Huatai Securities (HTSC) is a securities company 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 Nanjing, China.
Background
Huatai Securities was established on 9 April 1991 in with a registered share capital of RMB 10 million. It was originally named Jiangsu Securities Company until it was renamed to Huatai Securities in 1999.[3][4][5]
In 2008, Huatai Securities received approval from the China Securities Regulatory Commission to be a Qualified Domestic Institutional Investor.[6]
On 26 February 2010, Huatai Securities was listed on the Shanghai Stock Exchange with the stock code of 601688.[3][7]
On 1 June 2015, the H shares of Huatai Securities were listed on the Hong Kong Stock Exchange with the stock code of 6886.[4][8]
In 2016, Huatai Securities acquired AssetMark, a wealth management technology provider from Aquiline Capital Partners and Genstar Capital for $780 million in cash.[9]
In January 2018, the China Securities Regulatory Commission granted Huatai Securities permission to perform proprietary trading in overseas markets.[10]
On 17 June 2019, global depository receipts of Huatai Securities were listed on London Stock Exchange with the stock code of HTSC.[11][12]
In June 2020, Huatai Securities launched Zhangle Global, a US stock trading mobile app that targeted Chinese living overseas.[13]
See also
- Securities industry in China
External links
References
- Huatai Securities Forbes, retrieved 28 March 2021^
- Annual Report 2022 HKEX^
- Huatai Securities Shanghai IPO priced at low end theasset.com, retrieved 15 July 2023^
- VOLUME XVII No. 114 www.tolfin.com, 30 May 2015, retrieved 15 July 2023^
- Huatai Securities Co., Ltd. 華泰證券股份有限公司 webb-site.com, retrieved 28 March 2021^
- Three more brokers secure QDII approval South China Morning Post, 10 January 2008, retrieved 28 March 2021^
- 华泰证券(601688)公司资料_新浪财经_新浪网 11 December 2014, retrieved 28 March 2021^
- Prudence Ho. Huatai Up on Hong Kong Trading Debut Wall Street Journal, 1 June 2015, retrieved 28 March 2021^
- China's Huatai Securities acquires tech provider AssetMark InvestmentNews, 12 April 2016, retrieved 28 March 2021^
- China broker gets go-ahead to invest overseas with own funds South China Morning Post, 8 January 2018, retrieved 15 July 2023^
- Huatai Securities blazes trail for Chinese companies seeking bigger global reach South China Morning Post, 19 June 2019, retrieved 15 July 2023^
- Pamela Barbaglia. Chinese brokerage Huatai prices London listing at bottom of range Reuters, 14 June 2019, retrieved 28 March 2021^
- Huatai Securities targets overseas Chinese retail traders South China Morning Post, 19 June 2020, retrieved 15 July 2023^