Haitong Securities
 | |
| Company type | Public |
|---|---|
| SSE:600837 SEHK: 6837 | |
| Industry | Securities |
| Founded | 1988 |
| Defunct | 2025 |
| Fate | Merged into Guotai Jun'an Securities |
| Headquarters | , |
Area served | People's Republic of China |
| Owner | Mr. Wang Kaiguo |
| Subsidiaries | Haitong International |
| Website | Haitong Securities Company Limited |
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 Stock Exchange in July 2007 and has a market capitalization of more than $17.9 billion.[1] By mid-2020, it was among China's four largest securities firms, together with CITIC Securities, Guotai Junan Securities, and GF Securities.[2]
History
[edit]Haitong was founded in 1988 in mainland China. In April 2012, it IPO'd after two tries (December 2011 was cancelled due to market conditions), in Hong Kong. It began trading in the Hong Kong Stock Exchange on April 27, 2012.
In 2015, Haitong Securities completed the purchase of BESI, the investment banking operations of Portuguese bank Novo Banco.[3]
In 2019, Haitong Securities Co., Ltd. appoints Mao Yuxing as Deputy General Manager.[citation needed]
On July 24, 2021, the China Securities Regulatory Commission released the "2021 Securities Company Classification Results", in which Haitong Securities was rated BBB, a significant decrease from the AA level in 2020.[4][5]
In September 2024, Guotai Jun'an Securities announced it will merge with Haitong. On 4 March 2025, Haitong A and H shares were delisted from Shanghai and Hong Kong Stock Exchanges.[6] The merger was completed in April 2025.[7]
See also
[edit]References
[edit]- ^ Bloomberg.com: Asia
- ^ Wang Juanjuan, Wu Hongyuran & Guo Yingzhe (1 July 2020). "In Depth: China Prepares to Tear Down 25-Year Bank-Brokerage Divide". Caixin.
- ^ Bugge, Axel (2015-09-07). "UPDATE 1-Portugal's Novo Banco completes BESI sale to China's Haitong". uk.reuters.com. Archived from the original on December 3, 2017. Retrieved 2020-08-11.
- ^ "券商新座次表出炉：兴业证券等3家新晋AA，海通跌出A类". www.yicai.com. Retrieved 2022-08-08.
- ^ "百家券商分类榜单出炉，海通证券降BBB级、恒泰国都连降四级|界面新闻 · JMedia". www.jiemian.com. Retrieved 2022-08-08.
- ^ "JOINT ANNOUNCEMENT IN RELATION TO THE WITHDRAWAL OF LISTING OF HAITONG H SHARES AND HAITONG A SHARES" (PDF). Hong Kong Exchanges and Clearing. Retrieved 11 April 2025.
- ^ "Flagship Guotai Haitong Securities begins trading after merger". SHINE. Retrieved 11 April 2025.
External links
[edit]
- 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 1988
- Companies based in Shanghai
- Investment banks in China
- Private equity firms of China
- Government-owned companies of China
- Financial services companies of China
- H shares
- 1988 establishments in Shanghai
- 2024 mergers and acquisitions
- 2025 disestablishments in China