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

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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.

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