Huatai Securities
Huatai Securities (HTSC) (Chinese: 华泰证券; pinyin: Huátài 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 Nanjing, China.
 | |
 Former headquarters in Nanjing | |
Native name | 华泰证券股份有限公司 |
|---|---|
| Type | Public |
| SSE: 601688 (A share) SEHK: 6886 (H share) LSE: HTSC (GDR) | |
| Industry | Financial services |
| Founded | April 9, 1991 |
| Headquarters | , |
Key people | Wei Zhang (Chairman) Yi Zhou (CEO) |
| Services | Securities brokerage Investment banking Investment management |
| Revenue |  ¥51.92 billion RMB (FY 2021) |
| ¥12.98 billion RMB (FY 2021) | |
| Total assets | ¥806.65 billion RMB (FY 2021) |
| Total equity | ¥152.04 billion RMB (FY 2021) |
Number of employees | 14,372 (FY 2021) |
| Subsidiaries | Huatai International China Southern Asset Management |
| Website | www |
| Footnotes / references [1][2] | |
History
Huatai Securities was established on 9 April 1991 in with a registered share capital of RMB 10 million. It was originally named Jiangsu Securities Company until it was renamed to Huatai Securities in 1999.[3]
In 2008, Huatai Securities received approval from the China Securities Regulatory Commission to be a Qualified Domestic Institutional Investor.[4]
On 26 February 2010, Huatai Securities was listed on the Shanghai Stock Exchange with the stock code of 601688.[5]
On 1 June 2015, the H Shares of Huatai Securities were listed on the Hong Kong Stock Exchange with the stock code of 6886.[6]
In 2016, Huatai Securities acquired AssetMark, a wealth management technology provider from Aquiline Capital Partners and Genstar Capital, for $780 million in cash.[7]
On 17 June 2019, Global depository receipts of Huatai Securities were listed on London Stock Exchange with the stock code of HTSC.[8]
Business areas
The main businesses of Huatai Securities include wealth management, institutional services, investment management, and international business.[1][9]
Wealth management
Mainly securities brokerage and financial products sales. Platforms include Desktop PC and Mobile apps.
Institutional services
- Investment banking (includes ECM, DCM, financial advisory etc.)
- Prime brokerage
- Research and institutional sales (mainly Securities research as well as promoting and selling securities to Institutional Clients)
- Investment and trading (includes equity trading, FICC trading and OTC derivative transactions)
Investment management
Mainly consists of providing asset management services to Financial institutions.
International business
The international business covers various countries and regions such as Hong Kong and the United States. This is done through the subsidiary, Huatai International.
Principal subsidiaries
As of 31 December 2021:[2]
| Company name | Shareholding
percentage |
| Huatai Securities (Shanghai) Asset Management Co., Ltd. | 100% |
| Huatai Purple Gold Investment Co., Ltd. | 100% |
| Huatai International Financial Holdings Company Limited | 100% |
| Huatai Innovative Investment Co., Ltd. | 100% |
| Huatai United Securities Co., Ltd. | 99.92% |
| Huatai Futures Co., Ltd. | 60% |
| Jiangsu Equity Exchange Co., Ltd. | 52% |
| Huatai-PineBridge Fund Management Co., Ltd. | 49% |
| China Southern Asset Management | 41.16% |
| Bank of Jiangsu Co., Ltd. | 5.63% |
Major Shareholders
As of 31 December 2021, the top ten substantial shareholders are as follows:[2]
| Name of shareholder (in full name) | No. of Shares | Percentage of Total Shares |
| HKSCC Nominees Limited | 1,418,260,727 | 15.6254% |
| Jiangsu Guoxin Investment Group Limited | 1,373,481,636 | 15.1320% |
| Jiangsu Communications Holding Co,Ltd. | 489,065,418 | 5.3882% |
| Govtor Capital Group Co,Ltd. | 356,233,206 | 3.9247% |
| Alibaba(China)Technology Co,Ltd. | 268,199,233 | 2.9548% |
| China Securities Finance Corporation Limited | 246,720,811 | 2.7182% |
| Hong Kong Securities Clearing Company Limited | 231,491,774 | 2.5504% |
| Jiangsu SOHO Holdings Group Co., Ltd. | 186,544,699 | 2.0552% |
| China Securities Finance Corporation Limited | 152,906,738 | 1.6846% |
| Jiangsu Hiteker High-tech Co., Ltd. | 123,169,146 | 1.3570% |
See also
References
- "Huatai Securities". Forbes. Retrieved 2021-03-28.
- "Annual Report 2022" (PDF). HKEX.
- "Huatai Securities Co., Ltd. 華泰證券股份有限公司". webb-site.com. Retrieved 2021-03-28.
- "Three more brokers secure QDII approval". South China Morning Post. 10 January 2008. Retrieved 2021-03-28.
{{cite web}}: CS1 maint: url-status (link) - "华泰证券(601688)公司资料_新浪财经_新浪网". 2014-12-11. Archived from the original on 2014-12-11. Retrieved 2021-03-28.
- Ho, Prudence (2015-06-01). "Huatai Up on Hong Kong Trading Debut". Wall Street Journal. ISSN 0099-9660. Retrieved 2021-03-28.
- "China's Huatai Securities acquires tech provider AssetMark". InvestmentNews. 2016-04-12. Retrieved 2021-03-28.
- Barbaglia, Pamela (2019-06-14). "Chinese brokerage Huatai prices London listing at bottom of range". Reuters. Retrieved 2021-03-28.
- "Investor Relations". www.htsc.com.cn. Retrieved 2021-03-28.
{{cite web}}: CS1 maint: url-status (link)
