201118. China CIC Securities was renamed from China Yin Jian Investment Securities Co., Ltd. (hereinafter referred to as "CIC Securities"). China CIC Securities has 65,438+060 securities outlets in large and medium-sized cities across the country, with branches in Beijing, Shanghai, Jiangsu, Sichuan, Guangdong, Henan and Qinghai. At the same time, it owns three wholly-owned holding companies, namely CIC Securities (Hong Kong) Financial Holdings Limited, Ruishi Investment Limited and CIC Securities Investment Limited, and CIC Tianqi Futures Limited, which holds 80% of the shares.
The business scope of the company includes: securities brokerage; Securities investment consulting; Financial advisers related to securities trading and securities investment activities; Securities underwriting and sponsorship; Securities self-management; Securities asset management; Securities investment funds sell on a commission basis; Providing intermediary services for futures companies; Margin financing and securities lending; Financial products are sold on commission. Brokerage business includes margin trading, IB business, fund consignment, ETF primary dealer qualification and agency system custody brokerage business qualification.
The equity financing business continues to develop and its business scope continues to expand, covering the main board, small and medium-sized board and Growth Enterprise Market. Business types are constantly enriched, involving IPO, non-public offering, private placement, major asset restructuring, convertible bonds, private debt and other businesses.
Second, the development history of China's securities investment fund is 1, in its infancy and initial stage. China's fund industry really started in the 1990s. Under the premise that a series of macroeconomic policies have been introduced one after another, the fund industry in China has finally come to the fore.
1991August, Zhuhai International Trust and Investment Corporation initiated the establishment of Zhuxin Fund with a scale of 69.3 million yuan, which is the earliest domestic fund established in China. On June 5438+ 10 in the same year, Wuhan Securities Investment Fund and Nanshan Venture Capital Fund were established with the approval of Wuhan Branch of China People's Bank and Shenzhen Nanshan District People's * *, with the scale of 100000 RMB and 80 million RMB respectively.
However, when the concept of investment fund was introduced into China conceptually and practically, it was traced back to 1987. At that time, the People's Bank of China and China International Trust & Investment Corporation opened the China fund investment business for the first time, and cooperated with some foreign institutions to launch the national fund for overseas investors, which marked the beginning of the China investment fund business. 1In the first month of 989, the first China concept fund, namely the Sun Hung Kai China Fund launched by Hong Kong Sun Hung Kai Trust and Investment Fund Management Co., Ltd., was established. After that, a number of overseas funds were established one after another, which greatly promoted the start and development of China's investment fund industry.
Sleeping Lion-China Foundation (2) 2. In the stage of rapid development 1992, China's investment fund industry has developed extremely rapidly. In that year, 37 investment funds approved by people's banks at all levels were issued, with a scale of * * * 2 billion US dollars. In June of the same year, Zibo Township Enterprise Investment Fund, the first enterprise closed-end investment fund in China, was approved by the People's Bank of China.
In the same year1October 8th 10, the first officially approved fund management company in China-Shenzhen Investment Fund Management Company was established. By 1993, there are about 70 large and small funds with a face value of 4 billion yuan.
The established fund has entered the secondary market and started to circulate. This period is the initial stage of the development of China Fund.
1In June, 1993, nine China financial institutions and the Boston Pacific Science and Technology Investment Fund of the United States established the Shanghai Pacific Science and Technology Investment Fund in Shanghai, which was the first Sino-foreign joint venture China Fund established in China with a scale of 20 million US dollars. 5438+ 10, Jianye, Jinlong and Baoding were approved to establish three education funds.
1In August, 1993, Zibo Fund was listed on the Shanghai Stock Exchange, which marked that China's funds entered the stage of public listing and trading. In the early 1990s, China's investment funds made remarkable achievements in both quantity and capital scale. From the introduction of policies to the emergence of Sino-foreign joint venture funds, and then to the listing of funds, China's investment funds have experienced a period of rapid development and made great progress.
The Sleeping Lion Awakens Suddenly-China Foundation (3) 3. In the stage of adjustment and standardization, China's funds have developed rapidly from the beginning, and the establishment and operation are arbitrary, and there is a disconnect between development and management. Adjusting and standardizing China's fund industry has become a top priority for financial management departments. 1993 may19, the head office of the people's bank of China issued an urgent notice, requiring all provincial branches to immediately stop the irregular issuance of investment funds and trust beneficiary bonds.
After the notice was issued, the people's banks at all levels conscientiously implemented it, refused to approve any funds, and put their experience on the standardization of established funds and the issuance of approved funds. At the same time, the fund trading market has also made great progress: on March 7, 1994, Shenyang Stock Exchange Center and Shanghai Stock Exchange were put into trial operation; On March 14, Southern Stock Exchange Center was connected to Shanghai and Shenzhen Stock Exchanges at the same time.
1996165438+1On October 29th, Jianye, Jinlong and Baoding Funds were listed on the Shanghai Stock Exchange. Some securities trading centers in China are connected to the Shenzhen-Shanghai Stock Exchange, which enables some local funds to enter the national market through the Shenzhen-Shanghai Stock Exchange network.
It is not difficult to see that the national trading market has begun to take shape. With its market performance, more and more investors are familiar with it, which has opened up the development path of China's investment fund industry. China's Sleeping Lion Fund (4) Before the emergence of new funds, 75 funds were established all over the country, with a total fundraising scale of 7.3 billion.
Among them, 25 varieties are listed and traded in two stock exchanges, accounting for 3% of the varieties listed in the two exchanges. The market value of the fund reached 654.38+000 billion yuan.
Of the 25 funds, 7 have a scale of over 200 million yuan, and 7 have a scale of 1-200 million yuan, 1 1 insufficient scale1. In addition, there are 38 funds listed in stock exchange centers all over the country, including 9 in Tianjin, 7 in South 10, Wuhan 12 and Dalian. 1994 at the end of July, the CSRC and the relevant departments of the State Council put forward a plan to develop China's joint investment funds, cultivate institutional investors and set up a pilot joint venture fund management company, so as to gradually attract foreign funds to invest in the domestic A-share market. The fund industry contacted and negotiated with the overseas securities fund industry, and designed and declared a number of Sino-foreign joint venture funds.
By the end of 1996, there were hundreds of domestic funds applying for approval, but the development of funds basically stopped due to the lag of laws. On March 23rd, 1998, two securities investment funds, Kaiyuan and Jintai, went public, which made the development of closed-end securities investment funds enter a new course.
From 65438 to 0998, China * * * established the first batch of five closed-end funds: Kaiyuan Fund, Jintai Fund, Xinghua Fund, anxin fund Fund and Yuyang Fund. Sleeping Lion-Fund in China (5) 4. The stage of steady development has reached 200 1. In China, there are 14 fund management companies and 34 closed-end securities investment funds.
In September, 20001year, with the approval of the management, Huaan Fund Management Company established the first domestic open securities investment fund-Huaan Innovation, and the development of China fund industry entered a new stage. In 2002, the open-end fund developed supernormally in China, and its scale expanded rapidly. By the end of 2002, the number of open-end funds soared to 17.
The promulgation and implementation of "Securities Investment Fund Law" passed by the National People's Congress Standing Committee (NPCSC) on June 28th, 2003 is another important milestone in the development history of China's fund industry and capital market, which indicates that China's fund industry has entered a brand-new development stage.
3. Whether' CIC Securities' is the abbreviation of' CITIC Jiantou Securities' is not directly related to two different companies.
I. CITIC Jiantou Securities Co., Ltd. was established on June 2, 2005, 1 1. It is a national large-scale comprehensive securities company approved by China Securities Regulatory Commission. CITIC Jiantou Securities is headquartered in Beijing. By the end of 20 10, the company had 125 securities business offices in Beijing, Shanghai, Tianjin, Chongqing and more than 80 large and medium-sized cities in nearly 20 provinces in North China, Northeast China, East China, South China, Southwest China and Northwest China. It owns two wholly-owned companies, CITIC Jiantou Futures Brokerage Co., Ltd. and CITIC Jiantou Investment Management Co., Ltd.
