每經記者｜王硯丹    每經編輯(ji)｜趙(zhao)云    

就在(zai)市場行情反復震蕩時，又有券商預備(bei)設(she)立資管子公司。

10月18日晚(wan)間(jian)，信(xin)達(da)證券(quan)（601059）發布公(gong)告稱，經公(gong)司(si)第五屆(jie)董事會(hui)(hui)戰略規劃委(wei)員會(hui)(hui)審(shen)(shen)核、董事會(hui)(hui)審(shen)(shen)議，董事會(hui)(hui)同(tong)意公(gong)司(si)出(chu)資(zi)(zi)不超過3億元，設立全(quan)資(zi)(zi)子(zi)公(gong)司(si)信(xin)達(da)證券(quan)資(zi)(zi)產管(guan)理有限公(gong)司(si)。

近年(nian)來，成立資管(guan)(guan)(guan)子(zi)公(gong)(gong)司(si)成為(wei)行業(ye)大(da)勢所趨，目前(qian)獲批成立的(de)券(quan)商(shang)資管(guan)(guan)(guan)子(zi)公(gong)(gong)司(si)已有約30家。此外，申請公(gong)(gong)募基金牌照成為(wei)券(quan)商(shang)資管(guan)(guan)(guan)業(ye)務的(de)戰略重點(dian)之一，目前(qian)業(ye)內已有13家券(quan)商(shang)及券(quan)商(shang)資管(guan)(guan)(guan)子(zi)公(gong)(gong)司(si)獲得了公(gong)(gong)募牌照，而(er)廣發資管(guan)(guan)(guan)、興證資管(guan)(guan)(guan)、光證資管(guan)(guan)(guan)、安信資管(guan)(guan)(guan)、國金資管(guan)(guan)(guan)等5家券(quan)商(shang)資管(guan)(guan)(guan)仍(reng)在排隊中(zhong)。

上半年資管業務手續費收入同比下滑兩成

據(ju)信達證(zheng)券公(gong)告(gao)，新(xin)設立的(de)資(zi)產(chan)子公(gong)司(si)經(jing)營(ying)范圍包括(kuo)：證(zheng)券資(zi)產(chan)管(guan)(guan)(guan)理(li)業(ye)務(wu)(wu)、公(gong)開(kai)募(mu)(mu)集證(zheng)券投(tou)資(zi)基金(jin)管(guan)(guan)(guan)理(li)業(ye)務(wu)(wu)以(yi)(yi)及監(jian)(jian)管(guan)(guan)(guan)機構允許開(kai)展(zhan)的(de)其(qi)他業(ye)務(wu)(wu)（具(ju)體(ti)經(jing)營(ying)范圍以(yi)(yi)監(jian)(jian)管(guan)(guan)(guan)機構和(he)登記機關核準(zhun)內容為(wei)準(zhun)）。其(qi)中，公(gong)開(kai)募(mu)(mu)集證(zheng)券投(tou)資(zi)基金(jin)管(guan)(guan)(guan)理(li)業(ye)務(wu)(wu)資(zi)格待資(zi)管(guan)(guan)(guan)子公(gong)司(si)設立后(hou)根據(ju)監(jian)(jian)管(guan)(guan)(guan)要(yao)求另行予以(yi)(yi)申(shen)請。本議案需提交股東大會審議且獲得監(jian)(jian)管(guan)(guan)(guan)機構/主管(guan)(guan)(guan)部(bu)門必要(yao)批準(zhun)/許可方(fang)可實(shi)施(shi)。

同時，為(wei)確保(bao)資管(guan)子(zi)公司(si)(si)滿足(zu)監(jian)管(guan)規定和其業務(wu)持(chi)續發展要求，合理配置資本，有效利用資金，董(dong)事(shi)會(hui)同意為(wei)擬設立(li)(li)的資管(guan)子(zi)公司(si)(si)提供累計不超過(guo)5億元(yuan)（含(han)）的凈(jing)資本擔保(bao)承(cheng)諾。凈(jing)資本擔保(bao)承(cheng)諾的有效期(qi)自(zi)資管(guan)子(zi)公司(si)(si)成(cheng)立(li)(li)之日起至其資本狀況能(neng)夠持(chi)續滿足(zu)監(jian)管(guan)部門要求時止(zhi)。

