Guotai Junan Securities

Last updated
Guotai Junan Securities
Company typePublic
SSE: 601211, SEHK:  2611
Industry Financial services
Founded1992;32 years ago (1992)
Headquarters Shanghai, China
Key people
YANG Dehong, Chairman of the Board
WANG Song, President
SHANG Hongbo, Chairman of the Supervisory Board [1]
Products Investment banking, asset management, prime brokerage, investment management, retail brokerage, commodities
RevenueIncrease2.svg RMB 35.2 billion(2020)
Increase2.svg RMB 15.0 billion(2020)
Increase2.svg RMB 11.1 billion(2020)
Total assets Increase2.svg RMB 702.9 billion(2020)
Total equity Increase2.svg RMB 146.2 billion(2020)
Website www.gtja.com

Guotai Junan Securities Co., Ltd. (GTJA) is a major securities firm in the People's Republic of China. [2] By mid-2020, it was among China's four largest securities firms, together with CITIC Securities, GF Securities, and Haitong Securities. [3]

Contents

Overview

Guotai Junan Securities Co. Ltd., was established on August 18, 1999 after the merger of former Guotai Securities Co. Ltd. (founded on September 10, 1992) and Junan Securities Co. Ltd. (founded on August 25, 1992), currently with registered capital of RMB 6.1 billion.

Guotai Junan is among the leading Chinese investment banks in terms of business coverage, agency distribution and customers served. Guotai Junan has 5 subsidiaries: Guotai Junan International Holdings Ltd. (registered in Hong Kong), Guotai Junan Futures Co., Ltd., Shanghai Guotai Junan Securities Asset Management Co., Ltd., GTJA Innovation Investment Co., Ltd. and Guotai Junan Allianz Fund Management Co., Ltd. The company has set up 26 branches, 193 securities outlets in 30 provinces, municipalities and autonomous regions across China.

Guotai Junan Securities during its 2017 Hong Kong H-Share IPO GuotaiJunanSecuritiesHongKongIPO.jpg
Guotai Junan Securities during its 2017 Hong Kong H-Share IPO

Innovation-wise, Guotai Junan has also been one of the Chinese financial industry's leaders. Its achievements have included: launching the first asset management business in 1993; being the first Mainland China securities company to initiate operations in Hong Kong in 1995; being the first among Chinese securities companies to establish a research institute in 1996; obtaining the first securities dealer qualification for agency share transfer and hosting offer in 2001. It was also among the first to have been approved to conduct QFII business in 2003; to serve as a primary dealer of the central bank open market, to become a market maker in the inter-bank bond market; being amongst the first companies that received QDII qualifications and financial futures business qualifications in 2007; taking the lead in getting the qualification for equity investment and futures IB business in 2008; obtaining the margin trading & securities lending qualification in 2010. In the same year, Guotai Junan International Holdings Limited, under the administration of Guotai Junan Financial Holding Co., Ltd. was listed in the Hong Kong Stock Exchange, becoming the first public enterprise under the ownership of a Mainland securities company in Hong Kong. In March 2011, Guotai Junan International Holdings was selected to become an Index constituent stock within the Hang Seng Hong Kong Composite Index, being the only constituent stock among the Chinese securities firms.

Guotai Junan was one of the first Chinese securities companies engaged in a variety of financial services. It was the exclusive financial consultant in managing the overall listing of SAIC Group: the first A+H IPO; the first bond product with a guaranteed floating return; the first asset-backed security product; and, the first non-guaranteed local enterprise bond. It has also been the first to introduce quantitative investment concepts and trading strategies, managing the first hedge fund in China. Guotai Junan is the first investment bank conducting cross-border business and the first one to gain approval for RQFII. Junhong Wealth Club, one of the leading brands in Chinese wealth management, is also operated by the bank.

During 2004–2011, the company has been top-ranked in World Brand Lab-China's 500 Most Valuable Chinese Securities Brands. Between 2008–2012, it obtained Class A AA-level according to the securities classification of the China Securities Regulatory Commission for five consecutive years.

Structure

Guotai Junan Securities and Guotai Junan International company structures Guotai Junan Company Structure.jpg
Guotai Junan Securities and Guotai Junan International company structures

Guotai Junan Securities is a partially state-owned enterprise, headquartered in Shanghai. The company's international business is managed through its Hong Kong subsidiary, Guotai Junan International. The parent company includes the following subsidiaries:

Business scope

See also

Related Research Articles

<span class="mw-page-title-main">Ping An Insurance</span> Chinese insurance company

Ping An Insurance known also as Ping An of China, full name Ping An Insurance (Group) Company of China, Ltd. is a Chinese financial services holding company whose subsidiaries provide insurance, banking, asset management, financial services. The company was founded in 1988 and is headquartered in Shenzhen. "Ping An" literally means "safe and well".

<span class="mw-page-title-main">Nomura Securities</span> Japanese financial services company

Nomura Securities Co., Ltd. is a Japanese financial services company and a wholly owned subsidiary of Nomura Holdings, Inc. (NHI), which forms part of the Nomura Group. It plays a central role in the securities business, the group's core business. Nomura is a financial services group and global investment bank. Based in Tokyo, Japan, with regional headquarters in Hong Kong, London, and New York, Nomura employs about 26,000 staff worldwide; it is known as Nomura Securities International in the US, and Nomura International plc. in EMEA. It operates through five business divisions: retail, global markets, investment banking, merchant banking, and asset management.

<span class="mw-page-title-main">Nomura Holdings</span> Financial holding company

Nomura Holdings, Inc. is a financial holding company and a principal member of the Nomura Group, which is Japan's largest investment bank and brokerage group. It, along with its broker-dealer, banking and other financial services subsidiaries, provides investment, financing and related services to individual, institutional, and government customers on a global basis with an emphasis on securities businesses.

