The transfer of equity in small and medium-sized securities firms is pouring in, and local state-owned assets are becoming the mainstream of dumb buying.

On January 10, Jinshi Data reported that, according to the approval information disclosed on the official website of the CSRC, since January 2024, a total of 8 securities firms including Hongta Securities, Zhongtian Securities, Changjiang Securities, Ruixin Securities, Zhongshan Securities, Dongguan Securities, Guorong Securities, and Wanhe Securities have submitted application materials for changes in shareholding of 5% or more and changes in actual controllers. It is worth mentioning that behind the acceleration of equity flow of small and medium-sized securities firms in this round, local state-owned assets have become the largest 'dumb buying' party. In the above 8 cases under review of equity changes, the share transfers of Changjiang Securities, Ruixin Securities, Dongguan Securities, Guorong Securities, and Wanhe Securities all involved the situation of local state-owned assets 'dumb buying'.