GF Securities ()is a

securities A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any for ...

firm in

China China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...

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 Guangzhou, Chinese postal romanization, previously romanized as Canton or Kwangchow, is the Capital city, capital and largest city of Guangdong Provinces of China, province in South China, southern China. Located on the Pearl River about nor ...

. By mid-2020, it was among China's four largest securities firms, together with CITIC Securities, Guotai Junan Securities, and Haitong Securities.

History

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

Shenzhen Stock Exchange The Shenzhen Stock Exchange (SZSE; ) is a stock exchange based in the city of Shenzhen, in the People's Republic of China. It is one of three stock exchanges operating independently in Mainland China, the others being the Beijing Stock Excha ...

on 12 February 2010, via a

reverse takeover A reverse takeover (RTO), reverse merger, or reverse IPO is the acquisition of a public company by a private company so that the private company can bypass the lengthy and complex process of going public. Sometimes, conversely, the public compa ...

by Yan Bian Road Construction Co., Ltd. On 5 August 2015, GF Securities paid $40 million to purchase

Natixis BPCE (for Banque Populaire Caisse d'Epargne) is a major French banking group formed by the 2009 merger of two major retail banking groups, Groupe Caisse d'Épargne and Groupe Banque Populaire. As of 2021, it was France's fourth-largest bank, t ...

' commodities trading unit. On 10 April 2015, GF Securities listed on the

Hong Kong Stock Exchange The Stock Exchange of Hong Kong (, SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. It is one of the largest stock exchanges in Asia and the List of major stock exchanges, 9th largest globally by market ...

. In April 2023, the

China Securities Regulatory Commission The China Securities Regulatory Commission (CSRC) is a government agency directly under the State Council of the People's Republic of China. It is the main regulator of the securities industry in China. History Indicative of the role of the C ...

filed a case against GF Securities for the inadequate review of a shares issuance. In June 2023, GF Securities announced it would acquire a 20.2% stake in Value Partners. 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

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.

References

External links

Official site
{{authority control Companies listed on the Shenzhen Stock Exchange Companies listed on the Hong Kong Stock Exchange Financial services companies established in 1991 Companies based in Guangzhou Investment banks in China Financial services companies of China H shares 1991 in Guangzhou

History

Subsidiaries

See also

References

External links