Hubei largest financial control platform Hongtai Group takes over Tianfeng Securities part of the equity of Tianfeng Securities

21st Century Business Herald reporter Liu Qian Wuhan report

Hubei Hubei Hongtai Group Co., Ltd. (hereinafter referred to as "Hongtai Group"), the largest financial control platform in Hubei, will enter the main Tianfeng Securities.

On July 25, Tianfeng Securities issued an announcement that the company received the "Followers of the First Meeting of the First Board of Directors of Hubei Hongtai Group Co., Ltd.". The group acquired 7.85%equity of Tianfeng Securities and the corresponding source of funds held by Tianfeng Securities held by the group.

Established on January 25, 2022, Hongtai Group is the only financial service group in Hubei Province. It is currently the largest shareholder of Hubei Bank, the fifth largest shareholder of Guohua Life, the fifth largest shareholder of Aerospace Gold Rental, and the seventh of Changjiang Securities Big shareholders.

Some people in the industry said in an interview with the 21st Century Business Herald that after the above transactions are completed, the "contemporary department" holding the shares for many years will basically withdraw, and all shareholders who hold more than 5%of Tianfeng Securities will become a state -owned background. For Hongtai Group, this is also in line with its planning for the development path -focusing on financial licenses such as securities, trusts, and futures, and gradually creating a full -license provincial financial holding group structure.

As of July 26, Tianfeng Securities's stock price was 3.01 yuan/share, with a market value of more than 26 billion yuan.

Continuously introduce state -owned asset background shareholders

At the beginning of April this year, Tianfeng Securities had announced that Hongtai Group and Renfu Pharmaceutical signed a share transfer agreement, agreed to transfer 7.85%of the equity of Tianfeng Securities by agreement transfer, and the total transfer price was 2.124 billion yuan. After the transfer is completed, Hongtai Group will hold 7.85%of the company's total share capital; Renfu Medicine will completely withdraw.

A resolution from the Hongtai Group meeting obtained by the reporter showed that it reviewed and approved the Tianfeng Securities shares held by Hongtai Group acquisition of Hiroshi Group on July 20.

The resolution also mentioned that the board of directors learned that the Hubei Provincial Government's special conference clearly supports Hongtai Group to enter the Tianfeng Securities in accordance with laws and regulations. This is the requirements for implementing the relevant deployment of Hubei, and it is also the strategic needs of Hongtai Group to build an upgrade financial control platform. Through the early period of communication and coordination with all parties and due diligence, the board of directors agreed that the project was significant, supported by all parties, reasonable prices, and controllable risks.

In recent years, Tianfeng Securities has introduced state -owned background shareholders through re -financing. In April 2021, Tianfeng Securities completed a fixed increase of 8.18 billion yuan. Its fixed increase objects include Guangdong Hengjian, Qujiang Financial Holdings, Wuhan Financial Holdings, Xi'an Free Trade Port, and Sichuan state -owned enterprises and local state -owned assets platforms. The 2021 annual report shows that China ’s top ten shareholders of Tianfeng Securities account for 68.52%of capital.

However, there have been worries in the market. Whether the blessing of state -owned assets can help Tianfeng Securities get out of the haze of the downward performance. On July 15, Tianfeng Securities issued a pre -reduction announcement. It is expected that the net profit attributable to shareholders in the first half of this year is 46.35 million to 55.6 million yuan, a year -on -year decrease of 83.14%~ 85.95%.

Tianfeng Securities stated that due to the fluctuations in the securities market, the gains and losses and investment income of fair value changes in the first half of the year decreased year -on -year, and the income of self -operated business decreased significantly, which led to a decline in profitability in the first half of the year compared with the same period last year. Although the company's profitability in the second quarter of 2022 increased significantly in the first quarter of the first quarter, the overall accumulation of the first quarter declined, and the company's net profit attributable to shareholders of listed companies in the first half of the year still decreased significantly compared with the same period last year.

Local financial control platform frequently shots

The core of the development of the financial control platform is to take financial licenses. Since the beginning of this year, local financial control platforms have frequently shot, hoping to make breakthroughs in obtaining financial licenses.

In April of this year, Jiuding Group issued an announcement saying that the company and subordinate companies signed an agreement to sell 72.5%of the holding subsidiaries of Holding subsidiaries to companies such as Wuhan Development and Investment Co., Ltd. at a price of 4.8865 billion yuan.

Wuhan Development and Investment Co., Ltd. is 100%controlled by Wuhan Financial Holdings (Group) Co., Ltd. (hereinafter referred to as "Wuhan Financial Control Group"). The actual controller is the Wuhan State -owned Assets Supervision and Administration Commission. According to the agreement, Wuhan Development Investment Co., Ltd. intends to transfer 1.685 billion shares, accounting for 50%of the total share capital. If the transaction is completed, Wuhan Financial Holdings Group will become an indirect controlling shareholder of Kyushu Securities.

Dong Dengxin, director of the Institute of Finance and Securities of Wuhan University of Science and Technology, told the 21st Century Business Herald reporter that Kyushu Securities has the full license of securities business. Types, enrich the layout of financial business.

In Hongtai Group's "3+4+N" comprehensive financial business system, "3" is to promote the reform of three legal person financial institutions such as Bank of Hubei, the Provincial Agricultural Credit Federation, and the Yangtze River Property and Casualty Insurance; Four financial enterprises have transformed quality; "N" is a new and M & A financial license and other measures to gradually build the group into a bank, insurance, securities, trust, futures, financial asset management, financial leasing, commercial insurance, commercial insurance Full -license Financial Holding Group, including the fund management.

Chen Zhixiang, deputy secretary of the party committee and general manager of Hubei Hongtai Group, said in an interview with the media that the foundation of Hubei provincial -level state -owned financial resources is relatively weak. To build a local financial control platform, "big licenses" administrative collection and "small license" marketization construction " Two -pronged approach ".

Industry insiders said that having a full -scale financial license means that Hubei can gather more financial resources to provide more powerful guarantees for the development of the real economy.According to the plan, by 2025, Hongtai Group's total assets will reach 250 billion yuan, operating income will reach 10 billion yuan, and the total profit will reach 3 billion yuan.Essence

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