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GF Securities
Chinese Securities Brokerage From Wikipedia, the free encyclopedia
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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. By mid-2020, it was among China's four largest securities firms, together with CITIC Securities, Guotai Junan Securities, and Haitong Securities.[2]
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History
The securities department of China Guangfa Bank was established on 9 April 1991.[1][3] 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][4]
On 5 August 2015, GF Securities paid $40 million to purchase Natixis' commodities trading unit.[5]
On 10 April 2015, GF Securities listed on the Hong Kong Stock Exchange.[1][6]
In April 2023, the China Securities Regulatory Commission filed a case against GF Securities for the inadequate review of a shares issuance.[7]
In June 2023, GF Securities announced it would acquire a 20.2% stake in Value Partners.[8]
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[9]
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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.[1]
See also
References
External links
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