Samiksha Jaiswal (Editor)

Sun Hung Kai Financial

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Industry
  
Financial institution

Website
  
http://www.shkf.com/

Founded
  
1969

Divisions
  
SHK Private SHK Direct

Headquarters
  
Hong Kong

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Key people
  
William Leung Wing Cheung (Chief Executive Officer)

Services
  
Wealth Management & Brokerage, and Capital Markets

Number of employees
  
about 750 (as of January 2015)

Parent organization
  
Everbright Securities Financial Holdings Limited

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Sun Hung Kai Financial Limited (SHKFL), is a 70%-owned subsidiary of Everbright Securities Company Limited (SSE: 601788, HKEX: 6178, “Everbright Securities”). With its foundation dating back to 1969 when Fung King Hey, Kwok Tak Seng and Lee Shau Kee teamed up to start the Sun Hung Kai partnership, SHKFL was a wholly owned subsidiary of Sun Hung Kai & Co. Limited (SEHK: 86,　“SHKCO”). SHKCO is chaired by Lee Seng Huang and controlled by the Lee & Lee Trust following the acquisition of the Fung family’s equity interest in the company by Allied Properties (H.K.) Limited via its wholly owned subsidiary in 1996. In June 2015, Everbright Securities acquired 70% of SHKFL from SHKCO, making SHKFL a subsidiary of Everbright Securities since then. SHKCO remains a 30% shareholder of SHKFL.

Contents

Sun Hung Kai Financial Limited, Sun Hung Kai & Co. Limited and Sun Hung Kai Properties, though all bearing the name “Sun Hung Kai”, which reflects a shared heritage, are three distinct corporate groups with different controlling shareholders structure and management.

SHKFL operates under the Sun Hung Kai Financial ("SHKF") brand and the SHK Direct and SHK Private sub-brands. With its two core business segments: Wealth Management and Brokerage, and Capital Markets, SHKFL provides financial services for retail, corporate and institutional clients.

SHKFL has presence in Hong Kong, Macau and Mainland China. SHKFL, through its subsidiaries, currently has about HK$90.7 billion* in assets under management, custody and/or advice. (*As of 31 December 2016)

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History

  • 1969 Sun Hung Kai & Co. is formed by Fung King Hey, Kwok Tak Seng and Lee Shau Kee.
  • 1973 Sun Hung Kai Securities Limited ("SHKS") is incorporated.
  • 1983 Sun Hung Kai & Co. is formed and listed on The Stock Exchange of Hong Kong Limited (“SEHK”).
  • 1991 Sun Hung Kai Investment Services Limited ("SHKIS") becomes one of the first underwriters and approved overseas agents for the Shanghai and Shenzhen Stock Exchanges.
  • 1993 SHKIS is approved as a B-share seat holder of the Shanghai and Shenzhen Stock Exchanges.
  • 1996 Allied Properties (H.K.) Limited via its wholly owned subsidiary, acquires the Fung family's equity interest in the Company.
  • 1997 SHKIS is approved as a Foreign Share Broker and Lead Underwriter by the China Securities Regulatory Commission.
  • 2000 SHKOnline.com launches and is among the first batch of brokers offering straight-through internet-based order processing.
  • 2002 The Company diversifies its operations by establishing wealth management and alternative investment businesses.
  • 2010 The Group forms alliances with CVC Capital Partners and Macquarie FX Investments Pty Limited.
  • 2011 SHK Private is established as a wealth management service. SHKF forms a strategic alliance with Look's Asset Management Limitedand renames as Sun Hung Kai Financial Limited effective 1 December 2011, aligning its corporate name with its SHKF brand.
  • 2015 In June, Everbright Securities completes acquisition of a 70% stake in SHKFL from SHKCO (SEHK: 86) through its Hong Kong subsidiary Everbright Securities Financial Holding Limited. The transaction allows SHKF to provide greater access for Chinese investors to a broad range of global wealth management products and services.

    • References

    Sun Hung Kai Financial Wikipedia
    (Text) CC BY-SA