CSC Financial
 |
|
| China Securities | |
| public | |
| Traded as |
|
| ISIN | CNE100002B89 |
| Industry | Financial services |
| Predecessor | China Securities Co., Ltd. |
| Founded | 2005 |
| Founder | |
| Headquarters | Beijing, China |
|
Area served
|
mainland China, Hong Kong |
| Services | |
| Revenue |
 CN¥19.011 billion (2015) |
|
CN¥11.461 billion (2015) |
|
| Profit |
CN¥8.639 billion (2015) |
| Total assets |
CN¥183.188 billion (2015) |
| Total equity |
CN¥30.106 billion (2015) |
| Owner |
|
| Website | www |
|
Footnotes / references in a consolidated basis; in Chinese accounting standards; ownership as at 8 December 2016 |
|
| CSC Financial Co., Ltd. | |||||||
| Simplified Chinese | 中信建投证券股份有限公司 | ||||||
|---|---|---|---|---|---|---|---|
| Traditional Chinese | 中信建投證券股份有限公司 | ||||||
| Literal meaning | CITIC – Jianyin Investment Securities Company Limited by Shares | ||||||
|
|||||||
| China Securities | |||||||
| Simplified Chinese | 中信建投证券 | ||||||
| Traditional Chinese | 中信建投證券 | ||||||
|
|||||||
| Transcriptions | |
|---|---|
| Standard Mandarin | |
| Hanyu Pinyin | Zhōngxìn jiàntóu zhèngquàn gǔfèn yǒuxiàn gōngsī |
| Transcriptions | |
|---|---|
| Standard Mandarin | |
| Hanyu Pinyin | Zhōngxìn jiàntóu zhèngquàn |
CSC Financial Co., Ltd. trading as China Securities, is a Chinese investment bank and brokerage firm established by CITIC Securities and China Jianyin Investment in 2005 in a 60–40 ratio, as a successor of bankrupted China Securities Co., Ltd. (CSC). However, the firm now majority owned by Jianyin Investment's parent company Central Huijin Investment and an asset managing subsidiary of Beijing Municipal People's Government.
The company registered in Hong Kong as a foreign incorporated company as China Securities Finance Co., Ltd. on 28 July 2016 and CSC Financial Co., Ltd. on 20 October, the latter was used in the IPO of CSC's H share. An unrelated company registered the name China Securities Co., Ltd. in Hong Kong in 2014 in order to prospecting the chance that CSC bought back the name. The unrelated company was filed for struck off for dormant (and would be dissolved) by Hong Kong's Companies Register using the power of Chapter 622 Section 745 2.(b) of Hong Kong Law in September 2016.
The predecessor of CSC Financial Co., Ltd. was incorporated in 1992 as China Securities Co., Ltd. (CSC) (Chinese: 华夏证券; pinyin: Huáxià zhèngquàn; literally: "Huaxia Securities"). Huaxia Securities established a subsidiary in Hong Kong as China Securities (International) Limited in 1994 (the stake was at first held by Huaxia Securities' chairman Shao Chun (Chinese: 邵淳) and CEO Deng Xi (Chinese: 邓其) as proxies; China Securities (International) became dormant since 2010).
As at 31 December 2004, state-owned enterprise Beijing State-owned Assets Management Co., Ltd. owned 29.82% stake of Huaxia Securities. The enterprise, which was a subsidiary of Beijing Municipal Government, also owned 33.87% stake of Beijing Securities, 20.07% stake of the Bank of Beijing, 46.67% stake of Beijing International Trust, 40.725% stake of China Asset Management (Chinese: 华夏基金管理; literally: "Huaxia Fund Management") and the predecessor of insurance company Old Mutual – Guodian for 50.00% stake, making the enterprise owned several financial and non-financial associate companies as a mega conglomerate. However, Hua Xia Bank, was partially owned by Shougang (a direct subsidiary of State-owned Assets Supervision and Administration Commission (SASAC) of Beijing Municipal Government at that time) for 14.29% and other companies instead.
...
Wikipedia