Guolian Securities

Guolian Securities (国联证券) is a Chinese full-service securities company headquartered in Wuxi, Jiangsu Province. It is one of the securities firms controlled by the Wuxi municipal state-owned assets system, with Wuxi Guolian Development (Group) Co., Ltd. as its principal state shareholder. The company provides a broad range of capital-market services, including securities brokerage, margin financing and securities lending, wealth management, investment banking (equity and bond underwriting, M&A advisory), asset management, proprietary trading, and securities investment advisory. It serves individual investors, institutional clients, and corporate issuers across mainland China. The firm traces its origins to the early 1990s, when China's securities industry was being established. Guolian Securities was founded in 1992 and has since grown into a regionally rooted but nationally licensed securities house. It is listed on the Shanghai Stock Exchange under the ticker 601456 and on the Hong Kong Stock Exchange under 01456, giving it access to both onshore and offshore capital. Its brand is closely associated with the Wuxi and broader Jiangsu regional economy, while its business footprint extends to major Chinese cities through a network of branches and securities service departments. In recent years Guolian Securities has pursued expansion through acquisitions and capital raising, including a proposed combination with Guolian Minsheng Securities (formerly Minsheng Securities), a transaction that would significantly enlarge its scale and market position. The company has also invested in digital brokerage and wealth-management platforms, reflecting the broader trend of Chinese securities firms building app-based retail channels. Its official website is glsc.com.cn. As a state-linked securities firm, Guolian Securities operates under the regulatory framework of the China Securities Regulatory Commission (CSRC) and is subject to the supervision of the Shanghai and Hong Kong exchanges. Its business is sensitive to domestic equity-market conditions, interest rates, and regulatory policy, which shape both its brokerage commissions and its investment-banking pipeline.

Guolian Securities was established in 1992, during the early development of China's modern securities market. It grew out of the Wuxi regional economic and state-asset ecosystem, with Wuxi Guolian Development (Group) Co., Ltd. as its principal state shareholder. Over the following decades the company obtained a full set of securities business licenses and expanded from its Jiangsu base to operate branches and securities service departments in major Chinese cities. The firm's development reflects the broader evolution of China's securities industry: from the early brokerage-focused model of the 1990s, through the expansion of margin financing, wealth management and asset management in the 2000s and 2010s, to the current emphasis on digital brokerage and comprehensive financial services. Guolian Securities built a retail investor base through its branch network and, more recently, through mobile trading applications. A significant strategic move was the company's pursuit of a combination with Guolian Minsheng Securities (formerly Minsheng Securities). The transaction, announced in the 2020s, was intended to create a larger securities group with greater scale in brokerage, investment banking and asset management. The deal underwent regulatory review and became a defining event in the firm's recent history. Guolian Securities is listed on the Shanghai Stock Exchange (601456) and the Hong Kong Stock Exchange (01456). Its dual listing supports capital raising and enhances its profile among domestic and international investors. The company continues to operate under the supervision of the China Securities Regulatory Commission and the relevant exchanges, and its performance is closely tied to conditions in China's capital markets.

• 2020

  Guolian Securities is listed on the Shanghai Stock Exchange under ticker 601456.

• 2020

  Guolian Securities is listed on the Hong Kong Stock Exchange under ticker 01456.

• 2020

  The company announces a proposed combination with Guolian Minsheng Securities (formerly Minsheng Securities).

• 1992

  Guolian Securities is founded in Wuxi, Jiangsu, China.

• Securities brokerage

  Execution and clearing services for retail and institutional clients trading stocks, bonds, funds and other securities.

• Margin financing and securities lending

  Credit services allowing clients to borrow funds or securities for leveraged trading.

• Wealth management

  Advisory and product distribution services for individual investors, including funds and structured products.

• Investment banking

  Equity and bond underwriting, IPO sponsorship, and mergers and acquisitions advisory.

• Asset management

  Management of collective and segregated asset management products for clients.

• Proprietary trading

  Principal investing and trading in securities and derivatives.

• 2020

  Inadequate Preparation for Major Asset Restructuring and Insufficient Assessment of Market Impact, Receives Warning Letter

  In November 2020, the CSRC stated that Guolian Securities had inadequately assessed regulatory policies, prepared alternative plans, and evaluated market impact when planning a major asset restructuring, and issued a warning letter to the company.

  Source

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• 2021-12-07

  Guolian Securities chairman Yao Zhiyong resigns[3]国联证券董事长姚志勇辞职biz.jrj.com.cn

  Guolian Securities said chairman Yao Zhiyong applied to resign from his chairman, director, committee-chair and other positions for work-transfer reasons. Executive director and president Ge Xiaobo was performing the chairman and legal representative duties at the time of the report.

• 2020-10-12

  Guojin Securities and Guolian Securities terminate planned merger[4]国金证券与国联证券终止合并计划sichuan.scol.com.cn

  Guojin Securities and Guolian Securities terminated their planned merger after the parties failed to agree on some core terms of the transfer and merger plans. The related agreements were confirmed to terminate automatically, with no party liable for breach.

• 2020-09-20

  Guolian Securities and Guojin Securities announced merger intentions[5]国联证券与国金证券公告合并意向tech.sina.com.cn

  Reported: 2020-09-20

  Guolian Securities and Guojin Securities announced an intention to combine, according to the article.

• 2020-02-21

  Guolian Securities reports 2019 annual results[6]国联证券披露2019年年度业绩tech.sina.com.cn

  Reported: 2020-02-22

  Guolian Securities disclosed its 2019 annual results, reporting revenue of RMB 2.124 billion, up 41.87%, and net profit attributable to shareholders of RMB 521 million, up 930.57%.

1. 1Guolian Securities official websiteglsc.com.cn
2. 2Inadequate Preparation for Major Asset Restructuring and Insufficient Assessment of Market Impact, Receives Warning Letteryicai.com
3. 3国联证券董事长姚志勇辞职biz.jrj.com.cn
4. 4国金证券与国联证券终止合并计划sichuan.scol.com.cn
5. 5国联证券与国金证券公告合并意向tech.sina.com.cn
6. 6国联证券披露2019年年度业绩tech.sina.com.cn
7. 7国联国金证券合并，秀块头容易增臂力难finance.sina.com.cn