Haitong International Securities Group Limited known as Haitong International is an international financial institution with established presence in Hong Kong and a rapidly expanding network across the globe. It strives to serve as a bridge linking up the Chinese and overseas capital markets. The parent company of Haitong International is Guotai Haitong Securities Co., Ltd (“Guotai Haitong Securities”). It was known as Tai Fook Securities which was owned by

Chow Tai Fook Chow Tai Fook group is a Hong Kong–based, privately-owned conglomerate with holdings in the jewellery, property development, hotel, department store, transportation, energy, telecommunications, port, casino, and other businesses. Despite th ...

–

New World Development New World Development Company Limited (NWD) is a Hong Kong–based company focused on property, hotels, infrastructure and services and department stores. It was established on 29 May 1970 by Cheng Yu-tung. The company is publicly listed on t ...

group until 2009.

History

Tai Fook Securities era

When the firm was known as Tai Fook Securities, it was accused that the firm lowered its commission below

Stock Exchange of Hong Kong 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 9th largest globally by market capitalization as of August 20 ...

's minimum, by gifts from sister companies

Chow Tai Fook Jewellery Chow Tai Fook group is a Hong Kong–based, privately-owned conglomerate with holdings in the jewellery, property development, hotel, department store, transportation, energy, telecommunications, port, casino, and other businesses. Despite the ...

and

New World Telephone New World Telecommunications Limited (abb. NWT) also known as New World Telecom, was a fixed line provider of Hong Kong S.A.R., China. It was a subsidiary of New World Development, via New World Telephone Holdings; New World Telecommunications ...

in 1999.

Haitong International Securities Group era

Tai Fook Securities was then takeover by the Chinese firm

Haitong Securities Haitong Securities was a securities firm in China, providing services in stocks and futures brokerage, as well as investment banking, corporate finance, M&A, asset management, mutual fund, and private equity. Haitong was listed on the Shanghai ...

in 2009. Haitong Securities paid HK$1.82 billion to acquire the controlling stake of Tai Fook Securities from

NWS Holdings CTF Services Limited (), () is a conglomerate with a diversified portfolio of market-leading businesses, predominantly in Hong Kong and the Mainland under Chow Tai Fook Enterprise (CTFE). Operating businesses include toll roads, insurance, logi ...

. After the takeover, Tai Fook Securities was renamed to Haitong International Securities Group. Haitong International is the first Chinese financial institution in Hong Kong to have been assigned a “BBB” long-term credit rating by

Standard and Poor's S&P Global Ratings (previously Standard & Poor's and informally known as S&P) is an American credit rating agency (CRA) and a division of S&P Global that publishes financial research and analysis on stocks, bonds, and commodities. S&P is cons ...

. In November 2016 Haitong International Securities acquired Haitong Securities India from

Haitong Bank Haitong Securities was a securities firm in China, providing services in stocks and futures brokerage, as well as investment banking, corporate finance, M&A, asset management, mutual fund, and private equity. Haitong was listed on the Shangh ...

, a sister company that formerly known as Banco Espírito Santo de Investimento.

References

External links

* Financial services companies of Hong Kong Financial services companies established in 1973 Chinese brands 1973 establishments in Hong Kong {{HongKong-company-stub