links between commercial banks and investment banks.
"The impact depends on which licenses are obtained. If it is an investment bank, brokerage business or even a full license, the impact on both parties is self-evident. If it is only an individual business other than brokers and investment banks, the impact on banks and securities companies is irrelevant. " A brokerage in South China said that no matter what license is obtained, the linkage between banks and brokers has been greatly strengthened, which is certain.