- Company Profile
Haitong Securities Co., Ltd. ("Haitong Securities" or "Haitong") was founded in 1988 as one of the earliest securities companies that have not been renamed and did not receive capital injection. The predecessor of the Company is Shanghai Haitong Securities Company. It was converted into a limited liability company in 1994 and later developed into a national securities company. At the end of 2001, the Company became a joint stock company. In 2002, the Company raised additional capital by issuing addition shares and the registered capital increased to RMB8.734bn, which made it the full-service securities company with the largest amount of capital in the Chinese securities sector. In 2005, the Company successfully took over Gansu Securities and Xingan Securities to achieve fast expansion at a low cost. In the same year, the Company became a securities firm in the pilot financial innovation program. In 2007, Haitong Securities was listed at Shanghai Stock Exchange and concluded the private placement. In April 2012, it was listed at the Stock Exchange of Hong Kong Limited and the registered capital of the Company grew to RMB9.584bn. Since 2007, the total assets and net assets of the Company have always ranked number two in the Chinese securities sector. During many years of development, Haitong Securities has always upheld its business principles of "being pragmatic, industrious, firm and outstanding" and the guidelines of "standardized management, active market development, steady operations and improved efficiency". It has lived up to its name in risk control field by honoring its "steady and even conservation" commitment and implemented its management objectives of "first-class management, first-class talent, first-class services and first-class efficiency". As a result, the Company has made remarkable progress in economic and social efficiency.
The Company has a solid brokerage business foundation and has set up 300 business branches overseas. The Company now has 5mn retail clients and over 12,000 institutional and high net worth clients. The total assets of its clients have exceeded RMB1tn. The total turnover of its brokerage business is taking the lead in the market. Meanwhile, the Company has been committed to developing internet securities business and has established five online platforms, including online account-opening service, an online business office, an online shopping mall, a WeChat account and APP, which enable its clients to enjoy financial services, such as trading, wealth management, investing, financing and payment through internet and mobile terminals.
The Company has strong influence in the investment banking market. With professional service, impressive innovation and strong pricing power, it provides customized and all-round financing solutions to its clients. It has also earned a high reputation for its role in IPO underwriting for financial and high-tech companies, SOE reforms and M&A among cultural and media companies. It takes the lead in the design and innovation of bonds and issued the first enterprise bond with renewal option in China. In addition, it is among the first batch of securities companies qualified for New OTCBB business and takes a leading role in New OTCBB market marketing business.
The innovative business of the Company is also taking a lead in the market. The Company was among the first batch of companies to obtain the innovative business qualifications, including margin financing and securities lending business, agreed buy-back securities transaction, brokerage-over-the-counter business, insurance fund management, independent trusteeship of partnership enterprises, futures assets management and RQFLP. It also takes the lead in OTC business, and its capital intermediary businesses, such as margin trading and short selling, share pledge financing and return swap, have grown rapidly.
The Company has been actively pushing forward the development of the financial conglomerate and developed itself into a financial conglomerate with securities business as the core and a broad range of businesses including securities, futures, direct equity investment, fund management and financial leasing. It owns one direct investment company (Haitong Capital Investment Co., Ltd) and controls six equity investment management subsidiaries including Haitong-Fortis Private Equity Fund Management Co., Ltd, Haitong-Jihe Equity Investment Fund Management Co., Ltd, Haitong Innovative Capital Management Co., Ltd, Haitong New Energy Capital Management Co., Ltd, Haitong Creative Capital Management Co., Ltd, and Haitong Buyout Capital Management Co., Ltd. The Company is now taking the lead in the private equity investment field in the Chinese securities sector and built a famous brand in the Chinese private equity investment sector. It owns several specialized asset management subsidiaries including Shanghai Haitong Securities Assets Management Co., Ltd, Fortis-Haitong Investment Management Co., Ltd and Fullgoal Fund Management Co., Ltd and the total assets under its management amount to over RMB500bn. Meanwhile, the Company has set up Haitong Innovative Securities Investment Co., Ltd and developed it into a professional platform for alternative investment. The Company has controlled Haitong Futures Co., Ltd, whose futures transaction volume and market share have both ranked number three in the market. Haitong Futures has been rated an AA Class Futures Company. In 2013, the Company acquired UT Capital Group Co., Limited and became the first broker that set foot in the financial leasing business.
The Company has been actively pursuing its international strategy and successfully acquired Taifook Securities, an old-brand securities firm in Hong Kong. Taifook Securities was renamed as "Haitong International Securities Group Co., Ltd. to actively facilitate the integration of domestic and overseas businesses and focus on building business platforms for overseas development. Haitong International Securities Group Co., Ltd. has maintained its leading position in the sector of RMB products in Hong Kong, and is one of first companies obtaining the QFII qualification. It also has completed numerous IPO projects and has been named "King of IPO" in Hong Kong market. On April 27, 2012, the Company was listed at the Stock Exchange of Hong Kong Limited with a raised capital of HKD14.38bn, the largest IPO for a securities company in the history of Hong Kong, which attracted many long-term investment institutions of international importance, improved its governance structure, lifted its international recognition and brand influence and laid a solid foundation for developing overseas businesses and speeding up the internationalization process. In Dec 2014, the Company acquired Banco Espírito Santo de Investimento,S.A, improving its overseas business and deepening the international strategy.
Looking into the future, Haitong Securities will further improve its strategic layout, create a client demand-oriented business model, shape a diversified service system, establish a uniform and high-efficiency backup system, further improve competitiveness of the traditional businesses, speed up innovation and transition speed, continue to optimize income structure, increase risk-fending capacity and write a new chapter for the development of the Chinese securities market and Shanghai International Financial Center.
TEL:(86 21)95553 4008888001
Address:Haitong Securities Tower, 689 Guangdong Road, Shanghai, P.R.China