Two and a half years after submitting the application materials for the establishment of an overseas subsidiary, recently, Suzaku ** finally received regulatory feedback.
The China Securities Regulatory Commission gave two feedbacks, requiring Zhuque ** to make two supplementary explanations: first, the necessity of establishing an overseas subsidiary and whether it is compatible with the company's own operation and management;The second is the management structure of the overseas subsidiary, including but not limited to the establishment of departments, customer due diligence and suitability management.
It is worth noting that in terms of the necessity of setting up overseas subsidiaries of Zhuque**, the CSRC mainly focuses on two points, one is that the scale of public offering under management of Zhuque** has shrunk rapidly, and from the beginning of 2023, the scale of public offering management has decreased from about 21 billion yuan to about 14 billion yuan, a decrease of one-third;Second, Suzaku plans to set up an overseas subsidiary within 5 years after the business is relatively limited, and the management scale, income and profit are relatively limited.
Flush ifind shows that Suzaku ** was established on October 25, 2018, with a total of 8 ** managers, 9 ** (including 2 ** type, 6 hybrid type, 1 bond type), and by the end of the third quarter of this year, the scale of public offering under management was 1506.8 billion yuan, ranking 119th in the industry. Among them, 1 new ** will be issued in 2023, which is a selected blend of Suzaku Industry, which was established on June 27 this year, and the current net value of A share unit is 09432 yuan.
The highest scale of public offering under management was at the end of 2021, reaching 294$2.9 billion. In other words, by the end of the third quarter of this year, the scale of its public offering under management has been nearly halved from the highest point.
From the perspective of performance, as of December 18, the total return of Suzaku **'s partial stock ** this year was -1429%, slightly underperforming similar companies (-13.).76%) and CSI 300 (-14.).01%）。
According to the China Securities Regulatory Commission, including Zhuque**, there are currently 4 ** companies applying for the establishment of overseas subsidiaries, and the remaining 3 are Industrial Securities Global**, Huatai Bairui**, and Chuangjin Hexin**. Among the 4 companies, only Suzaku**'s application materials were submitted as early as June 15, 2021, and the application materials of the other 3 companies were all submitted in 2023.
Source: Securities Regulatory Commission**.