Another public equity plan to change. April 28thCryptoslotsnodepositbonusAccording to the China Securities Regulatory Commission, applications for more than 5% equity change of the Guoxin National Securities Fund have been accepted, which means that the public offering shareholder Guoxin Securities plans to give up its wholly-owned holding. For a long time, since the beginning of the year, a number of public offerings have proposed to change more than 5% of their equity shareholders. at the same time, the equity changes of public offering fund managers such as China Post Fund and Debang Fund have been "landed". Some people in the industry have pointed out that the equity change of public offering funds may be related to factors such as business adjustment, equity incentives, shortage of shareholders' funds, and so on. Whether the equity change can introduce shareholders with strong strength and strategic experience will affect the future development prospects of public offering to a great extent.
Guoxin Securities gives up its wholly-owned holding
On April 28, according to the progress of examination and approval by the China Securities Regulatory Commission, the application materials for more than 5% of the equity change of the Guoxin National Securities Fund have been received. However, the transferor and transferee of the change and the proportion of the changed equity have not been made public.
According to the official website, the Guoxin National Securities Fund was established in March 2019 with a registered capital of 200 million yuan and a shareholder of Guoxin Securities with a shareholding ratio of 100%. The application for equity change may also mean that Guoxin Securities intends to give up its wholly-owned control of the Guoxin National Securities Fund.
With regard to the reasons for abandoning the wholly-owned Guoxin National Certificate Fund, a reporter from the Beijing Commercial Daily issued an interview with Guoxin Securities, and the other party said that it was not convenient to disclose for the time being, subject to the announcement information. Guo Shiliang, a financial commentator, pointed out that generally speaking, changes in public equity may be related to factors such as business adjustment, equity incentives, shortage of shareholders' funds, and so on. More than 5% of equity changes may tend to changes in strategic adjustment and business adjustment.
Public information shows that Guoxin National Certificate Fund is renamed from Huarong Fund. In June 2022, the China Securities Regulatory Commission approved China Guoxin Holdings Co., Ltd. as the actual controller of Huarong Securities and Huarong Fund. In July of the same year, Huarong Securities Officer Xuan changed its name to Guoxin Securities. Subsequently, in November 2022, Huarong Fund announced that it would change the legal name of fund manager from "Huarong Fund Management Co., Ltd." to "Guoxin National Certificate Fund Management Co., Ltd.".
Flush iFinD data show that the Guoxin National Certificate Fund currently manages a total of 19 products (the shares are calculated separately, the same below). As of the end of the first quarter, the scale of the managed non-goods base is 35.Cryptoslotsnodepositbonus.1.7 billion yuan, 18.83% lower than at the end of the first quarter of 2023 compared with the same period last year.
Except for the decline in the scale of the goods base, the performance of the products of the Guoxin National Certificate Fund has also been mediocre in the past year. As of April 26, of the 16 products available for nearly one year, 8 had negative returns. Among them, the returns of six active equity funds were completely negative, and the rate of return of mixed Adeband C fell by more than 20% in 6 months, to-21.7% and-21.87%, respectively. The mixture of China, New country and New interest has also fallen by 18.67%. In addition, the rate of return of the new country card Rongxing in the past year has also fallen by more than 10%. In addition, the rate of return of the new country card Rongxing six months after opening the mixed A & C and the new sharp and flexible configuration of the new country card also fell by more than 10%.
If lengthened to nearly three years, flush (300033) iFinD data show that as of April 26, the data available in the seven products, 5 products yield positive. Among them, Guoxin National Certificate Xiongan Construction Development three-year fixed bond and Guoxin National Certificate won 63 months fixed bond yield of 11.88% and 11.56% respectively in recent three years. In the same period, the yields of two products, namely, the combination of the new sharp and flexible configuration of the new country certificate and the mixture of the new country certificate and the new profit, were negative, which were-2.89% and-12.58%, respectively.
Changes in shareholders may affect future development
In addition to the new national certificate fund, according to the China Securities Regulatory Commission, since the beginning of the year, a number of public offerings have submitted applications for equity changes of more than 5%, which are waiting for feedback and approval from the China Securities Regulatory Commission. At present, Jinxin Fund, Vanguard Fund and Honeycomb Fund have all received a notice of correction in their applications for changing shareholders who hold more than 5% of their equity.
In the same period, a number of fund managers' equity changes have been "landed". On April 23, the China Post Fund announced that with the approval of the Securities Regulatory Commission of the China Securities Regulatory Commission and confirmation of the shares of the National small and medium-sized Enterprises share transfer system Co., Ltd., China Post Group, the former shareholder of the China Post Fund, transferred its 28.61% stake in the China Post Fund to China Post Securities.
Since the beginning of the year, the ownership structure of Debang Fund has also changed. In February this year, Xizi United Holdings Co., Ltd., the third largest shareholder of Debon Fund, transferred its 10% stake in Debon Fund to Debon Securities. After the completion of the transfer, Debon Securities's stake in the Debon Fund increased from 70% to 80%.
Guo Shiliang believes that the equity change or equity structure adjustment of public equity funds is conducive to the introduction of capital and the promotion of institutional reform. However, it should be noted that whether the change can introduce shareholders with strong strength and strategic experience will affect the future development prospects of public offering to a great extent.
Beijing Business Daily reporter Liu Yuyang and Hao Yan