Guolian Minsheng to Shift Wealth Management to Minsheng Securities, Cut Capital by RMB 10 Billion

On August 10, Guolian Minsheng announced plans to transfer the assets of its wealth management business to Minsheng Securities at no cost, positioning Minsheng Securities as a subsidiary primarily engaged in wealth management. The company also intends to transfer the assets of Minsheng Securities' fixed income investment and equity investment businesses to the parent company at no cost.

To optimize resource allocation and improve overall capital efficiency, Guolian Minsheng will reduce Minsheng Securities' registered capital by RMB 10 billion, bringing it from RMB 11.51 billion to RMB 1.51 billion. Upon completion of the capital reduction, the company will continue to hold 100% of Minsheng Securities.