GF Securities

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.

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)
IndustryFinancial services
FoundedSeptember 8, 1991 (1991-09-08)
Headquarters
GF Securities Tower, Guangzhou, Guangdong
,
People's Republic of China
Key people
Lin 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 / references
[1]

History

The securities department of China Guangfa Bank was established on April 9, 1991.[1][2] On August 26, 1999, the firm was spun-off as a separate company.[1] On July 25, 2001, the firm changed its name to GF Securities.[1]

GF Securities listed on the Shenzhen Stock Exchange on February 12, 2010 via a reverse takeover by Yan Bian Road Construction Co., Ltd.[1][3]

On August 5, 2015, GF Securities paid $40 million to purchase Natixis' commodities trading unit.[4]

On April 10, 2015, GF Securities listed on the Hong Kong Stock Exchange.[1][5]

In April 2023, the China Securities Regulatory Commission filed a case against GF Securities for the inadequate review of a shares issuance.[6]

In June 2023, GF Securities announced it would acquire a 20.2% stake in Value Partners.[7]

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 [8]

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.[1]

See also

References
  1. "Annual Report 2021" (PDF).
  2. "GF Securities | Company Overview & News". Forbes. Retrieved 2022-09-17.
  3. "GF Securities achieves back-door listing". 2020-04-25. Archived from the original on 2020-04-25. Retrieved 2022-09-17.
  4. "Natixis sells commods trading arm to GF Securities-spox". Reuters. 2013-08-05. Retrieved 2022-09-17.
  5. "GF Securities shares surge in grey market". South China Morning Post. 2015-04-09. Retrieved 2022-09-17.
  6. "GF Securities investigated for inadequate due diligence amid IPO reform roll-out". South China Morning Post. 2023-04-18. Retrieved 2023-06-24.
  7. Blott, Thomas (2023-06-05). "Value Partners seals strategic investment from GF Securities". Fund Selector Asia. Retrieved 2023-06-24.
  8. "GF SECURITIES CO., LTD. : Shareholders Board Members Managers and Company Profile | CNE0000008L2 | MarketScreener". www.marketscreener.com.
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