China Investment Securities Explained

China Investment Securities
Type:subsidiary
Predecessor:China Southern Securities
Industry:Financial services
Founded:2005
Founder:China Jianyin Investment
Former Name:China Jianyin Investment Securities
Hq Location City:Shenzhen
Hq Location Country:China
Area Served:mainland China, Hong Kong
Num Locations:160 branches
Num Locations Year:2015
Num Employees:3,588
Num Employees Year:2015
Revenue Year:2015
Income Year:2015
Net Income Year:2015
Owner:China Intl. Capital Corp. (100%)
Parent:China Intl. Capital Corp.
Footnotes:in a consolidated basis; in Chinese accounting standards[1]
China Investment Securities Co., Ltd.
S:中国中投证券有限责任公司
Order:st
Also Known As:China Investment Securities
S2:中投证券

China Investment Securities Co., Ltd. (CISC) formerly known as China Jianyin Investment Securities Co., Ltd. (CJIS) is a Chinese investment bank and brokerage firm based in Shenzhen. It was a subsidiary of China International Capital Corporation. The firm was founded by China Jianyin Investment on 29 September 2005 based on the good assets of China Southern Securities.

China Jianyin Investment Securities Co., Ltd (CJIS) was formed out of the relevant securities assets of the former China Southern Securities Co., Ltd acquired through public auction.

History

Established in Shenzhen on September 28, 2005, China Jianyin Investment Securities Co., Ltd. is a successor of China Southern Securities Co., Ltd. (CSSC,). With a registered capital of RMB1.5 billion Yuan, CJIS is a nationwide comprehensive securities firm that was wholly owned by China Jianyin Investment and later wholly owned by Central Huijin Investment (from 2011 to 2016), the parent company of Jianyin Investment. Due to the change in ownership, the name of the company was also changed to China Investment Securities Co., Ltd. .

In 2015, chairman of the board and Party Committee Secretary, Long Zenglai was dismissed. It was reported that Long withdrew money from China Investment Securities to fund his personal spending such as luxury banquet.[2]

In 2016, China International Capital Corporation acquired China Investment Securities from Central Huijin Investment in an all-share deal.[3]

See also

Notes and References

  1. Web site: 2015 Annual Report. 29 April 2016. 16 December 2016. China Investment Securities. Chinese.
  2. Web site: Chairman of China Investment Securities removed from post. https://web.archive.org/web/20151018231640/http://news.xinhuanet.com/english/2015-06/17/c_134334988.htm. dead. October 18, 2015. 17 June 2015. 16 December 2016. Xinhua News Agency.
  3. Web site: (1) VERY SUBSTANTIAL ACQUISITION IN RELATION TO THE PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN CHINA INVESTMENT SECURITIES COMPANY LIMITED AND THE PROPOSED ISSUE OF THE CONSIDERATION SHARES (2) APPLICATION FOR THE WHITEWASH WAIVER (3) PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION AND (4) RESUMPTION OF TRADING. 4 November 2016. 16 December 2016. China International Capital Corporation. Hong Kong Stock Exchange.