On March 28, 2024, Lianlian DigiTech Co., Ltd. (HKEX: 2598.HK) successfully debuted on the main board of the Hong Kong Stock Exchange, with GF Hong Kong playing a pivotal role as the joint bookrunner and lead manager for the offering. The global offering, priced at HK$10.22 per share, raised approximately HK$657 million (pre-greenshoe). The newly floated shares account for 5.96% of the expanded equity capital (pre-greenshoe).
<img style="display: block; margin-left: auto; margin-right: auto;" src="https://cdn.gfzq.cn/hkstore/article/Picture2.png" alt="" width="554" height="535" />
GF Hong Kong leveraged its expertise to facilitate the company's listing by actively engaging in market activities and establishing robust communication channels with investors. With a focus on providing comprehensive investment banking services, GF Hong Kong remains dedicated to supporting exceptional Chinese enterprises in exploring international capital markets.
This offering has attracted significant investor attention, with oversubscription rates of 16.94 times in the Hong Kong public offering and 1.89 times in international placement. Proceeds from the offering will be allocated towards enhancing technical capabilities (60%), expanding global operations (30%), future strategic investments (5%), and general corporate purposes and working capital needs (5%).
Looking ahead, GF Hong Kong continues its commitment to delivering exceptional services and guiding more Chinese enterprises towards success in overseas markets.
&nbsp;
Note: The term "GF Hong Kong" mentioned in this article refers to GF Holdings (Hong Kong) Co., Ltd. and/or its related subsidiaries established in Hong Kong.
Disclaimer: The information on this article is compiled by GF Holdings (Hong Kong) Corporation Limited (the "Company") and is for reference purposes only. It is not and should not be regarded as an invitation, solicitation or recommendation to buy or sell any investment products. The information contained is provided by the Company in good faith and the source of the information is believed to be reliable. However, the Company does not guarantee the accuracy, completeness or correctness of such content and readers should not rely on it. The Company, its affiliates, directors, officers and employees disclaim any liability for any loss incurred by any person as a result of the use of this article. The company reserves the right to make changes to the content of this page without prior notice.

GFHK Supports Lianlian DigiTech to Float Shares in Hong Kong

<img style="display: block; margin-left: auto; margin-right: auto;" src="https://cdn.gfzq.cn/hkstore/article/111.jpg" alt="" width="3164" height="1787" />
On March 21, 2024, GF Hong Kong acted as the Sole Sponsor, Overall Coordinator, Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager to assist Migao Group Holdings Limited (stock code: 9879.HK) ("the Company") in successfully listing on the main board of the Hong Kong Stock Exchange. The Company's global offering was priced at HK$4.08 per share. A total of 225 million shares were issued before the Greenshoe, raising HK$918 million. In the end, the Hong Kong Public Offering was oversubscribed with a subscription ratio of 9.79 times, and the International Offering was also oversubscribed with a subscription ratio approximately 1.28 times. It is the largest IPO deal in Hong Kong that launched its bookbuilding this year, which has become another typical deal of GF Hong Kong in the field of IPO services in Hong Kong.
Highlights of the Project
<ul>
<li>As the Sole Sponsor, GF Hong Kong fully demonstrates the service capabilities of the entire business chain. During the execution process, GF Hong Kong coordinated project progress and took the lead in completing various due diligences. In the face of many uncertain factors such as the test of the epidemic, fluctuations in the international situation, and the ups and downs in the capital market, GF Hong Kong assisted the Company to successfully obtain domestic and overseas regulatory approvals, and quickly responded to the Company's various needs and provide solutions throughout the whole process. Based on a deep understanding of the Company, GF Hong Kong helps the Company create a unique investment story and successfully list on the stock market with GF Hong Kong&rsquo;s rich project experiences and solid execution capabilities.</li>
<li>In the early stage of marketing, GF Hong Kong customized a marketing plan for the Company, actively mobilized domestic and overseas resources, and proactively introduced industrial investors and financial investors to the Company. GF Hong Kong also proactively conveyed the Company's core competitiveness as a leading domestic potash fertilizer enterprise to the market and its value to investors, maximizing investors&rsquo; interest in the Company. During the offering period, GF Hong Kong further arranged in-depth communication between investors and company management, enriched and optimized the investor structure, continued to promote the steady growth of bookbuilding coverage, and sent a positive signal to the market. This offering fully reflects GF Hong Kong's excellent capital market service capabilities, deep investor relations and strong Hong Kong stock underwriting capabilities, and highlights GF Hong Kong's high-level comprehensive service capabilities in the Hong Kong stock capital market.</li>
<li>Against the economic background of the sluggish performance of the Hong Kong stock market and the global macro turbulence, GF Hong Kong has always responded calmly and maintained its determination, working closely with client, adhering to high standards of work and outstanding professional capabilities to seize the market offering window. GF Hong Kong successfully sponsored the Company to be listed in Hong Kong, which was highly recognized by clients and the market. In the future, GF Hong Kong will adhere to an international perspective, wholeheartedly provide high-quality investment banking services to clients throughout the entire industry chain and cycle, and assist more outstanding Chinese companies in exploring overseas capital markets.</li>
</ul>

GFHK Completes IPO for Migao Group in Hong Kong as Sole Sponsor 

Dear Client,&nbsp;&nbsp;
We are pleased to announce that effective from January 29 2024, our office will be relocated to:
27/F, GF Tower, 81 Lockhart Road, Wan Chai, Hong Kong
Please note that our telephone numbers, fax numbers, and email addresses will remain unchanged.
We would like to take this opportunity to express our gratitude for your continued support. We will remain committed to providing you with comprehensive financial services through our subsidiaries. Should you have any further queries, please feel free to contact us at (852) 3719 1111.
&nbsp;
Yours sincerely,
GF Holdings (Hong Kong) Corporation Limited

