CSC Financial

[old] China Securities Co., Ltd. (1992–2005)

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.

However, after several scandal which the staff illegally made investment without the consent of their client, Huaxia Securities went bankrupted (as in 2016 the firm was still being liquidated).

[new] China Securities Co., Ltd. (2005–)

A new firm with the same English trading name China Securities but different Chinese name (Chinese: 中信建投证券; literally: "CITIC Jianyin Securities") established by CITIC Securities and China Jianyin Investment in 2005 and receiving the client from the old firm, but did not bear any legal responsibility of the old firm.

In 2010, as CITIC Securities also had their own license, CITIC Securities was requested by China Securities Regulatory Commission to sell all but one subsidiary, including China Securities Co., Ltd. (CITIC Securities was allowed to keep at most kept 7% stake of CSC; CITIC Securities (Shandong) was kept as subsidiary, Kington Securities was put on the market), which 45% was acquired by Beijing State-owned Capital Operation and Management Center (BSCOMC, Chinese: 北京国有资本经营管理中心) for CN¥7.290 billion and 8% by Century Golden Resources Group for CN¥1.296 billion through public offering on Beijing Financial Assets Exchange, making SASAC of Beijing Municipal Government returned as the largest shareholder. In the same year China Jianyin Investment transferred the stake its held to Jianyin Investment's parent company Central Huijin Investment, a subsidiary of the State Council of the People's Republic of China. In 2011 China Securities was reincorporated as a joint-stock company with limited liabilities. (Chinese: 股份有限公司) In 2016 Century Golden Resources Group sold most of its stake to Shannan Jinyuan (4.92%) and Shanghai Shangyan (2.47%).

In 2007 China Securities acquired the remaining stake of China Futures Co., Ltd. from other shareholders.

On 12 July 2012 China Securities re-established its Hong Kong subsidiary as China Securities (International) Finance Holding. The holding itself also forming several subsidiaries.

According to the company, China Securities was ranked 4th by underwriting 135 companies in National Equities Exchange and Quotations.

In November 2016, China Securities started the global offering for its new H shares that would be floated on the Hong Kong Stock Exchange. The Price was set at HK$ 6.81. Cornerstone investors subscribed 57.38% of the H shares, which equal to 9.47% total share capital of CSC. The largest H share shareholder was Glasslake Holdings, an indirect wholly owned subsidiary of CITIC Limited, which was the largest shareholder of CITIC Securities.

Name

On 20 October 2016 China Securities registered its English name in Hong Kong's Companies Register as CSC Financial Co., Ltd.. Its original English trading name which was used in mainland China, China Securities Co., Ltd., was already registered by others in Hong Kong on 21 May 2014 (but with different Chinese name Chinese: 中國證券國際), as well as the present of unrelated company China Securities Holdings (Chinese: 中國証券控股), a small brokerage firm which used the name since 27 February 2012. Despite both companies were now being dissolved. China Securities Holdings ceased business on 31 December 2012 and the former staff was suspended by the Securities and Futures Commission of Hong Kong due to poor management.

CSC Financial also used China Securities Finance Co., Ltd. as the registered name in Hong Kong from July to October 2016. However, it was in fact the trading name of another financial services company of the mainland China.

The predecessor of CSC Financial, China Securities aka Huaxia Securities, was named after Huaxia.

The new Chinese name of China Securities since 2005, literally CITIC – Jianyin Investment Securities, were in fact came from China International Trust and Investment Corporation (the founder of CITIC Securities) and China Construction Bank (the short name of the bank in pinyin was Jiàn yín; China Jianyin Investment was a spin-off of Construction Bank)

Subsidiaries

Rankings

2015 ranking within mainland China: