The largest shareholder of Guotai Junan is Shanghai State-owned Assets Management Co., Ltd., and the actual controller of Guotai Junan Securities is Shanghai International Group Co., Ltd., both of which are state-owned, so Guotai Junan Securities is a state-owned enterprise.

According to the latest list of shareholders, in addition to Shanghai State-owned Assets Management Co., Ltd., central huijin Investment Co., Ltd. and Shenzhen Investment Holding Co., Ltd. are also shareholders of Guotai Junan Securities, and the two companies are also state-owned enterprises.