Hua Fu Securities, formerly Fujian Hua Fu Securities Company, was established in June 1988 and is one of the first batch of securities companies in China. In April 2003, GF Securities was introduced as the controlling shareholder, and with the approval of the China Securities Regulatory Commission, the company increased its capital, restructured, and changed its name to GF Hua Fu Securities Co., Ltd. In December 2010, GF Securities transferred its equity in the company to Fujian Energy Group Co., Ltd., Fujian Transportation Group Co., Ltd., and Lianhua International Trust Co., Ltd. (officially renamed Industrial International Trust Co., Ltd. in June 2011). In August 2011, with approval, the company changed its name to Hua Fu Securities Co., Ltd., a wholly state-owned financial institution under the province. The company currently has a registered capital of 550 million yuan, with legal representative Huang Jinlin, and its registered address is 7th-8th Floor, No. 157 Wusi Road, Wenquan Street, Gulou District, Fuzhou City, Fujian Province.
The company currently has two wholly-owned subsidiaries, Hua Fu Capital Investment Co., Ltd. and Xingyin Investment Co., Ltd.; and controls one subsidiary, Hua Fu Fund Management Co., Ltd. It has established 19 branches and 67 securities business departments in Fuzhou, Xiamen, Quanzhou, Beijing, Shanghai, and other places, located in 30 major cities including Beijing, Shanghai, Fuzhou, Xiamen, and Quanzhou.
The company's business scope includes securities brokerage; securities investment consulting; financial advisory related to securities trading and securities investment activities; securities underwriting and sponsorship; proprietary securities trading; securities investment fund agency sales; providing intermediary introduction business for futures companies; securities asset management business; margin trading and securities lending business; and agency sales of financial products. At the same time, the company has successively obtained business qualifications such as direct investment and alternative investment, been approved to conduct negotiated repurchase securities trading and stock pledge repurchase trading business, obtained the qualification as a主办 securities firm for the New Third Board, and become one of the first batch of member securities firms approved to conduct Hong Kong Stock Connect business.
Since its establishment, the company has always adhered to the business purpose of 'integrity and professionalism, creating value,' and upheld the business philosophy of 'standardized operation, steady development.' With the strong support of governments at all levels, shareholders, and the vast number of investors, its profitability has gradually increased, operating performance has continued to improve, and the company's finances have been compliant and stable. Since its establishment, it has obtained a 'standard unqualified' audit evaluation every year. In April 2014, the Fujian Provincial State Taxation Bureau and Fujian Provincial Local Taxation Bureau jointly held the award ceremony for the top 100 taxpayers in Fujian Province for 2013. The company was once again awarded the title of 'Top 100 Taxpayers in Fujian Province for 2013,' which is the fourth consecutive year it has received this honor, establishing a good social image. At present, the company is fully utilizing industry innovation opportunities, planning various business developments, and striving to build an excellent full-license national securities firm!
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