CMS(600999)2024-12-05 09:35Cost Reduction and Efficiency Improvement - The company's business and management expense ratio is 47.31%, a decrease of 0.1 percentage points year-on-year, ranking 3rd among listed brokers [5] - Return on Equity (ROE) is 6.12%, an increase of 0.30 percentage points year-on-year [5] - The company has implemented a series of cost reduction and efficiency improvement measures, ensuring key expenses are prioritized while general expenses are firmly compressed [5] New Account Growth and Market Outlook - In October, the number of new accounts increased several times compared to September, driven by market conditions [7] - The trading volume of stock funds in October significantly increased compared to September, positively impacting the company's brokerage business [7] Mergers and Acquisitions Strategy - The company is monitoring opportunities for mergers and acquisitions as a means to expand capital and integrate customer resources, in line with national policies encouraging such activities [7] Investment Strategy - The company continues to follow a "large and stable" asset allocation strategy, focusing on risk management and maintaining high liquidity in its investment portfolio [7] - The stock investment business will emphasize a high dividend strategy, targeting companies with stable performance and sustainable dividends [9] Asset Management Business Development - The asset management sector is becoming increasingly competitive, with the company planning to develop both public and private fund businesses to enhance investment channels for residents [10] - As of the end of November, the company has submitted applications for 8 public fund products, with 2 equity products already approved [10] Cross-Border Wealth Management - The company will officially launch its cross-border wealth management services on December 4, 2024, aiming to provide comprehensive financial services to domestic and foreign investors [11] - The initiative is expected to enhance the company's ability to introduce more overseas products, thereby driving growth in overseas investments and asset custody [11]