GF Securities

GF Securities Co., Ltd.
Native name
广发证券股份有限公司
FormerlyGuangfa Securities
TypePublic
SZSE: 000776 (A share)
SEHK: 1776 (H share)
CSI Midcap 200
IndustryFinancial services
Founded8 September 1991; 35 years ago (1991-09-08)
Headquarters
GF Securities Tower, Guangzhou, Guangdong
,
People's Republic of China
Key peopleLin Chuanhui (Chairman)
ServicesSecurities brokerage
Investment banking
Investment management
RevenueIncrease CN¥38.86 billion (FY 2021)
Increase CN¥12.00 billion (FY 2021)
Total assetsIncrease CN¥535.86 billion (FY 2021)
Total equityIncrease CN¥535.86 billion (FY 2021)
OwnersHKSCC Nominees Limited (22.31%)
Jilin Aodong Medicine (16.43%)
Liaoning Chengda (16.40%)
Number of employees
Increase 13,174 (FY 2021)
SubsidiariesE Fund Management Co., Ltd
Websitewww.gf.com.cn
Footnotes

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.

History

The securities department of China Guangfa Bank was established on 9 April 1991. On 26 August 1999, the firm was spun-off as a separate company. On 25 July 2001, the firm changed its name to GF Securities.

GF Securities listed on the Shenzhen Stock Exchange on 12 February 2010, via a reverse takeover by Yan Bian Road Construction Co., Ltd.

On 5 August 2015, GF Securities paid $40 million to purchase Natixis' commodities trading unit.

On 10 April 2015, GF Securities listed on the Hong Kong Stock Exchange.

In April 2023, the China Securities Regulatory Commission filed a case against GF Securities for the inadequate review of a shares issuance.

In June 2023, GF Securities announced it would acquire a 20.2% stake in Value Partners.

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

Subsidiaries

E Fund Management, one of China's largest asset management companies is considered a subsidiary of GF Securities which holds 22.65% of its shares.

See also

References

  1. 1 2 3 4 5 6 7 "Annual Report 2021" (PDF).
  2. ↑ Wang Juanjuan, Wu Hongyuran & Guo Yingzhe (1 July 2020). "In Depth: China Prepares to Tear Down 25-Year Bank-Brokerage Divide". Caixin.
  3. ↑ "GF Securities | Company Overview & News". Forbes. Retrieved 17 September 2022.
  4. ↑ "GF Securities achieves back-door listing". 25 April 2020. Archived from the original on 25 April 2020. Retrieved 17 September 2022.
  5. ↑ "Natixis sells commods trading arm to GF Securities-spox". Reuters. 5 August 2013. Retrieved 17 September 2022.
  6. ↑ "GF Securities shares surge in grey market". South China Morning Post. 9 April 2015. Retrieved 17 September 2022.
  7. ↑ "GF Securities investigated for inadequate due diligence amid IPO reform roll-out". South China Morning Post. 18 April 2023. Retrieved 24 June 2023.
  8. ↑ Blott, Thomas (5 June 2023). "Value Partners seals strategic investment from GF Securities". Fund Selector Asia. Retrieved 24 June 2023.
  9. ↑ "GF SECURITIES CO., LTD. : Shareholders Board Members Managers and Company Profile | CNE0000008L2 | MarketScreener". www.marketscreener.com.