---
title: "Guozheng Asset Management withdraws public offering license application, multiple securities firms' asset management have also withdrawn public offering license applications"
description: "Guozheng Asset Management and several securities firms' asset management have withdrawn their applications for public offering licenses. The latest disclosure from the China Securities Regulatory Comm"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/263988897.md"
published_at: "2025-11-03T10:28:38.000Z"
---

# Guozheng Asset Management withdraws public offering license application, multiple securities firms' asset management have also withdrawn public offering license applications

> Guozheng Asset Management and several securities firms' asset management have withdrawn their applications for public offering licenses. The latest disclosure from the China Securities Regulatory Commission shows that Guotou Securities Asset Management Co., Ltd. is no longer on the list of public fund management qualification approvals. Currently, only Guojin Asset Management is still in the application process. By the end of the third quarter, three securities firms and eleven securities asset management companies had been approved for public offering licenses, managing nearly 600 billion yuan in non-monetary fund scale. Industry analysis suggests that under the backdrop of intensified competition and fee reductions, the income of small and medium-sized fund companies is affected, leading some securities asset management firms to reconsider their entry into public offerings

The latest information disclosed by the China Securities Regulatory Commission shows that Guotou Securities Asset Management Co., Ltd. has disappeared from the list of "asset management institutions conducting public fund management qualification approvals." Previously, GF Securities Asset Management and Guangzheng Asset Management had also withdrawn their applications for public fund licenses. Currently, only Guojin Asset Management remains in the queue for a public license application. According to Wind data, as of the end of the third quarter, a total of 3 securities firms and 11 securities asset management institutions have been approved for public licenses, managing nearly 600 billion yuan in non-monetary fund scale. Industry insiders analyze that, on one hand, as of now, there are a total of 165 fund management companies and asset management institutions with public qualifications in China, and the "Matthew effect" in the industry is very obvious. From the perspective of homogeneous competition, the tightening of public license approvals also aligns with the current industry situation. In addition, against the backdrop of fee reductions, the income of some small and medium-sized fund companies has also been affected, and some securities asset management firms are considering other options for entering the public fund market

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Liftoff Mobile Inc files to withdraw IPO plans | Liftoff Mobile Inc files to withdraw IPO plans | [Link](https://longbridge.com/en/news/276118226.md) |
| FirstService: Capitalizing on Cyclical Dislocation with Durable Growth and Conservative 2026 Upside | William Blair analyst Stephen Sheldon has reiterated a Buy rating on FirstService (FSV) stock, citing confidence in the  | [Link](https://longbridge.com/en/news/276281132.md) |
| Did Otis Worldwide’s (OTIS) New Universal Shelf Plan Quietly Redefine Its Capital Allocation Playbook? | Otis Worldwide Corporation has filed a universal shelf registration to enhance its capital market access, allowing for g | [Link](https://longbridge.com/en/news/276177653.md) |
| TLGY Acquisition Corp. Announces Effectiveness of Registration Statement for Proposed Business Combination | TLGY Acquisition Corp. announced the effectiveness of its registration statement for a proposed business combination wit | [Link](https://longbridge.com/en/news/276231466.md) |
| KKR & Co. Executives Make Significant Stock Purchases | Scott C. Nuttall, Co-CEO of KKR & Co., purchased 125,000 shares on February 17, 2026, for approximately $12.83 million,  | [Link](https://longbridge.com/en/news/276286043.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.