Office Relocation Notice

<img src="https://cdn.gfzq.cn/hkstore/article/图片11.jpg" alt="" width="2485" height="1097" />
GF Securities (Hong Kong) has successfully issued tokenised securities in Hong Kong on January 18, making it the first Chinese brokerage firm that completed mintage, issuance and distribution of such products with underlying assets originated by itself. This move underlies GF Securities (Hong Kong)&rsquo;s commitment to taking the lead in the development of the digital finance sector, and staying competitive and capturing new opportunities in this nascent marketplace.
The tokenised securities were issued after the Securities and Futures Commission in Hong Kong released a circular on tokenised securities-related activities in November 2023. The issuance were completed under Hong Kong laws and regulatory requirements, and t represents the company&rsquo;s significant contribution to Hong Kong&rsquo;s increasing efforts to promote itself as a key hub for virtual and digital financial assets.
&ldquo;The issuance of tokenised securities showcased our strong motivation and capabilities in seizing any fresh development opportunities at the forefront of the market,&rdquo; said Charles Lin, Chief Executive Officer of GF Holdings (Hong Kong) Corporation Limited. &ldquo;I&rsquo;m sure it will not only set up a pioneering model for the prospect of digitalized assets market in Hong Kong and beyond, but more importantly it will also increase our edge in bringing more first-class services to our clients around the world.&rdquo;
Taping into the public network ecosystem on the Ethereum blockchain, the tokenised securities issued by GF Securities (Hong Kong) displays a string of merits that can make transactions extremely secure, transparent and efficient. Some of the key traits include &ndash;
<ul>
<li>Investors can monitor trading records via the blockchain at any time without any restrictions. Auxiliary functions such as automatic book-building, risk management and valuation assessment can be freely developed by investors due to the openness of the Ethereum blockchain.</li>
<li>Investors can also manage different digital investment portfolios using the centralized features of the network without worries about system incompatibility issues.</li>
<li>Unlike traditional assets, issuance of tokenised securities do not rely on clearing house, meaning the base of investors can be tremendously expanded given the low participation barrier, and product design can be customized with smart contract technology.</li>
</ul>
Looking forward, investors can expect more useful functions facilitating transactions of tokenised securities including derivatives-related automatic calculations. The company will continue to explore more advanced development of digital assets, unswervingly honouring its commitment to provide all-round professional services to all clients and investors.

GF Securities (Hong Kong) Brings Securities Originated by Itself to Public Blockchain 

GF Holdings (Hong Kong) Corporation Limited (GF Holdings (Hong Kong), the company) announced that Fitch Ratings (Fitch) has affirmed the company&rsquo;s long-term issuer default rating at &lsquo;BBB&rsquo; with a stable outlook. GF Holdings (Hong Kong) has previously received a &lsquo;BBB&rsquo; investment grade rating from S&amp;P Global Ratings.
Fitch noted that GF Holdings (Hong Kong), as the principal platform for pursuing the internationalization strategy of GF Securities (GFS, the group), plays a unique role and receives strong support from the group. The company has been extending the group&rsquo;s overseas franchise, and its subsidiaries have been providing offshore capital market services.
The ratings from international rating agencies reflect their confidence in the development prospects of GF Holdings (Hong Kong). The company will remain committed to pursuing the strategy of going global, and its subsidiaries will continue to provide all-round professional and efficient capital market services for clients both at home and abroad.

GF Holdings (Hong Kong) Receives a ‘BBB’ Investment Grade Rating from Fitch with a Stable Outlook

Happy holidays from GF Holdings (Hong Kong)!
<img style="display: block; margin-left: auto; margin-right: auto;" src="https://cdn.gfzq.cn/hkstore/article/Season's Greetings111.jpg" alt="" width="1240" height="2200" />

Happy holidays from GF Holdings (Hong Kong)

GF Holdings (Hong Kong) Corporation Limited (GF Holdings (Hong Kong), the Company) announced that it has received BBB long-term and A-2 short-term issuer credit ratings with a stable outlook recently from S&amp;P Global Ratings (S&amp;P).
S&amp;P considered GF Holdings (Hong Kong) as a core entity of the parent GF Securities (GFS) and brought its ratings as well as outlook into line with those on GFS. According to the report, as the group's the primary offshore platform, GF Holdings (Hong Kong) has played a crucial role in implementing the group's globalization strategy.
The rating result reflects international rating agency&rsquo;s sufficient recognition of GF Holdings (Hong Kong), which will lay down a solid foundation for the Company&rsquo;s international expansion. Looking forward, subsidiaries of GF Holdings (Hong Kong) will continue to provide all-round professional and efficient capital market services for clients both at home and abroad to create value sustainably.

GF Holdings (Hong Kong) Receives First-ever Investment Grade Rating from S&P, Outlook Stable

<img src="https://cdn.gfzq.cn/hkstore/article/gfse app.jpg" alt="" width="705" height="1235" /> 
&nbsp;&nbsp;&nbsp; 2022年1月24日，新浪财经&ldquo;2021券商APP风云榜&rdquo;评选结果揭晓。广发证券（香港）经纪有限公司（以下简称&ldquo;广发经纪香港&rdquo;）易淘金国际APP荣获&ldquo;最佳港美股券商APP&rdquo;大奖。
&nbsp;&nbsp;&nbsp; 广发经纪香港为全球客户提供香港、美国及环球12个证券市场的证券交易服务。易淘金国际APP是由总公司及广发经纪香港联合开发，由广发经纪香港运营管理的一款面向全球投资者的境外理财APP。
&nbsp;&nbsp;&nbsp; 为快速响应客户不断变化的投融资需求，广发经纪香港非常重视金融科技在环球投资中的赋能，其倾力打造的易淘金国际APP不仅可在全球范围提供港股、美股、A/B股实时行情，及港股、美股、沪/深港通等多市场交易的核心功能模块，还可提供环球基金、债券及结构化产品的理财板块，更具备丰富的业务办理功能，涵盖账户业务、资金业务等多项网上营业厅功能，为用户提供便捷的掌上业务办理渠道。
&nbsp;&nbsp;&nbsp; 在疫情下，易淘金国际APP前进的步伐却并未因此减缓，广发经纪香港通过对易淘金国际APP持续进行版本迭代，成功开发为投资者在线上提供视频直播、智能客服等功能，实现大部分功能无纸化服务。2021年广发经纪香港通过易淘金国际APP开展了逾50次的在线直播，为投资者及时地传递了公司研究、上市公司介绍等服务。未来广发经纪香港还将在智能化上加大研发力度，让科技赋能金融，为全球投资者提供专业、便利的服务。
&nbsp;&nbsp;&nbsp; 新浪财经券商APP风云榜是一年一度的综合性评选活动，本次评选从应用运营、交易服务、赋能服务、活动运营、视频直播服务等方面入手，在百家券商APP中为投资者寻找当中的佼佼者，同时更加注重与券商互动与交流，旨在为各大券商提供一个全方位展示APP运营理念、创新战略的平台。

