What are the state-owned enterprises in China's securities companies?

Galaxy Securities: China Galaxy Securities Company Limited (hereinafter referred to as "the company") is approved by the State Council, in the acquisition of the former China Galaxy Securities Company Limited securities brokerage business, investment banking business and related assets on the basis of China Galaxy Financial Holding Company Limited as the main sponsor, jointly with Beijing Qingyuan Defeng Venture Capital Company Limited, Chongqing Water Group Company Limited, China General Technology (Group) Holding Company Limited, China Building Materials Company Limited, four domestic investors. Ltd. as the main sponsor, together with Beijing Qingyuan Defeng Venture Capital Co., Ltd., Chongqing Water Group Co., Ltd., China General Technology (Group) Holding Co., Ltd. and China National Building Material Co., Ltd. four domestic investors, on January 26, 2007 **** with the launch of the establishment of a national comprehensive securities company.

CITIC Securities: CITICSecurities Company Limited (English name: CITICSecuritiesCompanyLimited) is one of the first batch of comprehensive securities companies approved by the China Securities Regulatory Commission (CSRC), formerly known as CITICSecurities Limited Liability Company (CITICSEC), was established in Beijing on October 25, 1995, with a registered capital of 6,630,467,600 yuan.

Haihais Securities Co.

Haitong Securities: Haitong Securities Company Limited (hereinafter referred to as Haitong Securities) (HaitongSecuritiesCompanyLimitedSH:600837) is one of the earliest-established and strongest comprehensive strength of the securities companies in China, with an integrated business platform, a large marketing network, and a strong customer base, brokers, investment bankers and asset management and other traditional businesses ranked the industry. Its traditional businesses, such as brokerage, investment banking and asset management, rank among the top in the industry, and its innovative businesses, such as financing and securities financing, stock index futures and PE investment, lead the industry.

Merchants Securities: Merchants Securities is a financial enterprise under China Merchants, after twenty-five years of entrepreneurial development, all businesses and comprehensive strength have entered the top ten in China, Merchants Securities is the first member of the China Stock Exchange, the first batch of approved integrated brokerage firms, the first batch of lead underwriters, the first members of the national interbank lending market, and the first batch of securities firms with qualifications for self-management, online trading and asset management business. In July 2008, the Company was rated as a Class A AA-rated brokerage by the Securities and Futures Commission (SFC).

Guo Xin Securities: Guo Xin Securities Co., Ltd. is a nationwide large-scale comprehensive securities company, AA grade securities company, with a registered capital of 7 billion yuan, 54 business outlets in 38 cities across the country, the legal representative of the Ho Ru, the existing staff of 9,443 people, including 1,167 employees of the company's headquarters, with undergraduate education accounted for more than 90% of the staff.

Expanded Information:

SecuritiesCompany is a corporate enterprise specializing in the purchase and sale of securities. Divided into securities operating companies and securities registration companies. Narrowly defined securities company refers to the securities management company, is approved by the competent authorities and to the relevant administrative bureau for industry and commerce to obtain a business license after specializing in securities business institutions. It has the qualification of a member of the stock exchange and can underwrite and issue, self-managed trading or self-managed and agent trading securities. Ordinary investors in securities investment through the securities dealer to carry out.

It is reported that securities companies are divided into A (AAA, AA, A), B (BBB, BB, B), C (CCC, CC, C), D, E and so on, five categories of 11 levels. A, B, C three categories of each level of the three companies in the normal operation of the company, the category, level of the division only reflects the company's risk management ability in the industry's relative level. D category, E category of the company respectively, for potential D and E category companies are those whose potential risks may exceed the company's tolerable range and those for which risk disposal measures have been taken in accordance with the law.

Characteristics:

One is that most of them are state-controlled enterprises, and the granting of assets must meet the relevant regulations of the state-owned assets management department;

Two is that most of them are unlisted companies, with restricted circulation of shares, and no market price, but with planning for listing, and able to meet the relevant regulations of listed companies.

Reference:

Baidu Encyclopedia-Securities Corporation