Haitong Securities is a securities 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 ...

, providing services in

stock In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ...

s and

futures Futures may mean: Finance *Futures contract, a tradable financial derivatives contract *Futures exchange, a financial market where futures contracts are traded * ''Futures'' (magazine), an American finance magazine Music * ''Futures'' (album), a ...

brokerage, as well as

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 ...

corporate finance Corporate finance is the area of finance that deals with the sources of funding, the capital structure of corporations, the actions that managers take to increase the Value investing, value of the firm to the shareholders, and the tools and anal ...

, M&A,

asset management Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings ...

mutual fund A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities. The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV i ...

, and

private equity In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a ty ...

. Haitong 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 ...

in July 2007 and has a

market capitalization Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders. Market capitalization is equal to the market price per common share multiplied by t ...

of more than $17.9 billion.

History

Haitong was founded in 1988 in mainland China. In April 2012, it IPO'd 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. In 2015, Haitong Securities completed the purchase of BESI, the investment banking operations of Portuguese bank

Novo Banco novobanco is a Portuguese bank introduced on 4 August 2014 by the Bank of Portugal to rescue assets and liabilities of Banco Espírito Santo (BES). BES was the second largest private financial institution in Portugal in terms of net assets, as wel ...

. In 2019, Haitong Securities Co., Ltd. appoints Mao Yuxing as Deputy General Manager. On July 24, 2021, the China Securities Regulatory Commission released the "2021 Securities Company Classification Results", in which Haitong Securities was rated BBB, a significant decrease from the AA level in 2020.

Business areas

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

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

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

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.

References

External links

Haitong Securities Company Limited
{{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 1988 Companies based in Shanghai Investment banks in China Private equity firms of China Government-owned companies of China Financial services companies of China H shares