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Pacific Securities

Pacific Securities
public
Traded as :
Industry Financial services
Predecessor Yunnan Securities
Founded 2004
Headquarters Kunming, China
Area served
 mainland China
Key people
 Zheng Yanan (Chairman)
Services
  • brokerage
  • investment banking
Revenue IncreaseCN¥2.743 billion (2015)
Increase CN¥1.442 billion (2015)
Profit Increase CN¥1.133 billion (2015)
Total assets Increase CN¥34.092 billion (2015)
Total equity Increase CN¥7.402 billion (2015)
Website tpyzq.com
Footnotes / references
in a consolidated basis, excluding minority interest
The Pacific Securities Co., Ltd.
Simplified Chinese 太平洋证券股份有限公司
Traditional Chinese 太平洋證券股份有限公司
Pacific Securities
Simplified Chinese 太平洋证券
Traditional Chinese 太平洋證券
Second alternative Chinese name
Simplified Chinese 太平洋
Traditional Chinese 太平洋
Literal meaning Pacific
Third alternative Chinese name
Simplified Chinese 太证
Traditional Chinese 太證

The Pacific Securities Co., Ltd. is a Kunming-based investment bank and brokerage firm. The company is listed on the .

As on 28 November 2016, The Pacific Securities is a constituent of CSI 300 Index (and mid-cap sub-index CSI 200 Index) and SSE 180 Index.

The company also owned 39% stake in Lao-China Securities, a company based in Vientiane, capital and largest city of Laos.

The Pacific Securities was founded in 2004 and received the clients of bankrupted Yunnan Securities. In April 2007 it was converted to company limited by shares, with a nominal value of CN¥1 each.

It was reported that Xiao Jianhua was behind the operation on listing the company to Shanghai Stock Exchange in 2007. Irregularity was founded after, by-then vice-governor of China Development Bank, Wang Yi (Chinese: 王益) was arrested. Wang was the vice-chairman of China Securities Regulatory Commission (CSRC) until 1999.

In December 2007, the largest shareholder of the Pacific Securities was the consortium of Beijing Ximeng Real Estate (13.34%), Beijing Huaxin Liuhe Investment (13.20%), China Foreign Economy and Trade Trust (FOTIC, 10.00%), UOB Mainland Investment (6.67%),Yunnan State-Owned Assets Management (3.33%) and CMST Development (: , 3.33%). The Pacific Securities also exchanged its shares with the shares of Unida (former code : ), a company delisted in 2007. Other major shareholders were Puhua Investment (10.00%), Taishan Xiangsheng (10.00%), "China Energy Development Electricity (Group)" (6.67%) and "Heilongjiang Century Huarong Investment Management" (5.77%) Those shareholders owned 82.31% shares, with 36 months restriction to sell.

5 out of 6 companies renewed the shareholders' agreement in March 2010 (FOTIC withdrew), as well as "Yunnan State-Owned Assets Management" transferred part of its stake to another Yunnan Government-owned company: Yunnan Industrial Investment Group (Chinese: 云南省工业投资控股集团). The consortium owned 39.88% shares of the company as the largest shareholder, as well as the chairman of the Pacific Securities, Zheng Yanan (Chinese: 郑亚南), was also the chairman of UOB Mainland Investment. However, the consortium sold most of their shares since 2011 (decreased to 32.68% in December 2011, 25.38% in December 2012)


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