广发经纪香港荣获新浪财经第七届“最佳港美股券商APP”大奖

On October 28th, 2021, at the &ldquo;2021 China Securities Industry Junding Award Ceremony&rdquo; organized by Securities Times, a mainstream financial media in China, GF Securities (Hong Kong) Brokerage Limited (&ldquo;GF Securities (HK)&rdquo;) won the &ldquo;Junding Award for Hong Kong Stock Brokers&rdquo; for the second time, demonstrating the company's excellent and professional wealth management ability, as well as its strong brand influence.
Established in 2006, GF Securities (HK) is licensed by the Securities and Futures Commission to carry on Type 1 (Dealing in Securities) and Type 4 (Advising on Securities) regulated activities in Hong Kong under the Securities and Futures Ordinance (Central Entity Number: AOB364), which is one of the first batch of mainland securities firms&rsquo; subsidiaries that approved to establish in Hong Kong. Comprising of a team of dedicated and experienced professionals, GF Securities (HK) is committed to providing top-quality and all-round wealth management services for its domestic and international clients.
Since its launch, the &ldquo;Junding Award for China Securities Industry&rdquo; has grown into an influential and well-recognized industry award by adhering to the principle of "fairness, openness, and justice". Through a comprehensive selection process encompassing data screening, expert review and online voting, it aims at recognizing and awarding top-tier wealth managers for the public of China.&nbsp;
GF Securities (HK)&rsquo;s winning history
2019 year E-Commerce International APP won the &ldquo;Excellent Hong Kong Securities Dealer APP" GF Securities (HK) won the &ldquo;Junding Award for Hong Kong Securities Brokerage Service Brand&rdquo;
2020 year E-Commerce International APP won the &ldquo;Junding Award for Hong Kong and US Stock Broker APP&rdquo;
2021 year GF Securities (HK) won the "Junding Award for Hong Kong Stock Brokers in China Securities Industry"

GF Securities (HK) Honored the “Junding Award for Hong Kong Stock Brokers” for the Second Year

GF Holdings (Hong Kong) Corporation Limited ("GF Holdings (HK)" or the &ldquo;Company&rdquo;) today announced the closing of its inaugural issuance of a three-year US$300 million bond.
The bond offering received strong interest and was heavily subscribed by investors. Peak orders on pricing day exceeded US$3 billion, and final issue price was set at 1.125%, a decrease of 42bps compared with the initial guided price.
Dr. Shen Minggao, CEO of GF Holdings (HK), thanked all investors for their trust and intermediary agencies for their support. He noted that this year marks the 30th anniversary of GF Securities and the 15th anniversary of GF Holdings (HK). As GF Securities&rsquo; primary platform for international expansion, GF Holdings (HK)&rsquo;s growth is built upon the continued reform and opening up of China's capital markets. Dr Shen went on to say that &ldquo;this offering marks a new milestone for GF Holdings (HK) as we continue to execute our strategic plan: building our core capabilities and businesses, as well as leveraging our cross-border strengths to provide top-quality and diversified investment and financing services for clients at home and abroad&rdquo;.
Mr. Edward Wu, Chief Financial Officer of GF Holdings (HK), noted that the bond issuance represented another successful appearance in the offshore capital market for the Company following the issuance of syndicated loans in 2014 and 2016, as well as the issuance of club loans in 2018, which has further diversified and expanded the Company&rsquo;s financing channels.&nbsp;

GF Holdings (Hong Kong) Issues Inaugural USD Bond

<img src="https://cdn.gfzq.cn/hkstore/article/signing ceremony1.jpg" alt="" width="1472" height="619" />On August 19, GF Holdings (Hong Kong) Co., Ltd. ("GFHK ") and Industrial Bank Hong Kong Branch signed a strategic cooperation agreement on the 29th floor of Li Po Chun Chambers. With commitment to further promote cross-border and cross-market cooperation, the signing marks an overseas extension of the comprehensive cooperation between the headquarters of the two parties.&nbsp;
According to the cooperation agreement, the two parties will build a comprehensive strategic cooperative relationship based on the principle of "complementary advantages, sharing resources, enhancing cooperation and mutual benefits". They will strengthen exchanges and cooperation in various aspects including business opportunities, customer services, market information and product innovation. With the development of interconnection between the financial markets of Hong Kong and the Mainland, the two parties see great room for cooperation in terms of leveraging both onshore and offshore resources to provide customers with richer and more competitive financial products and services.
Mr. Guo Ming, President of the Industrial Bank Hong Kong Branch, looks forward to the future cooperation between the two parties. He notes that as the first overseas institution of Industrial Bank, the Industrial Bank Hong Kong Branch capitalizes on the strength of Hong Kong as an international financial centre and establishes cooperative relationships with global financial institutions to provide customers with diversified financing channels and integrated services and products. He believes that the strategic cooperation with GFHK will further intensify the cooperative relationship between the two institutions, as well as continuously enhance business synergy.&nbsp;
Mr. Shen Minggao, CEO of GFHK, says, "Banks and securities firms have unique complementary advantages in areas like risk appetite, customer base and product offerings. GFHK is committed to cultivating and enhancing our core business capabilities to serve our customers with high-quality financial products with GF characteristics. With the strategic cooperation in place, we look forward to further deepening the depth and width of existing relationships between two institutions.&rdquo;

GF Holdings (Hong Kong) and Industrial Bank Hong Kong Branch Ink Strategic Cooperation Agreement