2. China Yin Jian Investment Securities Co., Ltd. (hereinafter referred to as "CIC Securities") was formally established on the basis of the former Southern Securities Co., Ltd. (hereinafter referred to as "Southern Securities") on September 28, 2005. The company is a national comprehensive securities firm wholly owned by China Yin Jian Investment Co., Ltd., with a registered capital of1500 million yuan. Southern Securities was established in 1992. It was once one of the old securities firms in China, and has created brilliant historical achievements in brokerage, investment banking and many other fields. CIC Securities inherited the excellent assets, business qualifications and talent team of the former Southern Securities, and achieved good development in the past two years. At present, the company has many business lines such as brokerage business, enterprise financing, asset management, securities investment and financial derivatives, as well as middle and back office support departments such as research institutes and operation centers, and has a complete information technology and risk management system. The company is also actively preparing to set up subsidiaries such as futures companies, Hong Kong companies and direct investment companies to further expand business space. In April 2007, the company obtained the qualification of innovative pilot securities companies, and was rated as Class A and Class A in the first classified supervision review of securities companies in August of the same year. 20 1 1 was officially renamed as "China CIC Securities Co., Ltd.".
Fourth, the history of the development of China's securities industry is a sleeping lion-the fund is in China (1), and the gentleman loves money and takes it properly; A gentleman loves money, so be kind to it.
-Confucius, The Analects of Confucius. Mo Dao's financial culture only spread from the West to the East, inheriting the ancient oriental financial culture. As a modern investment and financial management method, fund, with its institutional advantages and integrity connotation, will surely become an effective way to unify the country together with various financial management methods.
China's investment funds came into being during the transition from planned economy to market economy. Compared with western developed countries, they are characterized by small scale, lack of experience and congenital deficiency. In order to develop China's investment fund market, standardize the management and operation of investment funds, and prevent and resolve financial risks, we must have a comprehensive understanding and understanding of the investment fund market, learn from the successful experience of foreign investment funds, and build China's investment fund development model in accordance with international practices, so as to make it develop in a healthy and orderly direction.
1, budding and initial stage China's fund industry really started in the 1990s. Under the premise that a series of macroeconomic policies have been introduced one after another, the fund industry in China has finally come to the fore. 1991August, Zhuhai International Trust and Investment Corporation initiated the establishment of Zhuxin Fund with a scale of 69.3 million yuan, which is the earliest domestic fund established in China.
On June 5438+ 10 in the same year, Wuhan Securities Investment Fund and Nanshan Venture Capital Fund were established with the approval of Wuhan Branch of China People's Bank and Shenzhen Nanshan District People's * *, with the scale of 100000 RMB and 80 million RMB respectively. However, when the concept of investment fund was introduced into China conceptually and practically, it was traced back to 1987. At that time, the People's Bank of China and China International Trust & Investment Corporation opened the China fund investment business for the first time, and cooperated with some foreign institutions to launch the national fund for overseas investors, which marked the beginning of the China investment fund business.
1In the first month of 989, the first China concept fund, namely the Sun Hung Kai China Fund launched by Hong Kong Sun Hung Kai Trust and Investment Fund Management Co., Ltd., was established. After that, a number of overseas funds were established one after another, which greatly promoted the start and development of China's investment fund industry. Sleeping Lion-China Foundation (2) 2. In the stage of rapid development 1992, China's investment fund industry has developed extremely rapidly. In that year, 37 investment funds approved by people's banks at all levels were issued, with a scale of * * * 2 billion US dollars.
In June of the same year, Zibo Township Enterprise Investment Fund, the first enterprise closed-end investment fund in China, was approved by the People's Bank of China. In the same year1October 8th 10, the first officially approved fund management company in China-Shenzhen Investment Fund Management Company was established.
By 1993, there are about 70 large and small funds with a face value of 4 billion yuan. The established fund has entered the secondary market and started to circulate.
This period is the initial stage of the development of China Fund. 1In June, 1993, nine China financial institutions and the Boston Pacific Science and Technology Investment Fund of the United States established the Shanghai Pacific Science and Technology Investment Fund in Shanghai, which was the first Sino-foreign joint venture China Fund established in China with a scale of 20 million US dollars.
5438+ 10, Jianye, Jinlong and Baoding were approved to establish three education funds. 1In August, 1993, Zibo Fund was listed on the Shanghai Stock Exchange, which marked that China's funds entered the stage of public listing and trading.
