GF Securities (Chinese: 广发证券; pinyin: Guǎngfā zhèngquàn)is a securities firm in China which engages in the operation of large-scale comprehensive securities broking and trading services. The company was founded in 1991 and is headquartered in Guangzhou, China. By mid-2020, it was among China's four largest securities firms, together with CITIC Securities, Guotai Junan Securities, and Haitong Securities.[2]
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.jpg) Headquarters at GF Securities Tower | |
Native name | 广发证券股份有限公司 |
|---|---|
| Formerly | Guangfa Securities |
| Company type | Public |
| SZSE: 000776 (A share) SEHK: 1776 (H share) | |
| Industry | Financial services |
| Founded | September 8, 1991 |
| Headquarters | , |
Key people | Lin Chuanhui (Chairman) |
| Services | Securities brokerage Investment banking Investment management |
| Revenue |  CN¥38.86 billion (FY 2021) |
| CN¥12.00 billion (FY 2021) | |
| Total assets | CN¥535.86 billion (FY 2021) |
| Total equity | CN¥535.86 billion (FY 2021) |
| Owners | HKSCC Nominees Limited (22.31%) Jilin Aodong Medicine (16.43%) Liaoning Chengda (16.40%) |
Number of employees | 13,174 (FY 2021) |
| Subsidiaries | E Fund Management Co., Ltd |
| Website | www |
| Footnotes / references [1] | |
History
editThe securities department of China Guangfa Bank was established on 9 April 1991.[1][3] On 26 August 1999, the firm was spun-off as a separate company.[1] On 25 July 2001, the firm changed its name to GF Securities.[1]
GF Securities listed on the Shenzhen Stock Exchange on 12 February 2010, via a reverse takeover by Yan Bian Road Construction Co., Ltd.[1][4]
On 5 August 2015, GF Securities paid $40 million to purchase Natixis' commodities trading unit.[5]
On 10 April 2015, GF Securities listed on the Hong Kong Stock Exchange.[1][6]
In April 2023, the China Securities Regulatory Commission filed a case against GF Securities for the inadequate review of a shares issuance.[7]
In June 2023, GF Securities announced it would acquire a 20.2% stake in Value Partners.[8]
GF Securities is a member of the SZSE 100 Index which consists of the top 100 A-share listed companies listing and trading on the Shenzhen Stock Exchange ranked by total market capitalization[9]
Subsidiaries
editE Fund Management, one of China's largest asset management companies is considered a subsidiary of GF Securities which holds 22.65% of its shares.[1]
See also
editReferences
edit- ^ a b c d e f g "Annual Report 2021" (PDF).
- ^ Wang Juanjuan, Wu Hongyuran & Guo Yingzhe (1 July 2020). "In Depth: China Prepares to Tear Down 25-Year Bank-Brokerage Divide". Caixin.
- ^ "GF Securities | Company Overview & News". Forbes. Retrieved 17 September 2022.
- ^ "GF Securities achieves back-door listing". 25 April 2020. Archived from the original on 25 April 2020. Retrieved 17 September 2022.
- ^ "Natixis sells commods trading arm to GF Securities-spox". Reuters. 5 August 2013. Retrieved 17 September 2022.
- ^ "GF Securities shares surge in grey market". South China Morning Post. 9 April 2015. Retrieved 17 September 2022.
- ^ "GF Securities investigated for inadequate due diligence amid IPO reform roll-out". South China Morning Post. 18 April 2023. Retrieved 24 June 2023.
- ^ Blott, Thomas (5 June 2023). "Value Partners seals strategic investment from GF Securities". Fund Selector Asia. Retrieved 24 June 2023.
- ^ "GF SECURITIES CO., LTD. : Shareholders Board Members Managers and Company Profile | CNE0000008L2 | MarketScreener". www.marketscreener.com.