<img src="https://cdn.gfzq.cn/hkstore/article/award.jpg" alt="" width="950" height="633" />
Recently, Global Markets - GF Holdings (Hong Kong) Corporation Limited won two &ldquo;Excellence Awards&rdquo;, namely &ldquo;Structured Products (China Greater Bay Area (&ldquo;CGBA&rdquo;)&rdquo; and &ldquo;Structured Products Provider of the Year (CGBA)&rdquo;, in &ldquo;Financial Institution Awards 2021 (Securities Sector)&rdquo; organized by Bloomberg Businessweek for its outstanding cross-border structured product capabilities and industry Influence. Bloomberg Businessweek has held the annual &ldquo;Financial Institution Awards&rdquo; for seven consecutive years, recognizing and awarding financial institutions with excellent market performances, growths, development and business strategy.&nbsp;
Global Markets - GF Hong Kong, which has won the excellence awards, is committed to building a professional platform for cross-border financial products focusing on the Greater Bay Area. It has launched a series of ground-breaking diversified cross-border structured products, leading the product innovation in the market. With the strengthening of connectivity in the CGBA, the market witnessed surging demand of Hong Kong and Mainland residents and institutions to make cross-border investment, and was thus in urgent need of a wider variety of cross-border financial products. Seizing the opportunity, Global Markets - GF Hong Kong, through its precise market positioning, forward-looking product design, effective execution, mobilized onshore &amp; offshore core resources, and by working with its parent company and subsidiaries, has provided investors with one-stop cross-border investment and financing solutions across asset classes. Its product spectrum is rather wide and spans across multiple asset classes, including structured notes programme, asset securitization, fund-linked structured products, index and other derivatives. By providing tailored solutions through various cross-border channels such as cross-border total return swaps, QDII, QFII and Bond Connect, the solutions meet the diversified cross-border investment needs of domestic and foreign individual investors, and are of strategic importance to Greater Bay Area institutional investors operating in both onshore and offshore markets.&nbsp;
Mr. Chao Zeng, Head of Global Markets - GF Hong Kong, said &ldquo;It is a great pleasure to see our achievements recognized by the industry's most renowned awards. Our team members have a vast knowledge and rich experience in both onshore and offshore financial markets. Some of them has fathered the creation of cross-border swap solutions, pioneering the blooming of cross-border structured products in China.&rdquo; Looking ahead, Mr. Zeng is confident that the Chinese financial institutions will further expand their presence in the cross-border market. He added, &ldquo;The Global Markets - GF Hong Kong will continue to focus on cross-border business, by leveraging its resources, further enhancing product innovation and differentiating business strategies in accordance with customer demands. We&rsquo;ll deepen our wallet size in traditional finance, as well as expand our coverage to highly customised sectors, such as private equity funds, family trusts and Internet finance. Meanwhile, we&rsquo;ll also be more proactive and forward-looking in risk management, closely monitor the market movement, so as to safeguard and grow our valued customers&rsquo; businesses.&rdquo;

GF Holdings (Hong Kong) Awarded “Structured Products (China Greater Bay Area)” and “Structured Products Provider of the Year (China Greater Bay Area)” by Bloomberg Businessweek

At the 8th Singapore Iron Ore Online Forum held on 13 July 2021, the Singapore Exchange, the world&rsquo;s largest trading platform for iron ore derivatives, awarded GF Futures (Hong Kong) Co., Ltd. (hereinafter &ldquo;GF Futures (Hong Kong)&rdquo;) &ldquo;The Best Chinese Futures Broker of the Year (Iron Ore category)" for the third year in a row!
Ms. Zhao Guiping, Chairperson of GF Futures Company Limited expressed her gratitude to the Singapore Exchange through a video message, and thanked the community and investors for their continuous trust and support!
As sister companies of the Group, GF Futures (Hong Kong) and GF Securities (Hong Kong) Brokerage Limited are pioneers for the international business of the GF Group. As one of the first six futures companies from mainland China to set up branches in Hong Kong, GF Futures (Hong Kong) has demonstrated a pioneering and enterprising spirit in the international futures market, and recorded the highest iron ore trading volume among the Singapore Exchange's Chinese futures brokers in 2019 and 2020. GF Futures (Hong Kong) is also the only Chinese futures broker that provides forex over-the-counter swap business, and has been awarded a number of international awards including "Best Non-Bank Chinese Futures Broker in Asia" and "Best Chinese Futures Broker" in the FOW Asia Capital Markets Awards.&nbsp;
In future, GF Futures (Hong Kong) will continue to innovate and forge ahead to pursue excellence, while further developing its financial services for global commodities and derivatives. In addition to promoting the development of the international futures market, the company will continue to leverage group resources to provide global investors with professional and comprehensive capital market solutions.

GF Futures (Hong Kong) awarded the "Best Chinese Futures Broker of the Year" by the Singapore Exchange for three years in a row

On 25 June 2021 (US Eastern Time), GF Securities (Hong Kong) Brokerage Limited (hereinafter referred to as "GF Hong Kong"), as a member of the underwriting syndicate, helped Missfresh (stock code: MF) to be successfully listed on NASDAQ.&nbsp;
Missfresh issued a total of 21 million (up to 24.15 million after the green-shoe) American Depositary Receipts (ADS), with an offering price of US$13 per ADS, and raised a total amount of approximately US$273 million (before the green-shoe) in this listing. As the underwriter, GF Hong Kong&rsquo;s professional team has leveraged its expertise and experience to provide Missfresh with quality, timely, professional and all-round services.
Alex Yan, Managing Director and Head of Investment Banking of GF Hong Kong, said: "As one of the largest consumer markets in the world, China boasts huge economies of scale. Digital transformation of traditional industries through continuous innovation will not only enhance consumer experiences, but will also nurture more world-class companies in China. GF Hong Kong is committed to serving clients in the consumer, TMT and biomedical sectors. By providing global capital market services, we help our clients achieve leapfrog development, while supporting the real economy to transform."
As of 31 March 2021, Missfresh operated a technology-enabled network of 631 &nbsp;distributed mini warehouse in 16 cities in China, providing consumers with more than 4,300 SKUs. Their proprietary order processing, packaging, and routing technology allows them to deliver orders to consumers in 39 minutes on average . To further digitalize the neighborhood retail industry end-to-end, they launched their intelligent fresh market business in the second half of 2020 and started the retail cloud business initiative in 2021, further empowering players in the neighborhood retail industry to embrace the digital transformation with AI-driven technology platform and other core capabilities.
<img style="display: block; margin-left: auto; margin-right: auto;" src="https://cdn.gfzq.cn/hkstore/article/27f663e40ad220505fdcb7c469d8860.jpg" alt="" width="1000" height="625" />

