GF Securities

GF Securities Co., Ltd.
	Headquarters at GF Securities Tower
Native name	广发证券股份有限公司
Formerly	Guangfa Securities
Company type	Public
Traded as	SZSE: 000776 (A share); SEHK: 1776 (H share)
Industry	Financial services
Founded	September 8, 1991; 33 years ago
Headquarters	GF Securities Tower, Guangzhou, Guangdong, People's Republic of China
Key people	Lin Chuanhui (Chairman)
Services	Securities brokerage; Investment banking; Investment management
Revenue	CN¥38.86 billion (FY 2021)
Net income	CN¥12.00 billion (FY 2021)
Total assets	CN¥535.86 billion (FY 2021)
Total equity	CN¥535.86 billion (FY 2021)
Owners	HKSCC Nominees Limited (22.31%); Jilin Aodong Medicine (16.43%); Liaoning Chengda (16.40%)
Number of employees	13,174 (FY 2021)
Subsidiaries	E Fund Management Co., Ltd
Website	www.gf.com.cn
	Footnotes / references;

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. 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]

References

^ ^a ^b ^c ^d ^e ^f ^g "Annual Report 2021" (PDF).
^ Wang Juanjuan, Wu Hongyuran & Guo Yingzhe (1 July 2020). "In Depth: China Prepares to Tear Down 25-Year Bank-Brokerage Divide". Caixin.
^ "GF Securities | Company Overview & News". Forbes. Retrieved 17 September 2022.
^ "GF Securities achieves back-door listing". 25 April 2020. Archived from the original on 25 April 2020. Retrieved 17 September 2022.
^ "Natixis sells commods trading arm to GF Securities-spox". Reuters. 5 August 2013. Retrieved 17 September 2022.
^ "GF Securities shares surge in grey market". South China Morning Post. 9 April 2015. Retrieved 17 September 2022.
^ "GF Securities investigated for inadequate due diligence amid IPO reform roll-out". South China Morning Post. 18 April 2023. Retrieved 24 June 2023.
^ Blott, Thomas (5 June 2023). "Value Partners seals strategic investment from GF Securities". Fund Selector Asia. Retrieved 24 June 2023.
^ "GF SECURITIES CO., LTD. : Shareholders Board Members Managers and Company Profile | CNE0000008L2 | MarketScreener". www.marketscreener.com.

External links

Official site

[AR21-1] ^ ^a ^b ^c ^d ^e ^f ^g "Annual Report 2021" (PDF).

[2] Wang Juanjuan, Wu Hongyuran & Guo Yingzhe (1 July 2020). "In Depth: China Prepares to Tear Down 25-Year Bank-Brokerage Divide". Caixin.

[3] "GF Securities | Company Overview & News". Forbes. Retrieved 17 September 2022.

[4] "GF Securities achieves back-door listing". 25 April 2020. Archived from the original on 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] Blott, Thomas (5 June 2023). "Value Partners seals strategic investment from GF Securities". Fund Selector Asia. Retrieved 24 June 2023.

[9] "GF SECURITIES CO., LTD. : Shareholders Board Members Managers and Company Profile | CNE0000008L2 | MarketScreener". www.marketscreener.com.

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GF Securities

History

Subsidiaries

See also

References

External links

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