Haitong Securities

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Haitong Securities Company Limited
海通證券股份有限公司
State-owned enterprise
Industry Securities
Founded 1988; 28 years ago (1988)
Headquarters Shanghai, People's Republic of China
Area served
People's Republic of China
Owner Mr. Wang Kaiguo
Website Haitong Securities Company Limited

Haitong Securities (SSE: 600837, SEHK6837) is a major securities firm in China, providing services in stocks and futures brokerage, as well as investment banking, corporate finance, M&A, asset management, mutual fund, and private equity.

Haitong was listed on the Shanghai Stock Exchange in July 2007 and has a market capitalization was worth more than $17.9 billion.[1]

History[edit]

Haitong was founded in 1988 as one of the earliest securities companies and is one of securities companies boasting strongest comprehensive strength in mainland China. In April 2012, it IPO'd successfully, after two tries (December 2011 was cancelled due to market conditions), in Hong Kong. It began trading in the Hong Kong Stock Exchange on April 27, 2012. As of June 2015 it ranks no. 1 amongst Chinese companies for fair value change gain.[2]

Business areas[edit]

Its business includes brokerage, investment banking, M&A, asset management, funds, margin trading & short selling,futures and PE investment. It has the second highest total assets and net assets in the sector, with the net asset reaching RMB 45 bn by the end of 2011. The company has 220 securities offices nationwide, 4mn retail customers, over 10,000 institutional and high-end customers, and customers’ assets up to nearly RMB 1 trillion.

Investment banking[edit]

Haitong has an investment banking division, known for financial and high-tech enterprise underwritings as well as M&A and restructuring of cultural media enterprises.

Private equity[edit]

As the earliest securities company engaged in PE investment in mainland China, Haitong wholly owns or obtains controlling shareholding of four PE investment fund management companies including Haitong Capital Investment Co., Ltd. and Haitong-Fortis Private Equity Fund Management Co.

Cross border[edit]

Haitong puts emphasis on QFII, cross-border mergers, RMB funds and cross-border ETF, and ranks among the top three companies in the sector by QFII transaction amount. The company successfully purchased Taifook Securities, an old-brand securities broker in Hong Kong. Taifook Securities was renamed as “Haitong International Securities Group Co., Ltd. to actively facilitate the integration of domestic and overseas businesses. The company initiated the establishment of Fortis-Haitong Investment Management Co., Ltd., Haitong-Fortis Private Equity Fund Management Co., Haitong Capital Investment Co., Ltd. and Haitong International Holdings Limited., and obtained controlling shareholding of Haitong Futures Co., Ltd.

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