GF Hong Kong Assists Missfresh in its Successful Listing on NASDAQ

In recognition of companies that have made outstanding contributions to the advancement of Hong Kong&rsquo;s financial technology in the past year, the &ldquo;2020 Fintech Awards&rdquo; ceremony was held by ETNet, a leading financial information platform in Hong Kong, on 12 January 2021. On the strength of its outstanding performance in the development of trading platforms, GF Holdings (Hong Kong) Corporation Limited (&ldquo;GF Holdings (HK)&rdquo;) stood out from the crowd and won the Award for Outstanding Security Online Transaction Platform.
&ldquo;GF Holdings (HK) has always been committed to providing customers with a safe and reliable trading and wealth management platform. By deploying multiple industry-leading security measures, we aim to protect the assets and information security of APP and PC users of E-Commerce International, as well as our institutional clients, so as to safeguard customers&rsquo; investments and wealth globally,&rdquo; said Ryan Zhang, head of Information Technology of GF Holdings (HK).&nbsp;
Despite the COVID-19 pandemic in 2020, fintech continued to rapidly evolve as the financial industry more actively promoted digital transformation. Themed &ldquo;Shaping a Sustainable FinTech Future&rdquo;, the event this year aims to recognise the award-winners&rsquo; innovation in fintech services and their determination to promote digital transformation, while highlighting the opportunities and challenges presented by fintech development. GF Holdings (HK) has always attached great importance to the investment in fintech, and has been actively expanding its fintech R&amp;D team in a bid to promote independent R&amp;D and technological innovation in such areas as big data, artificial intelligence, platform-based development and client terminals. GF Holdings (HK) has also launched in-house built functional modules in its official trading APP &ndash; E-Commerce International through its subsidiary GF Securities (Hong Kong) Brokerage Limited. These modules support overseas portfolio management of funds, bonds and structured products, Hong Kong/US/A-share securities trading, robo-advisor &ldquo;Beta Bull&rdquo;, online customer service, and online account opening system designed for mainland China users. It has also co-developed a new generation of smart customer service robot. All these have greatly improved the efficiency and customer experience for online transactions.
The award not only recognises GF Holdings (HK)&rsquo;s capabilities in fintech innovation, but also confirms its achievements in promoting fintech applications. As a company based in the Greater Bay Area with advanced trading platforms and technology advantages, GF Holdings (HK) will continue to enhance its R&amp;D capabilities, drive the industry progress through fintech, and provide investors at home and abroad with quality and comprehensive financial and trading services.

GF Holdings (HK) wins Award for Outstanding Security Online Transaction Platform

At the second &ldquo;Golden Central Forum&rdquo; co-sponsored by Zhitong Caijing, a leading Hong Kong and US stock information platform , and Tonghuashun Caijing held in Shenzhen on 7 January 2021, GF Securities (Hong Kong) Brokerage Limited (&ldquo;GF Securities (HK)&rdquo;) was presented with the &ldquo;Best Wealth Management Award&rdquo;. The Golden Central Awards aim to recognise extraordinary and renowned Hong Kong financial institutions in each niche area.&nbsp;
During the 3-month award selection process, it had attracted nearly 100 institutions to participate and more than 600,000 votes had been received. Being commended for the outstanding performance and service, GF Securities (HK) has won the &ldquo;Best Wealth Management Award&rdquo;, which is a recognition from the industry and clients and a representation of the company&rsquo;s continued efforts to improve customer experience and create greater value for customers.
Despite the COVID-19 pandemic in 2020, the Hong Kong IPO market was still making history. A total of 144 companies were listed on the main board of Hong Kong Stock Exchange throughout the year, raising nearly HK$360 billion, which reached a record high in a decade, and the trading volume increased by nearly 50% year-on-year. In this active market, GF Securities (HK) continued to optimise and improve customer experience through its excellent service philosophy and financial technology, and thus achieved substantial growth in multiple dimensions such as customer acquisition, asset acquisition and customer transactions. In particular, great progress had been made in its transformation of wealth management business, which greatly expanded the wealth management product offerings and achieved triple-digit growth in annual income.
In order to promptly respond to the changing investment and financing needs of customers, GF Securities (HK) attaches great importance to the role fintech can play in global investment. The E-Commerce International APP developed by GF Securities (HK) not only provides real-time information of stock markets in Hong Kong, US and mainland China as well as core functional modules for multi-market transactions, it also features wealth management services for global funds, bonds and structured products. In addition, the APP is also a convenient channel for providing customers with a variety of account, fund and banking services. In the future, GF Securities (HK) will continue to forge ahead and provide first-class comprehensive wealth management services and experiences for domestic and overseas customers.

