Haitong Securities Co. Ltd. - S&P Global Ratings’ Credit Research

Haitong Securities Co. Ltd.

Haitong Securities Co. Ltd. - S&P Global Ratings’ Credit Research
Haitong Securities Co. Ltd.
Published Jul 22, 2014
2553 words — Published Jul 22, 2014
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Strong market position in China's retail brokerage segment. Conservative management. Strong capitalization. Risk management system is at the early stage of development. Revenue concentrated in the stock brokerage business and investment gains. The issuer credit rating on Haitong Securities Co. Ltd. mainly reflects the company's strong market position in China's retail brokerage segment and its strong capitalization. These features contribute to Haitong's long record of brokerage operations across business cycles. The company's developing risk management and its revenue concentration offset these strengths. Our rating also reflects our classification of Haitong as a government-related entity and our opinion that there is a "moderate" likelihood that the Shanghai municipal government would provide timely and sufficient extraordinary support to Haitong if the company

  
Brief Excerpt:

RESEARCH Haitong Securities Co. Ltd. Publication date: 22-Jul-2014 Primary Credit Analyst: Joseph M Leung, Hong Kong 852-2533-3553; joseph.leung@standardandpoors.com Secondary Contact: Qiang Liao, PhD, Beijing (86) 10-6569-2915; qiang.liao@standardandpo...

  
Report Type:

Full Report

Issuer
Haitong Securities Co. Ltd.
GICS
Investment Banking & Brokerage (40203020)
Sector
Global Issuers
Country
China
Region
Emerging Markets
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Haitong Securities Co. Ltd." Jul 22, 2014. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Haitong-Securities-Co-Ltd-1347978>
  
APA:
S&P Global Ratings’ Credit Research. (). Haitong Securities Co. Ltd. Jul 22, 2014. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Haitong-Securities-Co-Ltd-1347978>
  
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