Huatai Securities () is a

securities A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any for ...

firm in

China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...

which engages in the operation of large-scale comprehensive securities broking and trading services. The company was founded in 1991 and is headquartered in

Nanjing Nanjing (; , Mandarin pronunciation: ), alternately romanized as Nanking, is the capital of Jiangsu province of the People's Republic of China. It is a sub-provincial city, a megacity, and the second largest city in the East China region. T ...

History

Huatai Securities was established on 9 April 1991 in with a registered

share capital A corporation's share capital, commonly referred to as capital stock in the United States, is the portion of a corporation's equity that has been derived by the issue of shares in the corporation to a shareholder, usually for cash. "Share capita ...

of RMB 10 million. It was originally named Jiangsu Securities Company until it was renamed to Huatai Securities in 1999. In 2008, Huatai Securities received approval from the China Securities Regulatory Commission to be a

Qualified Domestic Institutional Investor Qualified Domestic Institutional Investor (), also known as QDII, is a scheme relating to the capital market set up to allow financial institutions to invest in offshore markets such as securities and bonds. Similar to QFII (Qualified Foreign Ins ...

. On 26 February 2010, Huatai Securities was listed on the

Shanghai Stock Exchange The Shanghai Stock Exchange (SSE) is a stock exchange based in the city of Shanghai, China. It is one of the three stock exchanges operating independently in mainland China, the others being the Beijing Stock Exchange and the Shenzhen Stock Exc ...

with the stock code of 601688. On 1 June 2015, the

H Shares H shares () refer to the shares of companies incorporated in mainland China that are traded on the Hong Kong Stock Exchange. Many companies float their shares simultaneously on the Hong Kong market and one of the two mainland Chinese stock exc ...

of Huatai Securities were listed on the

Hong Kong Stock Exchange The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is repor ...

with the stock code of 6886. In 2016, Huatai Securities acquired AssetMark, a wealth management technology provider from Aquiline Capital Partners and

Genstar Capital Genstar Capital is a private equity firm that executes leveraged buyout transactions in middle-market companies based in North America. Founded in 1988, Genstar currently has approximately $33 billion in assets under management. Based in San ...

, for $780 million in cash. On 17 June 2019,

Global depository receipt A global depository receipt (GDR and sometimes spelled ''depositary'') is a general name for a depositary receipt where a certificate issued by a depository bank, which purchases shares of foreign companies, creates a security on a local exchan ...

s of Huatai Securities were listed on

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...

with the stock code of HTSC.

Business areas

The main businesses of Huatai Securities include wealth management, institutional services, investment management, and international business.

Wealth management

Mainly securities brokerage and financial products sales. Platforms include Desktop PC and Mobile apps.

Institutional services

Investment banking Investment banking pertains to certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated wit ...

(includes ECM, DCM, financial advisory etc.) *

Prime brokerage Prime brokerage is the generic name for a bundled package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest ...

* Research and institutional sales (mainly

Securities research Securities research is a discipline within the financial services industry. Securities research professionals are known most generally as "analysts", "research analysts", or "securities analysts"; all the foregoing terms are synonymous. Resea ...

as well as promoting and selling securities to Institutional Clients) * Investment and trading (includes

equity trading A stock trader or equity trader or share trader, also called a stock investor, is a person or company involved in trading equity securities and attempting to profit from the purchase and sale of those securities. Stock traders may be an invest ...

, FICC trading and OTC derivative transactions)

Investment management

Mainly consists of providing asset management services to Financial institutions.

International business

The international business covers various countries and regions such as

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delt ...

and the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

. This is done through the subsidiary, Huatai International.

Principal subsidiaries

As of 31 December 2021:

Major Shareholders

As of 31 December 2021, the top ten substantial shareholders are as follows:

References

External links

Official site
{{authority control Companies listed on the Shanghai Stock Exchange Companies in the CSI 100 Index Companies listed on the Hong Kong Stock Exchange Financial services companies established in 1991 Companies based in Nanjing Investment banks in China Financial services companies of China H shares Companies listed on the London Stock Exchange