Is China Galaxy a state-owned enterprise or a central enterprise?

China Galaxy is a state-owned enterprise and a central enterprise. Its full name is China Galaxy Securities Co., Ltd. Galaxy Futures was awarded the "Excellent Service Award" by the Shanghai Stock Exchange and the "Best Practice Case for the Board of Directors of Listed Companies" issued by the China Association of Listed Companies. ” award, and won 11 awards in the “2023 China Securities Industry Golden Bull Award” from the China Securities Journal.

1. Company Profile

It is a leading comprehensive financial service provider in China's securities industry. It has an extensive business network and a leading customer base in the industry, as well as comprehensive business strength. , providing comprehensive, multi-level, professional and efficient comprehensive financial services such as wealth management, investment banking, investment transactions, international business, and institutional business to governments, enterprises, institutions, individuals, and international business and capital market customers.

On January 26, 2007, with the approval of the China Securities Regulatory Commission, China Galaxy Financial Holdings Co., Ltd., as the main sponsor, initiated the establishment of China Galaxy Securities Co., Ltd. and acquired related securities of the original China Galaxy Securities Co., Ltd. Business and Assets. The company is headquartered in Beijing, with a registered capital of RMB 10.137 billion.

II. Development History

1. In 2000, China Galaxy Securities Co., Ltd. was established as a wholly state-owned securities company.

2. In 2005, Central Huijin and the Ministry of Finance jointly invested in the establishment of China Galaxy Financial Holdings Co., Ltd., a large state-owned financial enterprise directly under the central government.

3. In 2007, the original China Galaxy Securities Co., Ltd. was officially renamed "China Galaxy Investment Management Co., Ltd."

4. In 2011, the company established China Galaxy International Financial Holdings Co., Ltd. in Hong Kong.

5. In 2013, the company was listed on the Stock Exchange of Hong Kong.

6. In 2014, the company established Galaxy Jinhui Securities Asset Management Co., Ltd.

7. In 2018, the company completed the sale and delivery of 50% equity with Malaysian CIMB Group through Galaxy International. The joint venture company was renamed "Galaxy-CIMB", and the company entered the Southeast Asian market in an all-round way.

8. In 2020, Galaxy Securities acquired 16.68% of the equity of Galaxy Futures held by Suhuang Financial Futures Asia Co., Ltd., completed the industrial and commercial change registration, and Galaxy Futures became a wholly-owned subsidiary of the company.

9. In 2021, the company obtained the first batch of pilot qualifications for optimizing account management functions and was one of the first ten securities firms to obtain the pilot qualifications.

10. In 2023, the company will achieve 100% ownership of its Southeast Asian subsidiary Galaxy-CIMB through Galaxy International. The release of the "Galaxy Tiangong" one-stop financial service platform marks the official establishment of China Galaxy Securities' institutional business line.

Summary

China Galaxy has created a "five-in-one" business model and built a "three-in-one" system and mechanism to truly realize the transformation of traditional securities firms into modern investment banks.