GF Securities
| Company type | Public |
|---|---|
| Industry | Securities |
| Founded | April 9, 1991 in Guangzhou, China |
| Headquarters | Guangzhou , China |
Area served | China |
| Products | Brokerage and trading solutions |
| Website | www |
GF Securities () stands as a prominent Chinese securities company delivering a wide range of brokerage and trading solutions. Established in 1991 with its headquarters located in Guangzhou, it is recognized as one of the top four securities firms in China, alongside CITIC Securities, Guotai Junan Securities, and Haitong Securities as of mid-2020.
History
The origins of GF Securities trace back to the securities division of China Guangfa Bank, founded on 9 April 1991. It separated from the bank to become an independent entity on 26 August 1999 and adopted the name GF Securities on 25 July 2001.
GF Securities entered the public market by listing on the Shenzhen Stock Exchange on 12 February 2010, utilizing a reverse takeover of Yan Bian Road Construction Co., Ltd. Subsequently, on 10 April 2015, it also secured a listing on the Hong Kong Stock Exchange.
In August 2013, GF Securities enhanced its commodities trading operations through the acquisition of Natixis' commodities trading division for $40 million. More recently, in June 2023, it revealed plans to acquire a strategic 20.2% equity interest in asset manager Value Partners.
Among regulatory matters, the China Securities Regulatory Commission initiated proceedings against GF Securities in April 2023 concerning insufficient due diligence during a share issuance.
GF Securities is part of the SZSE 100 Index, which comprises the leading 100 A-share companies by market capitalization listed on the Shenzhen Stock Exchange.
Subsidiaries
E Fund Management, recognized as one of China's largest asset management companies, operates as a subsidiary of GF Securities, which maintains a 22.65% ownership stake.