GF Securities (Chinese: 广发证券; pinyin: Guǎngfā zhèngquàn)is a securities firm in China which engages in the operation of large-scale comprehensive securities broking and trading services. The company was founded in 1991 and is headquartered in Guangzhou, China. By mid-2020, it was among China's four largest securities firms, together with CITIC Securities, Guotai Junan Securities, and Haitong Securities.[2]
History
The securities department of China Guangfa Bank was established on 9 April 1991.[1][3] On 26 August 1999, the firm was spun-off as a separate company.[1] On 25 July 2001, the firm changed its name to GF Securities.[1]
In June 2023, GF Securities announced it would acquire a 20.2% stake in Value Partners.[8]
GF Securities is a member of the SZSE 100 Index which consists of the top 100 A-share listed companies listing and trading on the Shenzhen Stock Exchange ranked by total market capitalization[9]
Subsidiaries
E Fund Management, one of China's largest asset management companies is considered a subsidiary of GF Securities which holds 22.65% of its shares.[1]