2019-11-19
 
 

Finance and Securities

 

Yuexiu Financial Holding has two listing platforms: Yuexiu Financial Holding (000987.SZ) and Chong Hing Bank Limited (01111.HK). It is one of the four core industry segments of Yuexiu Group. The current total assets exceed RMB 240 billion. It has multiple domestic and foreign financial business platforms, such as banking, securities, leasing, asset management, industrial funds, guarantees, small loans, and has business outlets in the United States, Hong Kong, Macao and nearly 30 provinces and more than 70 major cities across the country. It basically formed a comprehensive financial holding development pattern of "taking banking and securities as the core" and “cross-border operations, and national expansion”.

Yuexiu Financial Holding (000987. SZ) and Guangzhou Yuexiu Financial Holdings Group Company Limited (formerly "Guangzhou Friendship", stock code: 000987. SZ) were listed on the main board of Shenzhen Stock Exchange in 2000. In April 2016, the company raised RMB 10 billion and acquired 100% equity of Guangzhou Yuexiu Financial Holdings Group Co., Ltd. successfully. On August 1, 2016, the abbreviation of the company's securities was changed to "Yuexiu Financial Holding", becoming the first local financial holding listing platform in China. Yuexiu Financial Holdings Co., Ltd. is also the first state-owned financial A-share listed company in Guangdong Province and Guangzhou City, and has won the AAA rating of China credit. The company holds Guangzhou Securities, Guangzhou Assets, Yuexiu Financial Holding Capital, Yuexiu Industrial Fund, Yuexiu Leasing, Guangzhou Guarantee, Yuexiu Fintech and other financial business platforms.

Chong Hing Bank (01111. HK) was founded in 1948 and listed in Hong Kong in 1994. Chong Hing Bank is a comprehensive listed bank, providing all-rounded retail and wholesale banking services, with securities, commodity futures, investment and insurance licenses, and RQFII qualification. Chong Hing Bank has its head office and 42 branches in Hong Kong, branches in Macao, representative offices in Shanghai and San Francisco. Since becoming a member of Yuexiu group on February 14, 2014, under the strategic guidance of "building a comprehensive commercial bank with cross-border characteristics", Chong Hing bank has actively expanded its business in the mainland, set up branches in Shanghai, Guangzhou, Shenzhen and Shantou, and set up sub-branches in Tianhe Guangzhou, Foshan, Nansha and Hengqin, forming a "3 + 4" network layout covering the Pearl River Delta.