After the capital increase is completed, the registered capital of Shenwan Hongyuan Securities will increase from 47 billion yuan to 52 billion yuan.
Shenwan Hongyuan said that this capital increase aims to further focus on the main business, consolidate the capital strength of Shenwan Hongyuan Securities, and accelerate business transformation. , an important measure to improve the anti-risk ability, in line with the company's development strategy and long-term planning, and will help enhance the comprehensive strength and market competitiveness of Shenwan Hongyuan Securities.
Registered capital "distinguished" peers
As far as experts know, Shenwan Hongyuan Securities has the highest registered capital in the industry.
Both are leading brokerages, Haitong Securities has a registered capital of 13.064 billion yuan, CITIC Securities 12.927 billion yuan, Huatai Securities 9.077 billion yuan, and Guotai Junan 8.908 billion yuan.
Obviously, the registered capital of Shenwan Hongyuan Securities has exceeded the sum of the top four securities firms.
In retrospect, from the merger of Shenyin Securities and Wanguo Securities in 1996 to the merger of Shenyin Wanguo and Hongyuan Securities in 2015, the registered capital of Shenwan Hongyuan Securities has all made a "leap".
Because this capital increase does not involve new share issuance, private placement and other factors. Therefore, an increase in registered capital is equivalent to an increase in net capital.
As a comprehensive regulatory indicator to measure the capital adequacy and asset liquidity of securities firms, net capital also demonstrates its strength from one aspect.
So, what is the net capital strength of Shenwan Hongyuan Securities?
Comparison of the capital strength of leading securities companies
Looking at the parent company alone, in the first half of this year, Shenwan Hongyuan Securities ranked sixth in the industry in terms of operating income and net profit in second place. Its net capital is also ranked sixth. Those in the same segment are all top-listed securities firms.
Data source: Securities Industry Association
Among the five main businesses of securities firms, the ones most closely related to net capital are credit business and proprietary business. And these two capital-heavy businesses are also the main investment directions of the funds raised by securities companies in recent years when they "replenish blood".
In order to deeply explore industry information, experts take the top ten securities companies in net capital in the first half of the year as samples to explore the current situation of the credit business and self-operated business of leading securities companies.
The "Double Crown" in the credit business ranking first
Let's first look at the credit business, including the two financing business and the stock business. Experts were previously in the "Rendong Holdings" suspense of "circling the standard", how much "damage" did the securities company "injury"? ” and other texts have been combed.
In terms of net interest income, among the top ten brokers by credit business income in the first half of the year, Guosen Securities, CICC and Zhongtai Securities did not enter the top ten in terms of net capital, ranking 12th, 13th, 17 bits.
Guotai Junan, ranked No. 1 in net capital, collected RMB 2.854 billion from its credit business in the first half of the year. It was followed by Haitong Securities (2.253 billion yuan) and Galaxy Securities (1.630 billion yuan). Shenwan Hongyuan's credit business revenue was 1.401 billion yuan, ranking fourth.
Ninth among the top ten self-operated businesses
business. According to the requirements of risk control indicators, the scale of self-operated equity and non-equity categories of securities firms is linked to net capital.size of the business.
According to the data, among the top ten securities companies with self-operated business income in the first half of the year, only CICC's net capital did not enter the top ten, ranking 13th.
In the first half of the year, CITIC Securities' self-operated business revenue topped the list, reaching 11.795 billion yuan, and its net capital ranked second. Followed by Haitong Securities (5.848 billion yuan) and Huatai Securities (5.395 billion yuan), the net capital of the two securities companies ranked 3rd and 7th respectively. Shenwan Hongyuan's current self-operated business income ranked seventh, with 3.289 billion yuan.
Experts noticed that among the leading brokerages, Shenwan Hongyuan Securities' credit business and proprietary business are at the forefront. With the support of the parent company and the replenishment of net capital, there should be more room for development.
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