Huatai Securities
 | |
Native name | 华泰证券股份有限公司 |
|---|---|
| Type | Public |
| SSE: 601688 (A share) SEHK: 6886 (H share) LSE: HTSC (GDR) | |
| Industry | Financial services |
| Founded | April 9, 1991 |
| Headquarters | , |
Key people | Wei Zhang (Chairman) Yi Zhou (CEO)[1] |
| Services | Securities brokerage Investment banking Investment management |
| Revenue |  CN¥40.53 billion (2020) [2] |
| CN¥10.82 billion (2020)[2] | |
| Total assets | CN¥716.75 billion (2020)[2] |
| Total equity | CN¥132.31 billion (2020)[2] |
Number of employees | 10,211 (2020)[1] |
| Subsidiaries | Huatai International |
| Website | www |
Huatai Securities (Chinese: 华泰证券) 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 Nanjing, China.
History[]
Huatai Securities was established in 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]
In 2008, Huatai Securities received approval from the China Securities Regulatory Commission to be a Qualified Domestic Institutional Investor.[4]
In 26 February 2010, Huatai Securities was listed on the Shanghai Stock Exchange with the stock code of 601688.[5]
In 1 June 2015, the H Shares of Huatai Securities were listed on the Hong Kong Stock Exchange with the stock code of 6886.[6]
In 2016, Huatai Securities acquired AssetMark, a wealth management technology provider from Aquiline Capital Partners and Genstar Capital, for $780 million in cash.[7]
In 17 June 2019, Global depository receipts of Huatai Securities were listed on London Stock Exchange with the stock code of HTSC.[8]
Business areas[]
The main businesses of Huatai Securities include wealth management, institutional services, investment management, and international business.[1][9]
Wealth management[]
Mainly securities brokerage and financial products sales. Platforms include Desktop PC and Mobile apps.
Institutional services[]
- Investment banking (includes ECM, DCM, financial advisory etc.)
- Prime brokerage
- Research and institutional sales (mainly Securities research as well as promoting and selling securities to Institutional Clients)
- Investment and trading (includes equity trading, FICC trading and OTC derivative transactions)
Investment management[]
Mainly consists of providing asset management services to Financial institutions.
International business[]
The international business covers various countries and regions such as Hong Kong and the United States. This is done through the subsidiary, Huatai International.
Principal subsidiaries[]
As of 30 December 2019:[10]
| Company name | Shareholding
percentage |
| Huatai United Securities Co., Ltd. | 99.92% |
| Huatai Securities (Shanghai) Asset Management Co., Ltd. | 100% |
| Huatai Purple Gold Investment Co., Ltd. | 100% |
| Huatai International Financial Holdings Company Limited | 100% |
| Huatai Innovative Investment Co., Ltd. | 100% |
| Huatai Futures Co., Ltd. | 60% |
| Jiangsu Equity Exchange Co., Ltd. | 52% |
| China Southern Asset Management Co., Ltd. | 41.16% |
| Huatai-PineBridge Fund Management Co., Ltd. | 49% |
| Bank of Jiangsu Co., Ltd. | 5.54% |
[]
As of 30 December 2019, the top ten substantial shareholders are as follows:[9]
| Name of shareholder (in full name) | No. of Shares | Percentage of Total Shares |
| HKSCC Nominees Limited | 1,605,955,527 | 17.6933% |
| Jiangsu Guoxin Investment Group Limited | 1,329,224,036 | 14.6444% |
| Jiangsu Communications Holding Co,Ltd. | 489,065,418 | 5.3882% |
| Govtor Capital Group Co,Ltd. | 356,233,206 | 3.9247% |
| Alibaba(China)Technology Co,Ltd. | 268,199,233 | 2.9548% |
| Essence Securities China Merchants Bank Essence Securities Dingzengbao No.1 Collective Asset Management Program | 247,545,593 | 2.7273% |
| China Securities Finance Corporation Limited | 246,720,811 | 2.7182% |
| Citibank, National Association | 200,090,700 | 2.2045% |
| Hong Kong Securities Clearing Company Limited | 161,762,390 | 1.7822% |
| Suning.com Co,Ltd. | 140,773,940 | 1.5509% |
References[]
- ^ a b c "Huatai Securities". Forbes. Retrieved 2021-03-28.
- ^ a b c d "2020 Annual Results Presentation". HTSC.
- ^ "Huatai Securities Co., Ltd. 華泰證券股份有限公司". webb-site.com. Retrieved 2021-03-28.
- ^ "Three more brokers secure QDII approval". South China Morning Post. 10 January 2008. Retrieved 2021-03-28.
- ^ "华泰证券(601688)公司资料_新浪财经_新浪网". 2014-12-11. Archived from the original on 2014-12-11. Retrieved 2021-03-28.
- ^ Ho, Prudence (2015-06-01). "Huatai Up on Hong Kong Trading Debut". Wall Street Journal. ISSN 0099-9660. Retrieved 2021-03-28.
- ^ "China's Huatai Securities acquires tech provider AssetMark". InvestmentNews. 2016-04-12. Retrieved 2021-03-28.
- ^ Barbaglia, Pamela (2019-06-14). "Chinese brokerage Huatai prices London listing at bottom of range". Reuters. Retrieved 2021-03-28.
- ^ a b "Investor Relations". www.htsc.com.cn. Retrieved 2021-03-28.
- ^ "2019 Annual Report" (PDF). HKEX.
External links[]
- Companies in the SSE 50 Index
- Companies listed on the Shanghai Stock Exchange
- Companies in the CSI 100 Index
- Companies listed on the Hong Kong Stock Exchange
- Financial services companies established in 1991
- Companies based in Nanjing
- Investment banks in China
- Financial services companies of China
- H shares
- Companies listed on the London Stock Exchange