Is China Merchants Securities a state-owned enterprise or a central enterprise?

China Merchants Securities is a state-owned enterprise. According to the information on the top ten shareholders disclosed by China Merchants Securities on December 31, 2019, China Merchants Securities’ shareholders are mainly state-owned enterprises, and China Merchants Group Co., Ltd. (central enterprises, state-owned enterprises) has actual control over China Merchants Securities, so China Merchants Securities can be Identified as a state-controlled enterprise.

China Merchants Securities, also known as China Merchants Securities Co., Ltd., was established on August 1, 1993. The controlling shareholder is Shenzhen Merchants Investment Holdings Co., Ltd., and the actual controller is China Merchants Group Co., Ltd., headquartered in Futian District, Shenzhen City. China Merchants Securities Co., Ltd. was formerly the Securities Business Department of China Merchants Bank.

China Merchants Securities Co., Ltd. was listed on the Shanghai Stock Exchange on November 17, 2009. The lead underwriter is UBS Securities Co., Ltd., and the listing sponsor is UBS Securities Co., Ltd., stock code to 600999.

Shareholders of China Merchants Securities Co., Ltd.: Shenzhen Zhaorong Investment Holdings Co., Ltd., Shenzhen Jisheng Investment Development Co., Ltd., China Ocean Shipping Co., Ltd., Hebei Port Group Co., Ltd., China Communications Construction Co., Ltd. Company, China Securities Finance Co., Ltd., etc.

China Merchants Securities Co., Ltd. has won honors such as "Excellent Underwriter of Corporate Bonds in 2017", "Excellent Underwriter of Financial Bonds by China Development Bank in 2018", and "Best Local Investment Bank".