Huatai Securities

Huatai Securities (Chinese: 华泰证券) 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.

Huatai Securities Co., Ltd.
Native name
华泰证券股份有限公司
TypePublic
SSE: 601688 (A share)
SEHK: 6886 (H share)
LSE: HTSC (GDR)
IndustryFinancial services
FoundedApril 9, 1991 (1991-04-09)
Headquarters
No. 228 Middle Jiangdong Road, Nanjing, Jiangsu
,
People's Republic of China
Key people
Wei Zhang (Chairman)
Yi Zhou (CEO)[1]
ServicesSecurities brokerage
Investment banking
Investment management
Revenue CN¥40.53 billion
(2020) [2]
CN¥10.82 billion
(2020)[2]
Total assets CN¥716.75 billion
(2020)[2]
Total equity CN¥132.31 billion
(2020)[2]
Number of employees
10,211 (2020)[1]
SubsidiariesHuatai International
Websitewww.htsc.com.cn

History

Huatai Securities was established in 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]

In 26 February 2010, Huatai Securities was listed on the Shanghai Stock Exchange with the stock code of 601688.[5]

In 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]

In 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 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 30 December 2019:[10]

Company name Shareholding

percentage

Huatai United Securities Co., Ltd. 99.92%
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 Futures Co., Ltd. 60%
Jiangsu Equity Exchange Co., Ltd. 52%
China Southern Asset Management Co., Ltd. 41.16%
Huatai-PineBridge Fund Management Co., Ltd. 49%
Bank of Jiangsu Co., Ltd. 5.54%

Major Shareholders

As of 30 December 2019, the top ten substantial shareholders are as follows:[9]

Name of shareholder (in full name) No. of Shares Percentage of Total Shares
HKSCC Nominees Limited 1,605,955,527 17.6933%
Jiangsu Guoxin Investment Group Limited 1,329,224,036 14.6444%
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%
Essence Securities China Merchants Bank Essence Securities Dingzengbao No.1 Collective Asset Management Program 247,545,593 2.7273%
China Securities Finance Corporation Limited 246,720,811 2.7182%
Citibank, National Association 200,090,700 2.2045%
Hong Kong Securities Clearing Company Limited 161,762,390 1.7822%
Suning.com Co,Ltd. 140,773,940 1.5509%

References
  1. "Huatai Securities". Forbes. Retrieved 2021-03-28.
  2. "2020 Annual Results Presentation". HTSC.
  3. "Huatai Securities Co., Ltd. 華泰證券股份有限公司". webb-site.com. Retrieved 2021-03-28.
  4. "Three more brokers secure QDII approval". South China Morning Post. 10 January 2008. Retrieved 2021-03-28.{{cite web}}: CS1 maint: url-status (link)
  5. "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.
  6. Ho, Prudence (2015-06-01). "Huatai Up on Hong Kong Trading Debut". Wall Street Journal. ISSN 0099-9660. Retrieved 2021-03-28.
  7. "China's Huatai Securities acquires tech provider AssetMark". InvestmentNews. 2016-04-12. Retrieved 2021-03-28.
  8. Barbaglia, Pamela (2019-06-14). "Chinese brokerage Huatai prices London listing at bottom of range". Reuters. Retrieved 2021-03-28.
  9. "Investor Relations". www.htsc.com.cn. Retrieved 2021-03-28.{{cite web}}: CS1 maint: url-status (link)
  10. "2019 Annual Report" (PDF). HKEX.{{cite web}}: CS1 maint: url-status (link)
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