In the early 1990s, China's investment funds made remarkable achievements in both quantity and capital scale. From the introduction of policies to the emergence of Sino-foreign joint venture funds, and then to the listing of funds, China's investment funds have experienced a period of rapid development and made great progress. The Sleeping Lion Awakens Suddenly-China Foundation (3) 3. In the stage of adjustment and standardization, China's funds have developed rapidly from the beginning, and the establishment and operation are arbitrary, and there is a disconnect between development and management. Adjusting and standardizing China's fund industry has become a top priority for financial management departments.
1993 may19, the head office of the people's bank of China issued an urgent notice, requiring all provincial branches to immediately stop the irregular issuance of investment funds and trust beneficiary bonds. After the notice was issued, the people's banks at all levels conscientiously implemented it, refused to approve any funds, and put their experience on the standardization of established funds and the issuance of approved funds.
At the same time, the fund trading market has also made great progress: on March 7, 1994, Shenyang Stock Exchange Center and Shanghai Stock Exchange were put into trial operation; On March 14, Southern Stock Exchange Center was connected to Shanghai and Shenzhen Stock Exchanges at the same time. 1996165438+1On October 29th, Jianye, Jinlong and Baoding Funds were listed on the Shanghai Stock Exchange.
Some securities trading centers in China are connected to the Shenzhen-Shanghai Stock Exchange, which enables some local funds to enter the national market through the Shenzhen-Shanghai Stock Exchange network. It is not difficult to see that the national trading market has begun to take shape, and with its market performance, it has been understood and familiar by more and more investors, opening up the development path of China investment fund industry.
China's Sleeping Lion Fund (4) Before the emergence of new funds, 75 funds were established all over the country, with a total fundraising scale of 7.3 billion. Among them, 25 varieties are listed and traded in two stock exchanges, accounting for 3% of the varieties listed in the two exchanges.
The market value of the fund reached 654.38+000 billion yuan. Of the 25 funds, 7 are above 200 million yuan, and 7 are below 1-200 million, 1 1. In addition, there are 38 funds listed in stock exchange centers all over the country, including 9 in Tianjin, 7 in South 10, Wuhan 12 and Dalian.
1994 at the end of July, the CSRC and the relevant departments of the State Council put forward a plan to develop China's joint investment funds, cultivate institutional investors and set up a pilot joint venture fund management company, so as to gradually attract foreign funds to invest in the domestic A-share market. The fund industry contacted and negotiated with the overseas securities fund industry, and designed and declared a number of Sino-foreign joint venture funds. By the end of 1996, there were hundreds of domestic funds applying for approval, but the development of funds basically stopped due to the lag of laws.
On March 23rd, 1998, two securities investment funds, Kaiyuan and Jintai, went public, which made the development of closed-end securities investment funds enter a new course. From 65438 to 0998, China * * * established the first batch of five closed-end funds: Kaiyuan Fund, Jintai Fund, Xinghua Fund, anxin fund Fund and Yuyang Fund.
Sleeping Lion-Fund in China (5) 4. The stage of steady development has reached 200 1. In China, there are 14 fund management companies and 34 closed-end securities investment funds. On September 5, 2006, 438+0, approved by the management.
5. CIC Securities Company, is this securities company good? I don't know. Please analyze it. Yes, China Yin Jian Investment Securities Co., Ltd. (hereinafter referred to as "CIC Securities") was formally established on September 28th, 2005 on the basis of the former Southern Securities Co., Ltd. (hereinafter referred to as "Southern Securities"). The company is a national comprehensive securities firm with a registered capital of1500 million yuan, which is wholly owned by China Yin Jian Investment Co., Ltd. In April 2007, it was qualified as an innovative pilot securities company, and in August of the same year, it was rated as Class A and Class A in the first classified supervision review of securities companies.
Southern Securities, founded in 1992, was once one of the top established brokers in China, and created brilliant historical achievements in many fields such as brokerage and investment banking. CIC Securities inherited the excellent assets, business qualifications and talent team of the former Southern Securities, and achieved good development in the past two years. At present, the company has many business lines such as brokerage business, enterprise financing, asset management, securities investment and financial derivatives, as well as middle and back office support departments such as research institutes and operation centers, and has a complete information technology and risk management system. The company is also actively preparing to set up subsidiaries such as futures companies, Hong Kong companies and direct investment companies to further expand business space.