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China Galaxy Securities

China Galaxy Securities Co., Ltd. is a Chinese state-owned brokerage and investment bank.

It raised US$1.1 billion on the Stock Exchange of Hong Kong in its debut in May 2013.[1] In January 2015, the company announced plans to issue new shares worth US$2.3 billion on HKSE.[2] On 21 April 2015, the company announced in a HKSE filing its plans to raise another US$3.1 billion by selling 2 billion new shares.[3]

Since June 2017, it was part of Shanghai Stock Exchange's blue chip index: SSE 50 Index.[4]

History

China Galaxy Securities was founded on January 26, 2007, with a capital of RMB 6 billion. Major contribution of fund was from Galaxy Financial Holdings which took up 99.89% of issued capital, with the remaining 0.11% being taken up by four promoters: Beijing Tsinghua Venture Capital (currently known as Qingyuan Defeng), Chongqing Water, China General and CNBM.[5]

Management Board

The board of directors consist of 11 members, of which 2 are executive Directors, 5 non-executive Directors and 4 independent non-executive Directors. Directors are elected on 3-year term.[6]

See also

  • Securities industry in China

External links

References

  1. Elzio Barreto. China Galaxy IPO raises $1.1 billion, priced for first day pop Reuters, May 15, 2013, retrieved 2015-03-21^
  2. Shuli Ren. China Galaxy Securities Plans $2.3 Billion Sale, Diluting Shareholders' Return Barrons, January 20, 2015, retrieved 2015-03-21^
  3. Galaxy Securities $3.1 Billion Sale to Fuel China Margin Trading Bloomberg, 28 April 2015, retrieved 28 April 2015^
  4. http://www.sse.com.cn/market/sseindex/diclosure/c/c_20170531_4318582.shtml Shanghai Stock Exchange, 31 May 2017, retrieved 30 October 2017^
  5. Company Corporate Information Retrieved 2018-05-23^
  6. Investor relation Retrieved 2018-05-23^