信達證(zheng)券認為，公(gong)司(si)設(she)立(li)資(zi)管(guan)(guan)子公(gong)司(si)符合(he)監管(guan)(guan)政策與行(xing)業發展趨勢，有利(li)于提(ti)高(gao)業務運行(xing)效率，加快業務轉型，聚焦主動管(guan)(guan)理，提(ti)高(gao)客戶財(cai)富管(guan)(guan)理服(fu)務能(neng)力(li)，提(ti)升市場競爭(zheng)力(li)。資(zi)管(guan)(guan)子公(gong)司(si)成立(li)后，將努力(li)建成為綜合(he)性(xing)資(zi)產管(guan)(guan)理平臺，為投資(zi)者提(ti)供專業化金融理財(cai)服(fu)務，為公(gong)司(si)提(ti)升整體盈利(li)能(neng)力(li)。

2023年(nian)(nian)半(ban)年(nian)(nian)報顯示，受(shou)市場(chang)環(huan)境影響，信達證券資產(chan)管理(li)收(shou)入同(tong)比(bi)出現(xian)(xian)下滑。上半(ban)年(nian)(nian)實(shi)現(xian)(xian)資產(chan)管理(li)業(ye)務手續費凈收(shou)入0.75億(yi)元，同(tong)比(bi)下滑20.21%。

此外，值得一(yi)提的是，2023年6 月2日，北(bei)京證監(jian)(jian)(jian)局(ju)對公(gong)(gong)司出具責令改正(zheng)監(jian)(jian)(jian)管(guan)措施(shi)，指出公(gong)(gong)司在資產管(guan)理(li)業(ye)務中存在內部控(kong)制管(guan)理(li)不完善等(deng)問(wen)題，對公(gong)(gong)司采取責令改正(zheng)的監(jian)(jian)(jian)管(guan)措施(shi)。同時，北(bei)京證監(jian)(jian)(jian)局(ju)對時任分管(guan)資產管(guan)理(li)業(ye)務高級管(guan)理(li)人員(yuan)張延強出具警示函。

信(xin)達(da)證券在2023年半年報(bao)中指(zhi)出(chu)，公司(si)在收到(dao)上述監管(guan)措施(shi)后，高(gao)度重視，積(ji)極落(luo)實相(xiang)關整(zheng)改工作(zuo)，已向北京證監局提交(jiao)整(zheng)改報(bao)告。上述監管(guan)措施(shi)未對公司(si)資(zi)(zi)產管(guan)理業(ye)務的正(zheng)常(chang)投(tou)資(zi)(zi)運(yun)作(zuo)造成重大不(bu)利影響(xiang)。目前，公司(si)各項資(zi)(zi)產管(guan)理業(ye)務平(ping)穩運(yun)行。

券商積極申請資管子公司，布局公募業務

隨著資(zi)(zi)(zi)管(guan)新規的發(fa)(fa)(fa)布與實施，證(zheng)(zheng)(zheng)(zheng)券(quan)公(gong)(gong)(gong)司(si)通道類資(zi)(zi)(zi)產管(guan)理業(ye)務規模(mo)大幅壓縮，強化主動管(guan)理能(neng)力已成(cheng)為證(zheng)(zheng)(zheng)(zheng)券(quan)公(gong)(gong)(gong)司(si)發(fa)(fa)(fa)展資(zi)(zi)(zi)產管(guan)理業(ye)務的關鍵。2020年(nian)7月(yue)31日，中國(guo)證(zheng)(zheng)(zheng)(zheng)監(jian)會(hui)發(fa)(fa)(fa)布《公(gong)(gong)(gong)開募(mu)(mu)集(ji)證(zheng)(zheng)(zheng)(zheng)券(quan)投(tou)(tou)資(zi)(zi)(zi)基(ji)金管(guan)理人(ren)監(jian)督管(guan)理辦法（征求意見(jian)稿）》及相關配套規則，公(gong)(gong)(gong)募(mu)(mu)基(ji)金業(ye)務已成(cheng)為證(zheng)(zheng)(zheng)(zheng)券(quan)公(gong)(gong)(gong)司(si)資(zi)(zi)(zi)產管(guan)理業(ye)務轉(zhuan)型的重要發(fa)(fa)(fa)力點之一(yi)。此后，越來(lai)(lai)越多的券(quan)商陸續發(fa)(fa)(fa)布公(gong)(gong)(gong)告擬設立資(zi)(zi)(zi)產管(guan)理子(zi)(zi)公(gong)(gong)(gong)司(si)并積極準(zhun)備公(gong)(gong)(gong)開募(mu)(mu)集(ji)證(zheng)(zheng)(zheng)(zheng)券(quan)投(tou)(tou)資(zi)(zi)(zi)基(ji)金管(guan)理業(ye)務資(zi)(zi)(zi)格的申請。2022年(nian)5月(yue)，證(zheng)(zheng)(zheng)(zheng)監(jian)會(hui)發(fa)(fa)(fa)布《公(gong)(gong)(gong)開募(mu)(mu)集(ji)證(zheng)(zheng)(zheng)(zheng)券(quan)投(tou)(tou)資(zi)(zi)(zi)基(ji)金管(guan)理人(ren)監(jian)督管(guan)理辦法》，“一(yi)參一(yi)控一(yi)牌”政策落地(di)，明確了券(quan)商可以通過申請設立資(zi)(zi)(zi)管(guan)子(zi)(zi)公(gong)(gong)(gong)司(si)、公(gong)(gong)(gong)募(mu)(mu)基(ji)金公(gong)(gong)(gong)司(si)以及參與控股公(gong)(gong)(gong)募(mu)(mu)基(ji)金公(gong)(gong)(gong)司(si)的方式來(lai)(lai)開拓公(gong)(gong)(gong)募(mu)(mu)業(ye)務，券(quan)商或券(quan)商子(zi)(zi)公(gong)(gong)(gong)司(si)申請公(gong)(gong)(gong)募(mu)(mu)資(zi)(zi)(zi)格駛入了快車道。

