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this securities firm asset management changed its leader

2024-09-19

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anxin asset management changed its leadership in a low-key manner.

recently, essence securities asset management co., ltd. ("essence asset management") issued an announcement on the change of chairman and general manager. li li no longer serves as the company's chairman and general manager and retires. wang bin will serve as chairman and general manager of essence asset management.

according to a reporter from securities china, wang bin comes from guotou securities (formerly known as "anxin securities"), a shareholder of anxin asset management. before taking this position, he was the general manager of the fund management department of guotou securities. coincidentally, wang bin also served as the general manager of the asset management department of anxin securities, the predecessor of anxin asset management.

it is worth mentioning that at present, anxin asset management is actively promoting the application for public fund management business qualifications to expand business development space, which has also become the current goal of its successor.

first general manager retires

recently, essence asset management, a wholly-owned subsidiary of sdic securities, announced that, according to the decision of the company's shareholders and the resolution of the board of directors, li li will no longer serve as the chairman, director and general manager of the second board of directors and will retire. wang bin will serve as the chairman, director and general manager of essence asset management.

it is reported that wang bin officially assumed the position of chairman and general manager after passing the securities company's senior management level evaluation test. before wang bin officially assumed the position, the company's director wang xiaolin performed the position of chairman on his behalf, and the deputy general manager zhang nansen performed the position of general manager on his behalf.

according to information, anxin asset management was established on january 16, 2020, and obtained a license to operate securities and futures business in june of the same year; its registered capital is 1 billion yuan, and its registered place is shenzhen. it is a wholly-owned subsidiary of guotou securities and its predecessor was the asset management department of guotou securities.

according to his resume, li li has served as assistant general manager of the operation center of guotai junan securities, deputy general manager of the operation center of guotou securities, and general manager of the margin trading department, capital operation department, and asset management department.

according to a reporter from securities china, li li was involved in the preparation for the establishment of anxin asset management, a subsidiary of anxin asset management. after the establishment of anxin asset management, li li served as the first general manager of anxin asset management. in october 2021, after liu chunliang, the former chairman of anxin asset management, no longer served as chairman, li li "shouldered" the chairman and general manager of anxin asset management.

in july last year, li li attended the "2023 china securities industry asset management summit forum" hosted by securities times as the chairman and general manager of anxin asset management.

at the forum, li li said that assets and strategies should match, and they are two wings of one body. "in terms of assets, we have a dedicated multi-asset department and a quantitative department, and the fixed income department also has multi-asset operations. essence asset management conducts in-depth research on various assets and uses assets with multiple strategies, so we made a lot of arrangements in the early stage. in addition to traditional standardized products, we also have over-the-counter options. the products related to over-the-counter options have been running for many years, and the performance is relatively stable."

li li also said that in the process of value mining, the investment research team of anxin asset management accurately identified its own positioning, gave full play to its unique advantages, carried out top-down allocation of major asset classes, captured the excess returns of assets or targets from the bottom up, and strictly controlled portfolio risks.

in the announcement, essence asset management stated that li li performed his duties diligently and conscientiously during his tenure, and expressed its sincere gratitude to li li for his important contributions to the company's development during his tenure.

actively apply for public offering license

for the successor of anxin asset management, continuing to advance the application for a public offering license has become one of the goals.

according to the semi-annual report of sdic capital, in the first half of this year, the net income of sdic securities' asset management business was 161 million yuan, an increase of 3.78% year-on-year. as of the end of the first half of this year, essence asset management had 258 entrusted products with a total market value of 148.166 billion yuan, a year-on-year decrease of 3.32%, of which the actively managed market value was 126.51 billion yuan.

according to reports, essence asset management has a professional product team and rich experience in product innovation and customization, and is committed to providing customers with comprehensive asset management services, covering retail business, customization business, asset securitization business, capital market business, etc. specifically, essence asset management has a relatively complete product business layout. taking the collective asset management business (private placement) as an example, the company provides a product spectrum that fully covers retail financial management services, and product types include fixed income, theme equity, overseas, and fof series.

sdic capital revealed that anxin asset management has been actively promoting the application for public fund management business qualifications in the first half of this year to expand business development space.

industry insiders believe that under the requirements of the new asset management regulations, various asset management institutions in the market will compete on the same stage, which requires securities companies to further enhance their active management capabilities and transform to public offering business. therefore, most securities companies hope to apply for public offering licenses through asset management subsidiaries and expand their business in the public fund market.

anxin asset management is no exception. as early as july last year, its application materials for public fund manager qualifications were accepted by the china securities regulatory commission.

in march this year, the china securities regulatory commission gave its first feedback on anxin asset management's application for public offering business qualifications. compared with the feedback from other securities asset management companies, anxin asset management received fewer feedbacks, only two.

the csrc responded by explaining, first, the differences in the development positioning of the company, essence fund management co., ltd. and sdic ubs fund management co., ltd. in conducting public securities investment fund management business. second, the company's asset management business development in 2023 was explained.

on september 13, the progress information published on the official website of the china securities regulatory commission showed that as of now, a total of four securities asset management subsidiaries, namely gf asset management, everbright asset management, guojin asset management and anxin asset management, have applied for public offering licenses. the progress of their queues varies. among them, anxin asset management is relatively ahead in progress, but it is still at the first feedback date in march this year.