The story
Haitong was founded in 1988 in mainland China. In April 2012, it IPO'd after two tries (December 2011 was cancelled due to market conditions), in Hong Kong. It began trading in the Hong Kong Stock Exchange on April 27, 2012.
In 2015, Haitong Securities completed the purchase of BESI, the investment banking operations of Portuguese bank Novo Banco.
In 2019, Haitong Securities Co., Ltd. appoints Mao Yuxing as Deputy General Manager.
On July 24, 2021, the China Securities Regulatory Commission released the "2021 Securities Company Classification Results", in which Haitong Securities was rated BBB, a significant decrease from the AA level in 2020.
In September 2024, Guotai Jun'an Securities announced it will merge with Haitong. On 4 March 2025, Haitong A and H shares were delisted from Shanghai and Hong Kong Stock Exchanges. The merger was completed in April 2025.
From Wikipedia’s article on Haitong Securities, shared under CC BY-SA 4.0.3