相關數據統計顯示，目前山西(xi)證券(quan)(quan)(quan)(quan)、國都(dou)證券(quan)(quan)(quan)(quan)、北京高華證券(quan)(quan)(quan)(quan)、中(zhong)銀證券(quan)(quan)(quan)(quan)等4家(jia)券(quan)(quan)(quan)(quan)商，以(yi)及東證資(zi)管(guan)、浙商資(zi)管(guan)、渤(bo)海匯金(jin)、財通(tong)資(zi)管(guan)、長(chang)江資(zi)管(guan)、華泰證券(quan)(quan)(quan)(quan)資(zi)管(guan)、中(zhong)泰資(zi)管(guan)、國泰君安資(zi)管(guan)、招商資(zi)管(guan)等9家(jia)券(quan)(quan)(quan)(quan)商資(zi)管(guan)子公(gong)司取得了公(gong)募資(zi)格。而(er)廣發資(zi)管(guan)、興(xing)證資(zi)管(guan)、光(guang)證資(zi)管(guan)、安信(xin)資(zi)管(guan)、國金(jin)資(zi)管(guan)正在(zai)排隊(dui)申領(ling)公(gong)募牌照。

此外，9月28日(ri)，中(zhong)原證券宣(xuan)布(bu)，將與江蘇(su)蘇(su)豪(hao)投資集團有限(xian)公司共(gong)同(tong)發起設立中(zhong)原蘇(su)豪(hao)基(ji)金管理有限(xian)公司，從事公開募集證券投資基(ji)金管理等業務。

不過，值得(de)一提的(de)是(shi)，券(quan)商申請設立(li)資管(guan)(guan)子(zi)(zi)(zi)公司(si)等(deng)過程，并非一帆風順。多家券(quan)商曾(ceng)接到(dao)(dao)過證(zheng)監(jian)會反(fan)饋(kui)意見，要求做出補充說(shuo)明。如國聯證(zheng)券(quan)曾(ceng)被(bei)(bei)要求說(shuo)明資管(guan)(guan)子(zi)(zi)(zi)公司(si)擬(ni)任總經理、擬(ni)任監(jian)事在資管(guan)(guan)子(zi)(zi)(zi)設立(li)后(hou)的(de)專(zhuan)兼職安排(pai)；中(zhong)金(jin)公司(si)則(ze)曾(ceng)被(bei)(bei)要求說(shuo)明擬(ni)任合規負(fu)責(ze)人在資管(guan)(guan)子(zi)(zi)(zi)設立(li)后(hou)是(shi)否(fou)專(zhuan)職等(deng)問題。國信證(zheng)券(quan)申請設立(li)資產管(guan)(guan)理公司(si)則(ze)收到(dao)(dao)了六項反(fan)饋(kui)意見，主要包(bao)括(kuo)資管(guan)(guan)子(zi)(zi)(zi)公司(si)的(de)投資顧問業(ye)(ye)務、管(guan)(guan)理人員任職資格、資產證(zheng)券(quan)化業(ye)(ye)務、固(gu)收及(ji)權益部(bu)門(men)等(deng)級界(jie)定(ding)、國信證(zheng)券(quan)或有(you)負(fu)債以及(ji)母子(zi)(zi)(zi)公司(si)各項分(fen)控指標合規情況等(deng)方面。

封面圖片(pian)來源(yuan)：視覺(jue)中國-VCG41184154345