Central Huijin Investment Co., Ltd. is a Chinese sovereign fund formerly owned by the government of the People's Republic of China. Established in 2003 by the People's Bank of China, five years later it became a wholly-owned subsidiary of China Investment Corporation, with its own Board of Directors and Board of Supervisors. Central Huijin's principal shareholder rights are exercised on behalf of the State Council. Central Huijin is an organization by which the Chinese government can act as a shareholder for the "big four" state-owned banks, thereby improving corporate governance and initiating reforms of the banking industry.

Fubon Bank Limited is a wholly owned subsidiary of Fubon Financial Holding Co., Ltd., one of the largest financial holding companies in Taiwan. Committed to becoming one of Asia’s first-class financial institutions, Fubon Financial Holdings has built a strong lineup of financial service companies. Fubon Bank operates 15 branches, 3 SME Banking Services Centres, 1 Offshore Banking Centre and 1 Securities Services Centre in Hong Kong, providing a wide range of financial services encompassing consumer and wholesale banking, wealth management, financial markets, securities brokerage and investment services. Fubon Bank holds an A-2 short-term, BBB+ long-term rating from Standard & Poor’s. The rating reflects Fubon Bank’s strong capitalization, good liquidity and sound asset quality.

Haitong Securities is 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.

<span class="mw-page-title-main">CITIC Securities</span> Chinese securities brokerage

CITIC Securities Co., Ltd. is a Chinese full-service investment bank. It offers services in underwriting, research, brokerage, asset management, wealth management, and investment advisory. CITIC Securities was established in 1995 and it is headquartered in Shenzhen, Guangdong Province. By mid-2020, it was among China's four largest securities firms, together with Guotai Junan Securities, GF Securities, and Haitong Securities.

China Taiping Insurance Holdings Company Limited (CTIH) formerly China Insurance International Holdings Company Limited (CIIH), is a Chinese insurance conglomerate. The company has strong Chinese Central Government background despite being incorporated in Hong Kong. It is considered as a red chip company.

<span class="mw-page-title-main">China International Capital Corporation</span> Chinese company

China International Capital Corporation Limited is a Chinese partially state-owned multinational investment management and financial services company. Founded in China in 1995, CICC provides investment banking, securities and investment management services to corporations, institutions and individuals worldwide.

Shanghai International Group is a large state owned financial holding group of People's Republic of China. SIG has full financial licenses in China and engaged in Commercial Banking, Investment Banking, Mutual Fund, Insurance, Private Equity, Trust, Assets Management, etc. As of the end of 2012, according to the equity method accounting, the total assets on SIG's consolidated financial statements were RMB 129.723 billion yuan, the net assets RMB 89.756 billion yuan, and the total profit RMB 12.367 billion yuan. The data relevant to SIG's controlling and core investments shows that the assets managed by SIG had reached RMB 1118.487 billion yuan by the end of 2012.

Securities industry in China is an article on the securities industry in mainland China.

<span class="mw-page-title-main">Guosen Securities</span> Chinese Securities Brokerage

Guosen Securities Company Limited is a Chinese state-owned financial services company headquartered in Shenzhen, China, with more than 70 branches and 11,500 employees nationwide. It has offices in 47 major cities in China including Shenzhen, Beijing, Guangzhou, Foshan, Nanjing, Shanghai, Tianjin and Hong Kong. Guosen Securities provides sales and trading, investment banking, research, asset management, private equity, and other financial services with both institutional and retail clients in China and Hong Kong. It also operates a trading platform called GuoXin TradingStation.

<span class="mw-page-title-main">Vontobel</span>

Vontobel Holding AG is an international investment management firm with Swiss roots, providing investment, advisory and solutional capabilities to private and institutional clients. Established in 1924, as of August 2021, Vontobel has over 2,000 employees across 26 worldwide locations. Among the top tier Swiss banks, Vontobel holds around $300 billion of client assets.

<span class="mw-page-title-main">Harvest Fund Management</span> Chinese Asset Management Company

Harvest Fund Management is a Chinese asset management company that invests in financial services.

Yim Fung was the joint chairman and chief executive of Guotai Junan International Holdings Limited, a subsidiary of Guotai Junan Securities, one of the largest securities brokers in China.

China Renaissance is a Chinese financial institution. Founded by Fan Bao in 2005 as a financial advisory firm, China Renaissance’s core business now consists of investment banking, investment management and wealth management. As of June 30, 2020, China Renaissance had advised on approximately 980 transactions worth over USD$146 billion since its inception, and the company’s private equity funds had AUM of approximately RMB39.0 billion in new economy investments.

CSC Financial Co., Ltd. trading as China Securities, is a Chinese investment bank and brokerage firm established by CITIC Securities and China Jianyin Investment in 2005 in a 60–40 ratio, as a successor of bankrupted China Securities Co., Ltd. (CSC). However, the firm now majority owned by Jianyin Investment's parent company Central Huijin Investment and an asset managing subsidiary of Beijing Municipal People's Government.

Guotai or Guo Tai is the atonal pinyin romanization of various Chinese words and names, usually in reference to a traditional expression about a peaceful and prosperous era in a country's history.

<span class="mw-page-title-main">GF Securities</span> Chinese Securities Brokerage

GF Securities 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.

References

  1. "Members of the Board Directors, Supervisors and Senior Executive". Guotai Junan Securities.
  2. "KPMG Mainland China Securities Survey 2016" (PDF). KPMG.
  3. Wang Juanjuan, Wu Hongyuran & Guo Yingzhe (1 July 2020). "In Depth: China Prepares to Tear Down 25-Year Bank-Brokerage Divide". Caixin.