Haitong International
| Company type | Subsidiary |
|---|---|
| Industry | Financial services |
| Predecessor | Tai Fook Securities |
| Founded | 1973 |
| Headquarters | Hong Kong , Hong Kong |
| Parent | Guotai Haitong Securities Co., Ltd. |
Haitong International Securities Group Limited, commonly referred to as Haitong International, is a Hong Kong-based global financial services firm expanding its international reach. The company focuses on bridging capital markets between China and the rest of the world. It operates as a subsidiary of Guotai Haitong Securities Co., Ltd.
Originally named Tai Fook Securities, the company was under the ownership of the Chow Tai Fook–New World Development conglomerate until 2009.
Tai Fook Securities period
During its tenure as Tai Fook Securities, the firm encountered accusations in 1999 related to offering commissions below the minimum standards set by the Stock Exchange of Hong Kong, facilitated through incentives from affiliated entities Chow Tai Fook Jewellery and New World Telephone.
Haitong International Securities Group period
In 2009, the Chinese enterprise Haitong Securities purchased a majority interest in Tai Fook Securities from NWS Holdings for HK$1.82 billion, subsequently renaming it Haitong International Securities Group.
Haitong International marked a milestone as the first Chinese financial institution in Hong Kong to be awarded a “BBB” long-term credit rating by Standard and Poor's. In November 2016, it broadened its presence across the Asia-Pacific region by acquiring Haitong Securities India from Haitong Bank, which was formerly known as Banco Espírito Santo de Investimento.