HUIDONG SECURITIES INVESTMENT CO., LTD

Thesis

Haitong Securities is a major Chinese financial services firm and investment bank that provides a full spectrum of IPO and capital market services throughout a company's lifecycle, including IPOs, early-stage equity raising, mezzanine capital, additional share issuance, bond issuance, and mergers and acquisitions. They aim to help small and medium-sized enterprises, particularly from developing countries, enter the international capital market. Haitong Securities emphasizes a 'win-win and mutual aid' approach and fosters an IPO ecosystem. The company also engages in social responsibility initiatives. With a strong presence in Greater China and operations in 14 countries across five continents, Haitong Securities offers a diversified business platform including securities brokerage, investment banking, asset management, proprietary trading, and direct investment. As of March 30, 2022, their total assets were RMB 745 billion, and their Asset Management AUM was around RMB 1.9 trillion. The company was listed on the Shanghai Stock Exchange in July 2007 and had a market capitalization of over $17.9 billion. By mid-2020, it was recognized as one of China's four largest securities firms. Haitong Securities' business model is more akin to a large investment bank and financial services group. A 'Financing Application' form is available on their website for companies seeking funding. Their Shanghai Headquarters is located at Room 1101-1106, Shanghai Bund International Building, No. 99 Huangpu Road, North Bund, Hongkou District, Shanghai. The company traces its origins back to August 1988. In September 2024, Guotai Jun'an Securities announced a merger wi