GF Securities (HK) wins the Best Wealth Management Award

The Grand Final and Awarding Dinner of the HKUST-Sino One Million Dollar Entrepreneurship Competition 2020 were successfully held recently. This year the Competition received more than 1800 entrepreneurship plans from 8 regions, namely Beijing, Shenzhen, Guangzhou, Yangtze Delta, Zhongshan, Foshan, Hong Kong and Macau. The top 20 teams were picked among the top 3 of each region to battle for the exclusive million-dollar championship. After a fierce competition, this year&rsquo;s triumph of the nation eventually went to Sitan Technology with a one-million-dollar cash prize.
The Competition has already made a path of a decade since its establishment in 2011. Since 2016, the Competition started to step out of HKUST campus and expand from a single-region match to an 8-region one, growing into a renowned entrepreneurship contest in the Greater China region. As the platinum sponsor of the Hong Kong region, GF Securities has intensely sponsored the Competition for 4 consecutive years and set up the GF Innovation Award for 2 years in a row, to support certain spectacularly innovative business plans.
The winner of the President Award, the highest rank in Hong Kong region, as well as the GF Innovation Award, sponsored by GF Securities Co., Ltd. (&ldquo;GF Securities&rdquo;, stock code: 1776.HK; 000776.SZ), was the biotech start-up SPES Tech. It defeated other candidates with its proprietary photosensitive hydrogel that possesses a higher bioactivity and simulates a more flexible and accurate microscopic human cell environment for biomedical studies. SPES Tech was also shortlisted for the Grand Final, competing against other finalists from the 8 regions across the nation.
Through participating in the Competition, SPES Tech team believed that not only have they gained an attractive cash prize for testing and research but also a more in-depth understanding of product commercialisation as well as feedback and opinions from the judges from a business perspective. Furthermore, the team has been connected with more industrial friends in the healthcare sector, which is extremely helpful for their future development.
As a sophisticated sponsor for the Competition, GF Securities also provided professional opinions and guidance with its own abundant resources and experience. Dr Yingying Chen, Managing Director at GF Investments (Hong Kong) Company Limited (&ldquo;GF Investments (Hong Kong)&rdquo;), also an experienced investor, once again participated as an adjudicator in the final of Hong Kong region this year. Dr Yingying Chen said, &ldquo;I am so honoured to represent GF Securities again as the adjudicator. As a direct investment firm which focuses on domestic and overseas equity investments in Small and Medium Enterprise (SME) and possesses rich resources of start-up investments as well as management experience, GF Investments (Hong Kong) has always been closely following outstanding start-ups in every field. This year&rsquo;s competition has been an extremely intense one, and lots of distinguished entrepreneur teams have flocked, both showing Hong Kong youths&rsquo; passion in entrepreneurship and the current friendly environment.&rdquo; Dr Chen also mentioned, compared to last year, this year she saw more projects in the biomedical field, exactly in which GF Investments (Hong Kong) has been most interested. The COVID-19 pandemic and The Stock Exchange of Hong Kong welcoming pre-profit biotech firms to list in Hong Kong were believed to be possible reasons. Students have utilised Hong Kong&rsquo;s blessed financial advantages, stayed tuned with changes in the capital market and astutely observed the current atmosphere, thus producing plenty of innovative technologies and ideas. GF Securities and its subsidiary, GF Investments (Hong Kong), will continue to help effectively match exceptional projects with funds and resources, boosting the development of start-ups and contributing to nurturing more brilliant entrepreneurs.
As one of the most influential brokers in the Chinese capital market, GF Securities has always been adhering to its community motto of &ldquo;Gathering love and giving from the heart.&rdquo; In China, GF Securities has also carried out the campaign of &ldquo;Micro-entrepreneurs in Universities&rdquo; for 6 consecutive years through GF Securities Social Charity Foundation. Since 2015, GF Securities has already donated RMB20.2 million, in which RMB4.5 million was for the supporting foundation for university entrepreneurs. To date, 176 micro-entrepreneurship tutors and nearly 40 high schools, including Peking University and Tsinghua University, have profoundly participated in the campaign, impacting tens of millions of people in manifold ways. This campaign aims to support and aid youth&rsquo;s dreams of entrepreneurship by encouraging and advising university students to broaden their horizons, optimise their entrepreneur projects and match risk investment resources. Looking forward, GF Securities will bear its original aspiration in mind and make use of its influence, committing to charity with actual deeds and fully supporting entrepreneurship of the young generation.

GF Securities Sponsored HKUST Entrepreneurship Competition for 4 Years
Assisting Hong Kong Youths to Start Businesses


At the 2020 China Securities Industry Junding Award Ceremony organised by Securities Times, Stock Brokers China and Securities China News APP on 27 November 2020, the E-Commerce International APP run by GF Securities (Hong Kong) Brokerage Limited (&ldquo;GF Securities (HK)&rdquo;) won the &ldquo;Junding Award for Hong Kong and US Stock Broker APP&rdquo; for the second year in a row.
Nominations for the coveted award is based on brokers&rsquo; development and utilisation of their APPs that provide overseas stock transaction services for investors in mainland China. As a broker that values technology and user experience, GF Securities (HK) is committed to combining advanced technology features to the daily customer service to constantly enhancing their investing experiences in US and Hong Kong stocks. Since its launch, E-Commerce International APP had been striving to apply state-of-the-art fintech to the global investment terrain, and had won well-recognized praise from the industry and customers.
This also marks the second prominent award won by GF Securities (HK) and its E-Commerce International APP after winning the &ldquo;Jinwu Award&rdquo; in September this year.
On 10 September 2020, GF Securities (HK) was awarded the &ldquo;Most Influential Wealth Management Platform&rdquo;, and the E-Commerce International APP was awarded the &ldquo;Best APP Experience Award&rdquo; at the &ldquo;2020 Fengqi Wutong Hong Kong Stock Financial Summit&rdquo; and &ldquo;Financial Institution Value Ranking and Jinwu Award Ceremony&rdquo; co-organised online by ifeng Finance and ifeng Hong Kong Stock. Judging criteria included industry data, in-depth expert analysis, netizens&rsquo; online voting and authoritative judges&rsquo; offline evaluations.
Winning these industry awards reflects domestic and foreign investors&rsquo; high recognition of GF Securities (HK) for its professionalism, innovation and fintech capabilities, who, in return, will continue to provide global investors with quality services that exceed their expectations.

E-Commerce International won the “Junding Award for Hong Kong and US Stock Broker APP” for the Second Consecutive Year

