State-owned enterprises.
According to Aiqicha, Huafu Securities was formerly known as Fujian Huafu Securities Company. It was established in August 1988. It is a state-owned enterprise and one of the first securities companies established in the country.
In April 2003, with the approval of the China Securities Regulatory Commission, the company increased capital, restructured and changed its name to GF Huafu Securities Co., Ltd.
In July 2011, it was renamed Huafu Securities Co., Ltd. and is a state-owned financial institution in Fujian Province.
The company has formed a nationwide business network layout. As of now, it has 49 branches and 176 securities business departments across the country. It owns Xingyin Growth Capital Management Co., Ltd., Xingyin Investment Co., Ltd. and Huafu International (Hong Kong) Financial Holdings Co., Ltd.
The company has three wholly-owned subsidiaries and controls Xingyin Fund Management Co., Ltd.
The investment banking business started from scratch, using products such as bonds and asset securitization as breakthrough points, and the business developed by leaps and bounds, creating the country's first green venture capital bond, the country's first Shanghai Stock Exchange public offering innovation and entrepreneurship bond, and the country's first real estate leasing asset securities.
It has set precedents in the issuance of chemical projects and established a professional and good investment banking brand in the industry.
The subsidiaries are increasingly giving full play to their public fund management, private asset management, alternative investment license functions and professional advantages, and the group's comprehensive financial service capabilities have been comprehensively enhanced.
Management always takes social responsibility and develops and maintains public welfare responsibilities.
The company has been rated as one of the top 100 tax-paying enterprises in Fujian Province for many years in a row, and has established normalized operating mechanisms in poverty alleviation, charity, student aid, and investor rights protection.