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.

GF Securities Co., Ltd.
Native name
广发证券股份有限公司
FormerlyGuangfa Securities
Company typePublic
SZSE: 000776 (A share)
SEHK1776 (H share)
IndustryFinancial services
FoundedSeptember 8, 1991; 32 years ago (1991-09-08)
Headquarters,
Key people
Lin Chuanhui (Chairman)
ServicesSecurities brokerage
Investment banking
Investment management
RevenueIncrease CN¥38.86 billion (FY 2021)
Increase CN¥12.00 billion (FY 2021)
Total assetsIncrease CN¥535.86 billion (FY 2021)
Total equityIncrease CN¥535.86 billion (FY 2021)
OwnersHKSCC Nominees Limited (22.31%)
Jilin Aodong Medicine (16.43%)
Liaoning Chengda (16.40%)
Number of employees
Increase 13,174 (FY 2021)
SubsidiariesE Fund Management Co., Ltd
Websitewww.gf.com.cn
Footnotes / references
[1]

History edit

The securities department of China Guangfa Bank was established on 9 April 1991.[1][2] 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][3]

On 5 August 2015, GF Securities paid $40 million to purchase Natixis' commodities trading unit.[4]

On 10 April 2015, GF Securities listed on the Hong Kong Stock Exchange.[1][5]

In April 2023, the China Securities Regulatory Commission filed a case against GF Securities for the inadequate review of a shares issuance.[6]

In June 2023, GF Securities announced it would acquire a 20.2% stake in Value Partners.[7]

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[8]

Subsidiaries edit

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 edit

References edit

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

External links edit