GF Securities has signed a Memorandum of Understanding (MoU) with the Singapore Exchange (SGX), a leading exchange in the region, to promote greater connectivity between China and Singapore&rsquo;s capital markets.
The MOU was announced at the 11th Singapore-Guangdong Collaboration Council meeting co-chaired by Guangdong Governor Ma Xingrui and Singapore&rsquo;s Minister for Transport Ong Ye Kung.
Under the MOU, SGX will collaborate with GF Securities, whose wholly owned subsidiary, GF Futures (Hong Kong), has been a derivatives trading member of SGX since 2011, to expand its reach and services in Singapore and the region. This includes plans to build on its existing distribution of SGX&rsquo;s derivatives products such as Chinese Renminbi futures, and facilitate access to SGX&rsquo;s securities market. GF Securities will also raise awareness of multi-asset investment opportunities in both markets, in particular SGX-listed real estate investment trusts (REITs) and fixed income products.
GF Securities has been participating in SGX&rsquo;s over-the-counter bond trading platform, and is looking to further increase its FX futures and commodity derivatives trading on SGX as well as promote the listing of fixed income products on SGX. Its subsidiary, GF Securities (Hong Kong) Brokerage Co., Ltd., plans to apply for SGX&rsquo;s securities trading membership to offer its customers online brokerage services for SGX&rsquo;s securities products.
Through its wealth management and asset management businesses, GF Securities will work with SGX to jointly engage institutional investors in both China and Singapore.
Sun Shuming, Chairman and General Manager of GF Securities, said, &ldquo;Financial cooperation has been one of the brightest spots since China and Singapore established bilateral relations thirty years ago. This agreement underlines our commitment to actively participate in the Belt and Road Initiative and marks a new step in our internationalisation efforts. Stronger financial connectivity between China and Singapore not only enables Chinese enterprises and investors branching out overseas, but also introduces RMB assets to global investors.&rdquo;
Loh Boon Chye, CEO of SGX, said, &ldquo;We look forward to deepening our cooperation and relationship with GF Securities, whom we have worked closely with in the past decade. As investors increasingly adopt multi-asset strategies to achieve their investment objectives in the current low interest rate environment, this collaboration with GF Securities paves the way for its clients to access the wide range of investment products and opportunities offered by SGX, thereby enhancing capital flows between China and Singapore.&rdquo;
As SGX&rsquo;s derivatives trading member since 2011, GF Futures (Hong Kong) &nbsp;hasestablished deep cooperation with SGX in various aspects. It accounts around 5% of the total market liquidity on iron ore swap, and its open position on SGX CNH futures also reaches 20% of market. GF Futures (Hong Kong) achieved the "Three Firsts" at SGX over the past two year including the largest Chinese FCMs in iron ore trading, the first among Chinese FCMs in the open position of RMB futures, as well as the first Chinese FCMs to participate in FlexC futures trading. It also won the honorary title of "Best Chinese FCMs (Iron Ore)" of SGX for two consecutive years in 2019 and 2020, and was awarded the honor of "Pioneer of Chinese FCMs (FlexC)" in 2019 in recognition of its special contribution.

GF Securities and SGX to promote greater connectivity between China and Singapore’s capital markets 

(27 March 2020, Hong Kong) GF Securities Co., Ltd. ("GF Securities" or the "Company", together with its subsidiaries, the &ldquo;Group&rdquo;; HKSE: 1776; SZSE: 000776), one of the most influential securities companies in China, announced its annual results for the twelve months ended 31 December 2019 (the &ldquo;Reporting Period&rdquo;). In 2019, GF Securities continued to maintain favorable development momentum with overall good operating performance, and achieved a significant increase in key financial indicators, such as revenue and net profit. During the Reporting Period, the Group&rsquo;s total revenue and other income recorded RMB30,077 million, representing a year-on-year increase of 31.82%. The net profit attributable to owners of the Company rose by 75.32% year-on-year to RMB7,539 million.
Mr. Sun Shuming, the Chairman of GF Securities Co., Ltd., said: &ldquo;Facing the complicated internal and external environments in 2019, GF Securities&rsquo; management has cultivated with all staff in a cohesive way and the Company&rsquo;s respective key operational indicators continued to stand at the top of the industry. The year 2020 is a decisive year for building China into a moderately prosperous society, the last year of China&rsquo;s 13th Five-year Plan, and a critical year for poverty alleviation. Facing the sudden outbreak of novel coronavirus disease at the beginning of the year, the Company responded quickly with assistances including from capital and resources to financial services, proactively fulfilling our social responsibilities as a corporate citizen.&rdquo;
Speeding up the transformation of the investment banks customer structure and ranking 4th in the industry by the number of acting as a lead underwriter in equity financing projects
In 2019, GF Securities continued to speed up the strategic transformation of the customer structure and continually expanded and reserved large customers with high quality. Actively responding to the national strategic deployment and regulatory requirements, the Company focused on the projects in the STAR Market and endeavored to develop, cultivate and recommend the listing of projects in the STAR Market. And the Company continuously improved the internal control system of investment banks by strictly controlling project risks and insisting on stable and balanced development.
During the Reporting Period, the Company completed 34 equity financing projects, for which it acted as a lead underwriter, ranking 4th in the industry. The equity financing lead underwritten amount was RMB26.614 billion, ranking 8th in the industry. Among these projects, the Company acted as a lead underwriter for 16 IPOs, ranking 4th in the industry and the lead underwritten amount was RMB8.96 billion, ranking 5th in the industry. For the debt financing business, the Company acted as the lead underwriter for 166 bonds, with a total underwritten amount of RMB135.929 billion, representing a year-on-year increase of 41.13%. As of the end of 2019, the Company sponsored a total of 64 companies listed on the NEEQ as the lead brokerage, of which there were 12 innovative enterprises.
Leading scientific and technological financial model in the industry to boost the transformation of wealth management business In 2019, leveraging on financial technology, the Company made good progress in promoting the transformation of its business model to digitalization and intelligence and the transformation of its business lines from brokerage to wealth management, expanding institutional brokerage business and comprehensive business and other aspects.
In 2019, the Company endeavored to build a quick trading system for the brokerage business by constructing a full chain quick passage from day trading to day-end clearing, built Touyitong (投易通) trading platform as a trading service port for professional investors to provide them with algorithm transaction support and smart information warning for their positions, continuously improved the self-developed blockchain based ABS credible cloud system for monitoring the status of underlying assets in the CMBS commercial property special plan, implemented the strategic idea of data center and intelligent center and made continuous effort to optimize the big data and artifi&shy;cial intelligence open platform (GF-SMART), developed the technical application of intelligent warning, intelligent recommendation, intelligent calling and knowledge map, established real-time, penetrating and continuous risk tracking and measurement to provide an integrated compliance and risk control capability coverage for the entire group and business, constantly pushed on the cloud evolution of the Company&rsquo;s own infrastructure, integrated the idea of micro-service and DevOps at the platform level and laid a solid foundation for our business development. As of the end of 2019, the Company has in aggregate applied for 29 invention patents, 3 utility model patents and 12 software copyrights; among them, the Company has obtained 1 utility model patent and 12 software copyrights.
Benefiting from the continuously implement of financial technology strategy, the Company&rsquo;s trading volume of stocks and funds increased by 33.37% year-on-year to RMB11.07 trillion (bilateral statistics) in 2019. As of the end of 2019, the number of the Company&rsquo;s mobile-phone securities users exceeded 27.20 million, representing an increase of approximately 23% as compared to the end of last year; the number of subscribers of the Company&rsquo;s WeChat account was over 3.00 million; during the Report Period, the sales and transfer amount of financial products of the Yitaojin E-commerce platform amounted to RMB366.2 billion (including GF Golden Cash Return Collective Asset Management Scheme); the Betanew (貝塔牛) smart investment advisory system served over 800,000 customers accumulatively with the sale amount of financial products of RMB22.8 billion.
Outstanding performance in trading and institution business while investment research capability maintaining excellent In respect of trading and institution business, in 2019, the Company obtained the 2019 AA (highest) rating in terms of the SSE&rsquo;s 50ETF market maker business, and ranked No.9 among securities firms in terms of the trading volume of bonds in China. As of the end of 2019, the Company provided market-making services for 102 NEEQ enterprises and was recognized as &ldquo;Excellent Market Marker of the Year&rdquo; and &ldquo;Excellent Market Maker of the Year in Market-Making Size&rdquo; by NEEQ. In respect of asset custody business, total asset scale of asset custody and fund service business provided by the Company as at the end of 2019 was RMB217.365 billion, representing an increase of 16.44% as compared to the end of 2018, of which the scale of trust products was RMB95.146 billion, and the scale of fund service products provided was RMB122.219 billion. The Company has issued 15,080 OTC products in aggregate with an aggregate amount of approximately RMB727.948 billion as at the end of 2019, with a market value of approximately RMB51.031 billion. Specifically, the Company issued 4,744 new OTC products with an aggregate amount of RMB103.948 billion during 2019. Its wholly-owned subsidiary GF Qianhe actively carried out alternative investment business with its own funds. During the Reporting Period, GF Qianhe completed 19 new equity investment projects with a total investment of RMB0.806 billion. As of the end of 2019, GF Qianhe has completed 117 equity investment projects.
GF Securities&rsquo; investment research capability maintained its leading position and granted several major titles, including 1st in the &ldquo;New Fortune&rsquo;s Domestic Best Research Teams&rdquo; again, &ldquo;Top 5 Golden Bull Research Team&rdquo; awarded by &ldquo;China Securities Industry Analyst Golden Bull Award&rdquo; for the sixth consecutive year and 2nd in the &ldquo;Best Analyst Team&rdquo; by &ldquo;Institutional Investors &bull; Caixin Capital Market Analyst Achievement Award&rdquo; in 2019 for the first time. GF Securities&rsquo; equity research covers nearly 700 A shares listed company in the PRC in 28 industries and nearly 110 companies listed on the Hong Kong Stock Exchange. Currently, the Company is actively promoting the internationalization of research brands so far as permitted by and in compliance with laws and regulations.
Leveraging on the financial group edges to improve investment management capability Leveraging on the financial group structure edges, GF Securities has been continuously strengthening investment management capability through its subsidiaries in 2019. As of the end of 2019, its wholly-owned subsidiary GF Asset Management had a net asset management scale of RMB297.214 billion and successfully issued two products transferred from large collectives to public offerings; its wholly-owned subsidiary GF Xinde set up and managed nearly 40 private funds and the total size of customers&rsquo; asset under management was near to RMB10 billion. GF Xinde and the funds under its management completed approximately 250 equity investment projects covering industries such as biomedicine, intelligent manufacturing and corporate service.
The Group&rsquo;s controlled subsidiary, GF Fund, and associate company, E Fund maintained its leading position in the industry. As at the end of 2019, the publicly offered funds managed by GF Fund have reached RMB502.56 billion, representing an increase of 7.28% as compared to the end of 2018, and the total fund size excluding money market funds and short-term wealth management bond funds was RMB278.46 billion, ranking 7th in the industry; the publicly offered funds managed by E Fund have reached RMB730.870 billion, representing an increase of 11.75% as compared to the end of 2018, and the total fund size excluding money market funds and short-term wealth management bond funds was RMB405.086 billion, ranking 1st in the industry.
Looking ahead to 2020, GF Securities will further uphold the philosophy of a robust operation, strengthen internal control management and continue to deepen the promotion of transformation of investment banking, wealth management, trading and institutions, investment management businesses, as well as prudently implement the overall requirements of &ldquo;leading the healthy development of the industry with cultural construction&rdquo; by the regulatory authorities, further increase cultural soft power of the Company, and take on more important historical mission.
&nbsp;

