Yuekai Securities

What Yuekai Securities does

Yuekai Securities (粤开证券) is a China-based full-license securities firm (founded 1988; NEEQ-listed under 830899) that provides brokerage, asset management, credit trading, stock options, investment banking, and financial product distribution services to retail and institutional clients. The firm is controlled by Guangzhou Development Zone Holding Group (since 2019), a state-owned enterprise with an AAA credit rating and assets exceeding 100 billion RMB, and operates its headquarters out of the Huangpu District of Guangzhou within the Guangdong-Hong Kong-Macao Greater Bay Area. It markets and serves customers through a 35+ branch physical network spanning mainland China, Hong Kong, Macau, and Taiwan, alongside digital channels including WeChat (lx95564), a 24/7 hotline (95564), and mobile onboarding.

The company's product surface comprises six core regulated business lines — Wealth Management, Asset Management, Credit Transactions (margin financing/securities lending and stock-pledge repo, established July 2011), Stock Options (launched August 2015 on Shanghai/Shenzhen exchanges), Investment Banking (IPO, refinancing, M&A, NEEQ, bond financing), and Financial Product Distribution (funds, trusts, asset management plans, bank wealth products) — supported by proprietary trading software including the 粤开金融终端 desktop terminal, the 粤开通达信版 platform, the 粤开证券钱龙期权 options terminal, the 粤管家 mobile app, and the 粤开期权宝 simulated-options learning tool.

Yuekai earns revenue from a diversified mix of transaction commissions, asset-management and performance fees, interest on margin financing and stock-pledge repo, IB and underwriting fees, distribution commissions on third-party financial products, and options premiums — pricing for retail brokerage is CSRC-regulated and not publicly disclosed. The firm explicitly targets 'quasi-top-tier' industry status within five years of its 2020 strategic reset, with 1,001–5,000 employees and an executive bench led by CEO Song Tao Yao and Chairman Yan Yibin.

Name

Yuekai Securities

Legal name

粤开证券股份有限公司

Website

https://lxsec.com

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Yuekai Securities (粤开证券) is a China-based full-license securities firm that provides wealth management, asset management, credit trading, stock options, and investment banking services. It serves retail and institutional investors through 35+ branches nationwide and is controlled by state-owned Guangzhou Development Zone Holding Group.

Ownership category

akta.pro rank

Headquarters

HQ city

Huizhou

HQ country

China

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Brokerage Commission: Agency brokerage services for stocks, bonds, and funds trading, generating commissions from securities transactions
2. Asset Management Fees: Management fees and performance fees from public and private asset management products including money market funds, fixed income, FOF, and equity products
3. Margin Trading Interest: Interest income from margin financing (融资融券) and stock pledge repo transactions
4. Investment Banking: Fees from IPO underwriting, M&A advisory, bond issuance, and New Third Board services
5. Financial Product Distribution: Commission from distributing funds, trusts, asset management plans, and bank wealth management products
6. Options Trading: Premium and commission income from stock options trading services

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Yuekai Securities is a China-based full-license securities brokerage firm that provides securities trading, wealth management, asset management, margin and securities financing, stock options, and investment banking services. The firm operates through a nationwide branch network and proprietary digital trading platforms including its YKPC Financial Terminal, mobile applications, and options trading tools.

Product overview

Yuekai Securities is a full-service securities company offering an integrated platform-plus-modules architecture. The core offering comprises six main business lines: Wealth Management (代理股票、基金、债券、港股通等全品类业务), Asset Management (公募/私募集合资产管理、单一资产管理、专项资产管理), Credit Transactions (融资融券、股票质押式回购), Stock Options (上交所/深交所期权), and Investment Banking (IPO、再融资、并购重组、新三板及债券融资). Supporting the core business are proprietary software products including 粤开金融终端 (desktop trading terminal), 粤开通达信版 (Tongda Xinfeng platform), 粤开证券钱龙期权 (options-focused software), 粤管家APP (mobile app), and 粤开期权宝模拟交易 (options simulator). The company operates nationwide with branches across mainland China, Hong Kong, Macau, and Taiwan.

Differentiator

Problem solved

Functional benefit

Brands

• 粤开金融终端: Recommended financial terminal software for trading
• 粤开通达信版
• 粤开证券钱龙期权
• 粤管家APP
• 粤开期权宝

Products and services

• Wealth Management Services

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• CICC (China International Capital Corporation): Major Chinese full-service securities firm offering brokerage, asset management, and investment banking. Directly comparable as a comprehensive broker-dealer with both retail and institutional capabilities, though at substantially larger scale and with deeper IB presence.
• Everbright Securities: Mid-to-large Chinese securities firm with comparable full-license coverage across wealth management, asset management, credit trading, and investment banking. Similar SOE-backed profile (China Everbright Group) and broad branch network make it a close comparable.
• China Galaxy Securities: Major Chinese securities firm with strong brokerage, asset management, and securities financing capabilities. Directly comparable as a comprehensive broker-dealer, though larger in scale; useful benchmark for Yuekai's growth trajectory.
• Huatai Securities: Top-tier Chinese securities firm providing full-license services including brokerage, asset management, and investment banking. Comparable as a comprehensive broker-dealer, though significantly larger with stronger digital platform footprint (ZhangLeMaiJia app).
• Industrial Securities: Mid-tier Chinese broker-dealer offering wealth management, asset management, brokerage, and investment banking services. Yuekai listed Industrial Securities among its 2015 funding round investors, and the firms share comparable business mix and scale.
• Soochow Securities: Mid-tier Chinese full-service securities firm with brokerage, asset management, and investment banking lines. Comparable in scale and regional orientation, serving as a relevant benchmark for Yuekai's tier positioning.

Broad incumbents

• Haitong Securities: Major Chinese broker-dealer with comprehensive securities services and strong institutional client base. A larger incumbent in the same full-license broker-dealer space; relevant for benchmarking competitive positioning and scale advantages.
• Guotai Junan Securities: Top-tier Chinese securities firm with extensive branch network, brokerage, asset management, and investment banking. Larger and more diversified than Yuekai but operates the same core business lines, providing an established-incumbent benchmark.
• Shenwan Hongyuan: Large Chinese securities firm formed from merger of Shenwan and Hongyuan, offering full-service brokerage, asset management, and investment banking. Comparable business model at larger scale, useful as a benchmark for Yuekai's expansion trajectory.
• CITIC Securities: China's largest securities firm offering comprehensive brokerage, asset management, and investment banking across domestic and international markets. Larger and broader than Yuekai but serves as the relevant incumbent benchmark for the same full-license broker-dealer business model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds3 records

Investors44 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Yuekai Securities