China_Investment_Securities

China Investment Securities

China Investment Securities

Chinese investment company

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.

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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. (Chinese: 中国建银投资证券有限责任公司) is a successor of China Southern Securities Co., Ltd. (CSSC, Chinese: 南方证券). 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. (Chinese: 中国中投证券有限责任公司).

In 2015, chairman of the board and Party Committee Secretary, Long Zenglai (Chinese: 龙增来) 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

  • CSC Financial, another company reestablished by China Jianyin Investment in 2005

References

  1. [1]
    "2015 Annual Report" (in Chinese). China Investment Securities. 29 April 2016. Retrieved 16 December 2016.
  2. [2]
    "Chairman of China Investment Securities removed from post". Xinhua News Agency. 17 June 2015. Archived from the original on October 18, 2015. Retrieved 16 December 2016.
  3. [3]
    "(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" (PDF). China International Capital Corporation. Hong Kong Stock Exchange. 4 November 2016. Retrieved 16 December 2016.
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