To aid expansion, Everbright Securities, the securities subsidiary of a State Council investment arm is considering moving its headquarters from Beijing to Shanghai. The possible move by Everbright Securities - part of China Everbright Group - comes a month after Zhu Xiaohua, formerly deputy head of the People's Bank of China, grasped the reins at the group. Sources at Everbright Securities said there had been talks about the move recently, after it emerged that Shanghai could offer better opportunities than Beijing. 'As Shanghai rebuilds its past glory as a premier financial centre, there is no doubt that Everbright Securities can gain better exposure in the industry if it is headquartered in Shanghai,' the sources said. They added that the likelihood of a move was enhanced after last month's management reshuffle which saw the senior central bank official named as chairman of China Everbright Group. 'There have been debates about where to set up since the start of business in March this year. And Beijing was chosen because the leaders were all in Beijing,' the sources said. 'But the new management appears to favour Shanghai as the headquarters,' they said. Everbright Securities, which came into being in March, aims to become the best securities house in China, although not the largest. It has a registered share capital of 250 million yuan (about HK$232.5 million), with offices in the main cities of Beijing, Shanghai, Shenzhen and Sichuan.