Guotai, Haitong Securities Shares Soar as Trading Resumes
Shares of Guotai Junan Securities Co. and Haitong Securities Co. surged when they resumed trading after unveiling the terms of their proposed merger to create a state-backed...
Haitong Securities Co., Ltd. engages in the provision of securities and financial services. It operates through the following segments: Wealth Management, Investment Banking, Asset Management, Trading and Institutional, Financial Leasing, and Others. The Wealth Management segment includes brokering and dealing in securities and futures, investment consulting, wealth management as well as financial, services such as margin financing, security lending, and stock pledge. The Investment Banking segment offers sponsoring and underwriting services to enterprises and government clients for fund raising activities in equity and debt capital markets, and also financial consulting services for enterprises for corporate actions such as merger and assets restructuring services. The Asset Management segment is composed of asset management, fund management, and private equity management to individual, corporate, and institutional clients. The Trading and Institutional segment is comprised of stock s
Shares of Guotai Junan Securities Co. and Haitong Securities Co. surged when they resumed trading after unveiling the terms of their proposed merger to create a state-backed...
At least three top investment bankers from different securities firms have been detained by Chinese authorities since August. Haitong Securities and other state-backed brokerages...
A small Chinese brokerage has emerged as an unlikely winner from the merger plan of industry leaders Guotai Junan Securities Co. and Haitong Securities Co., thanks to its...
China is combining two of its largest state-backed brokerages, as it looks to compete with overseas financial firms. Guotai Junan Securities will merge with its rival Haitong...