Formerly | Tai Fook Securities | ||
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Type | Public | ||
SEHK: 665 | |||
Industry | Financial services | ||
Founded | 1973 | ||
Headquarters | Hong Kong | ||
Key people | LIN Yong (Deputy Chairman & CEO) | ||
Services | |||
Parent | Haitong Securities | ||
Subsidiaries | Haitong Securities India | ||
Chinese name | |||
Traditional Chinese | 海通國際證券集團有限公司 | ||
Simplified Chinese | 海通国际证券集团有限公司 | ||
Literal meaning | "Sea connect" international securities group limited company | ||
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short name | |||
Traditional Chinese | 海通國際 | ||
Simplified Chinese | 海通国际 | ||
Literal meaning | "Sea connect" international | ||
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Website | www |
Haitong International Securities Group Limited known as Haitong International is a investment bank based in Hong Kong,it is the first market maker from China at Nasdaq.
It was known as Tai Fook Securities which was owned by Chow Tai Fook–New World Development group until 2009.
When the firm was known as Tai Fook Securities,it was accused that the firm lowered its commission below Stock Exchange of Hong Kong's minimum,by gifts from sister companies Chow Tai Fook Jewellery and New World Telephone in 1999. [1]
Tai Fook Securities was then takeover by the Chinese firm Haitong Securities in 2009. Haitong Securities paid HK$1.82 billion to acquire the controlling stake of Tai Fook Securities from NWS Holdings. [2] After the takeover,Tai Fook Securities was renamed to Haitong International Securities Group.
Haitong International is the first[ failed verification ] Chinese financial institution in Hong Kong to have been assigned a “BBB”long-term credit rating by Standard and Poor's. [3] In November 2016 Haitong International Securities acquired Haitong Securities India from Haitong Bank,a sister company that formerly known as Banco Espírito Santo de Investimento. [4]
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 the Stock Exchange of Hong Kong Limited since 23 November 1972 and is a constituent stock of Hong Kong Hang Seng Index.
The Bank of East Asia Limited,often abbreviated to BEA,is a Hong Kong banking and financial services company headquartered in Central,Hong Kong. It is currently the largest independent local Hong Kong bank,and one of two remaining family-run Hong Kong banks,with the other being Dah Sing Bank. It continues to be run by the 3rd and 4th generations of the Li family.
Sun Ferry Services Company Limited,more widely known as Sun Ferry and formerly New World First Ferry Services,is a ferry service company in Hong Kong. The company was established in November 1999,when it took over the eight licensed ferry routes transferred from Hongkong and Yaumati Ferry in January 2000.
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.
Cheng Yu-tung GBM was a Hong Kong billionaire with extensive property investment,development and service businesses,hotels,infrastructure,jewellery retailing and transportation interests in Hong Kong,Macau,United States,Australia and other areas. He was considered to be Hong Kong's third richest man at the time of his death.
Alinta was an Australian energy infrastructure company. It has grown from a small,Western Australia-based gas distributor and retailer to the largest energy infrastructure company in Australia. It was bought in 2007 by a consortium including Singapore Power and various parties which include the now defunct Babcock &Brown funds.
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 holding companies of the group,namely Chow Tai Fook Capital Limited,Chow Tai Fook (Holding) Limited,Chow Tai Fook Enterprises Limited,etc. being privately owned,the group has been partially listed on the stock market via associate company New World Development and subsidiary Chow Tai Fook Jewellery Group Limited. As of 31 December 2018,New World Development was ranked as the 47th-largest company by market capitalization on the Stock Exchange of Hong Kong,which was HK$105.68061 billion.
AIA Group Limited,often known as AIA,is a Hong Kong-based multinational insurance and finance corporation. It is the largest publicly listed life insurance group in Asia-Pacific. It offers insurance and financial services,writing life insurance for individuals and businesses,as well as accident and health insurance,and offers retirement planning,and wealth management services,variable contracts,investments and securities.
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.
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.
New World China Land Limited is a wholly owned subsidiary of Hong Kong-based conglomerate New World Development,itself part of Chow Tai Fook group. New World China Land was spin off from New World Development in 1999 as a separate listed company. However,it was privatized again by New World Development in 2016. New World China Land is headquartered in 9/F,New World Tower 1,on 8 Queen's Road Central,Hong Kong Island.
Securities industry in China is an article on the securities industry in mainland China.
Alinta Energy is an Australian electricity generating and gas retailing private company owned by Hong Kong-based Chow Tai Fook Enterprises (CTFE). The sale for $4 billion was approved by Treasurer Scott Morrison in 2017. Alinta Energy has an owned and contracted generation portfolio of up to 1,957 MW,approximately 1.1 million combined electricity and gas retail customers and around 800 employees across Australia and New Zealand.
Adrian Cheng Chi-kong is a Hong Kong entrepreneur and business executive. He is the CEO and executive vice-chairman of the Hong Kong-listed New World Development,the heir and executive director of jewelry company Chow Tai Fook,and the owner of Rosewood Hong Kong Hotel. He is also the founder of K11,which has a portfolio of commercial,cultural and residential projects. He is the son of property developer Henry Cheng and grandson of Cheng Yu-tung.
Penta Hotels is a hotel brand with 28 hotels with this name across Europe and Asia as of 2020.
Wuhan CTF Finance Center also known as Wuhan Chow Tai Fook Finance Centre is a supertall skyscraper under construction in Wuhan,Hubei,China. The tower was originally set to be China's tallest,surpassing Shanghai Tower when completed in 2026,but its height was later reduced to 475 meters.
Rosewood Hotel Group,also known for its former trading names New World Hotel Group,New World Hospitality and legal names New World Hotel Management (BVI) Limited,New World Hotel Management Limited is a Hong Kong-based multi-national hotel management group and the parent company of Rosewood Hotels &Resorts. The company is incorporated in the British Virgin Islands as an offshore company. As of 2016,Rosewood Hotel Group was owned by Chow Tai Fook Enterprises,having acquired Rosewood Hotel Group in 2015 from Chow Tai Fook Enterprises' listed associate company New World China Land for HK$1.96 billion.
New World Hotels (Holdings) Limited,formerly known as Kai Tak Land Investment Limited,is a former Hong Kong-listed company and currently a wholly owned subsidiary of New World Development.
Sonia Cheng Chi-Man is a Hong Kong business executive. She is the CEO of Rosewood Hotel Group and the executive director of the New World Development. She is also the vice-chairman of Chow Tai Fook Jewellery Group. She was also appointed as an independent non-executive director of The Hongkong and Shanghai Banking Corporation and a director of Primavera Capital Acquisition Corporation. She is the daughter of Hong Kong property developer Henry Cheng and granddaughter of real estate and jewelry billionaire Cheng Yu-tung.
The Cheng Yu-tung Family refers to a wealthy Hong Kong-based family best known for controlling Chow Tai Fook,via which it also owns New World Development and Rosewood Hotel Group,among other businesses.