Haitong Securities Co. (SSE: 600837, SEHK: 6837) is a major securities firm in China.
It provides services in stocks and futures brokerage, as well as investment banking, corporate finance, M&A, asset management, mutual fund, and private equity.
It was listed in Shanghai Stock Exchange in July 2007 through backdoor listing, and its market capitalization was worth more than $17.9 billion. In April 2012, it IPO'd successfully, 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.
Haitong Securities Co., Ltd. (hereinafter referred to as “Haitong Securities” or “Haitong”) was founded in 1988 as one of the earliest securities companies and is one of securities companies boasting strongest comprehensive strength in mainland China. Its business covers complete financial services including brokerage, investment banking, M&A, asset management, funds, margin trading & short selling,futures and PE investment. In 2007, Haitong (600837.SH) officially went public in Shanghai Stock Exchange and successfully completed the private placement. It ranks the second place in the sector in terms of total asset and net asset, with the net asset reaching RMB 45 bn by the end of 2011. The company has 220 securities offices nationwide, 4mn retail customers, over 10,000 institutional and high-end customers, and customers’ assets up to nearly RMB 1 trillion. Haitong enjoys a leading position in the sector in terms of innovation business, and maintains its No.1 ranking in the market as one of first pilot securities companies for margin trading & short selling and securities. In terms of stock index futures, the company achieves rapid growth and ranks NO.1 in the sector. Haitong is among the first batch of companies obtaining a qualification of agreed buy-back securities transaction, and is qualified to conduct securities pledge-style repo.
In terms of investment banking, Haitong Securities has established its own brand, especially in the financial and high-tech enterprise underwritings as well as M&A and restructuring of cultural media enterprises. With rich experience in serving small- and medium-sized enterprises and private enterprises, the company has accumulated a strong client base. The company’s PE investment business features an early start, rapid growth and rich project experience, and has created profitable returns for investors. As the earliest securities company engaged in PE investment in mainland China, Haitong wholly owns or obtains controlling shareholding of four PE investment fund management companies including Haitong Capital Investment Co., Ltd. and Haitong-Fortis Private Equity Fund Management Co., and has established a well-known brand in the domestic PE investment sector.
Under the guidance of the internationalization strategy, Haitong has realized stable development of international securities business. Haitong has put emphasis on business of QFII, cross-border mergers, RMB funds and cross-border ETF. Haitong is in the leading in China in terms of QFII business indicators like customer size and assets scale, and ranks among top three companies in the sector by QFII transaction amount. The company successfully purchased Taifook Securities, an old-brand securities broker in Hong Kong. Taifook Securities was renamed as “Haitong International Securities Group Co., Ltd. to actively facilitate the integration of domestic and overseas businesses, focus on building business platforms for overseas development. Haitong International Securities Group Co., Ltd. has maintained a leading position in the sector of RMB products in Hong Kong, and is one of first companies obtaining a RQFII qualification. Haitong always strives to set up a financial holding group with international presence. The company initiated the establishment of Fortis-Haitong Investment Management Co., Ltd., Haitong-Fortis Private Equity Fund Management Co., Haitong Capital Investment Co., Ltd. and Haitong International Holdings Limited., and obtained controlling shareholding of Haitong Futures Co., Ltd.
During the years of development, Haitong has been consistently following the operation philosophy of “Practicability, Innovation, Prudence and Excellence” and pursuing the operation and management goal of “First-Class Management, First-Class Talent, First-Class Service and First-Class Profitability”, and in recent years has accomplished outstanding economic and social achievements and pooled a large number of high-caliber professionals with great vitality. In the future, the Company will adhere to “human-oriented, innovation-driven and transformation” to promote all of its businesses to a new stage.