Shenwan Hongyuan is a state-owned securities brokerage company in China which engages in the operation of large-scale comprehensive securities broking and trading services. The company was founded in 1996 and is headquartered in Xinjiang, China.
History
Shenwan Hongyuan is the result of multiple mergers of Chinese securities firms.[2]
The company was first established on 16 September 1996, as Shenyin & Wanguo Securities via a merger between Shenyin Securities and Wanguo Securities.[2][3][4] The merger happened in response to the "327 incident" which occurred in 1995. It involved a placement of a huge sell order on three-year government bond futures shortly before the close of trading on 23 February.