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GF Securities

GF Securities 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.[2]

History

The securities department of China Guangfa Bank was established on 9 April 1991.[1][3] On 26 August 1999, the firm was spun-off as a separate company.[1] On 25 July 2001, the firm changed its name to GF Securities.[1]

GF Securities listed on the Shenzhen Stock Exchange on 12 February 2010, via a reverse takeover by Yan Bian Road Construction Co., Ltd.[1][4]

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

On 10 April 2015, GF Securities listed on the Hong Kong Stock Exchange.[1][6]

In April 2023, the China Securities Regulatory Commission filed a case against GF Securities for the inadequate review of a shares issuance.[7]

In June 2023, GF Securities announced it would acquire a 20.2% stake in Value Partners.[8]

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[9]

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

  • Securities industry in China

External links

References

  1. Annual Report 2021^
  2. Wang Juanjuan, Wu Hongyuran & Guo Yingzhe. In Depth: China Prepares to Tear Down 25-Year Bank-Brokerage Divide Caixin, 2020/07/01^
  3. GF Securities Forbes, retrieved 17 September 2022^
  4. GF Securities achieves back-door listing 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. Thomas Blott. Value Partners seals strategic investment from GF Securities Fund Selector Asia, 5 June 2023, retrieved 24 June 2023^
  9. GF SECURITIES CO., LTD. : Shareholders Board Members Managers and Company Profile www.marketscreener.com^