GF Securities Announced 2019 Annual Results

<img style="display: block; margin-left: auto; margin-right: auto;" src="https://cdn.gfzq.cn/hkstore/article/1606292296262.jpg" alt="" width="600" />
Hong Kong, December 20, 2019 &ndash; Poly Property Development (06049 HK), a leading comprehensive property management service provider in China, was successfully listed on the Main Board of the Stock Exchange of Hong Kong yesterday. GF Holdings (Hong Kong) acted as Joint Sponsor, Joint Global Coordinator and Joint Bookrunner.
The company issued 133 million shares (pre-greenshoe) at an offer price of HK$35.10 per share (the upper-end of its price range), raising HK$4.68 billion (~US$600 million) and making it the largest IPO among property management companies listed in Hong Kong. The IPO has been well-received by the market. Shares were oversubscribed by 222x in the Hong Kong public offering tranche, freezing the largest amount of funds this year, exceeding that for Alibaba. Four cornerstone investors participated in the IPO, including GIC (subscription amount: US$85 million), Hillhouse Capital (US$35 million), China Structural Reform Fund (US$30 million) and China Communications Construction Company (US$30 million), totalling US$180 million.
Acting as Joint Sponsor, Joint Global Coordinator and Joint Bookrunner, GF Holdings (Hong Kong) worked closely with the issuer. As one of the earliest participating brokers in the deal, GF Holdings (Hong Kong) facilitated communication between the company and regulators at home and abroad, and brought in high-quality institutional cornerstone and anchor investors. We also attracted a large number of quality clients in the international offering tranche, demonstrating our strong client coverage and marketing strength. Poly Property Development is a leading comprehensive property management service provider in China with over 23 years of experience that focuses on first and second-tier cities and covers all national-level urban agglomerations. It was ranked fourth among the Top 100 Property Management Companies in China. Its brand was valued at more than Rmb9.0 billion in 2018, according to China Index Academy.

Greater Farther Stronger

What's New