GF Securities

Name

GF Securities

Legal name

GF Securities Co., Ltd.

Website

http://en.gf.com.cn/

Company type

Public

Founded year

1991

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Product category

Full-Service Securities and Investment Banking

NAICS

Investment Banking and Securities Intermediation (52315), Portfolio Management and Investment Advice (523940), Other Financial Investment Activities (5239)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282), Asset-Backed Securities (6189)

akta.pro primary industry

Corporate Finance & Capital Advisory (BPAHADAB)

akta.pro secondary industries

Private Banking Advisory & Discretionary Portfolio Management (FSABADAD), Equity Capital Advisory (Private Equity Placements, Growth Capital) (BPAHAOAE), Corporate Finance Advisory (Strategic Finance, Capital Structure & Recaps) (FSAEAGAE)

Keywords

• Securities brokerage
• Investment banking
• Wealth management
• Asset management
• Institutional trading

Headquarters

HQ city

Guangzhou

HQ country

China

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Wealth Management: Brokerage services, investment advisory, financial product sales, margin financing and securities lending generating commissions and interest income from retail and high net worth clients
2. Investment Banking: Equity and debt financing underwriting, financial consulting, M&A advisory services for corporate clients
3. Trading and Institutional Services: Equity sales and trading, derivative products, fixed income trading, market making, custodian services for institutional clients
4. Investment Management: Asset management fees from public and private funds, asset custody services, alternative investments through subsidiaries

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

GF Securities operates as a full-service securities firm offering four integrated business lines: Wealth Management (brokerage, financial product distribution, margin financing, and investment advisory for retail and high net worth clients), Investment Banking (equity and debt financing underwriting, M&A advisory, financial consulting for corporate clients), Trading and Institutional Client Services (equity sales and trading, derivative products, fixed income, custodian services), and Investment Management (public and private fund management, alternative investments). The firm is supported by proprietary fintech platforms, 357 branches across China, and international subsidiaries in Hong Kong, Canada, and the UK.

Product overview

GF Securities operates as a comprehensive full-service securities firm offering four integrated core business segments: Wealth Management (brokerage services, investment advisory, financial products, margin financing), Investment Banking (equity/debt financing, M&A, financial consulting), Trading and Institutional Services (equity trading, derivatives, fixed income, custodian services), and Investment Management (asset management, public/private funds, alternative investments). The company also operates multiple subsidiaries including GF Asset Management, GF Fund, E Fund, GF Xinde, GF Futures, and GF Holdings (Hong Kong). Technology-driven products include Yitaojin e-commerce platform, GF-SMART comprehensive smart service platform, Beta Bull smart investment advisory system, Touyitong trading platform, and blockchain-based ABS monitoring systems. The company serves approximately 3.8 million retail clients and 10,000 institutional clients through over 250 regional offices.

Differentiator

Problem solved

Functional benefit

Products and services

• Wealth Management Industry-leading online wealth management platform combined with an extensive brokerage office network providing professional investment advisory, brokerage services, financial product distribution, and margin financing to retail investors and high net worth clients.
• Investment Banking Full-service investment banking division with a team of over 400 professionals offering equity financing, debt financing, financial consulting, mergers and acquisitions, and OTC market services for corporate clients.
• Trading and Institutional Client Services Comprehensive trading services including equity sales and trading, derivative products, fixed-income products, OTC liquidity services, investment research, and custodian services for institutional clients.
• Investment Management Asset management services including public fund management, private equity investment, alternative investments, and QFII/QDII services creating value for clients through portfolio management.
• Yitaojin (易淘金) E-commerce Platform Self-developed online wealth management platform with financial product sales and transfer capabilities, including an international version for overseas wealth management; sales and transfer amount reached RMB 366.2 billion in 2019.
• GF-SMART Smart Service Platform Comprehensive smart service platform with intelligent warning, recommendation, calling, and knowledge map capabilities; provides big data and AI-based investment research services.
• Betanew / Beta Bull (贝塔牛) Robot Investment Advisory System Smart investment advisory system serving over 800,000 customers with AI-powered personalized investment recommendations and financial product sales.
• Touyitong (投易通) Trading Platform Quick trading platform providing algorithm transaction support and smart information warning for professional investors' positions.
• Blockchain ABS Credible Cloud System Self-developed blockchain-based system for monitoring status of underlying assets in CMBS commercial property special plans.
• GF Asset Management Wholly-owned subsidiary providing asset management services with net asset management scale of RMB 297.214 billion as of end of 2019.
• GF Fund Management Controlled subsidiary managing public funds reaching RMB 502.56 billion by end of 2019, ranking seventh in the industry.
• E Fund Management Associate company managing public funds of RMB 730.870 billion by end of 2019, ranking first in the industry; RMB 1,817.855 billion AUM (excluding money market funds) as of 2025.
• GF Xinde Investment Management Wholly-owned private fund subsidiary managing nearly 40 private funds with total assets under management near RMB 10 billion.
• GF Futures Wholly-owned futures brokerage subsidiary providing trading and settlement services for international commodity markets.
• GF Holdings (Hong Kong) Wholly-owned Hong Kong subsidiary providing brokerage, asset management, and investment services to high net worth individuals and retail customers.
• GF Qianhe Investment Alternative investment subsidiary focusing on hard technology, AI+, advanced manufacturing, healthcare, and special opportunity investments with 342 cumulative projects.
• Margin Financing and Securities Lending Margin financing and securities lending services with balance of RMB 138.979 billion as of 2025, representing 34.04% YoY growth.
• Guangfa Financial Leasing Wholly-owned subsidiary providing financial leasing services.

Quantifiable outcome

• 2025 revenue: RMB 44,513 million, net profit: RMB 13,702 million
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature5 records

Partnerships

Seven partnerships are on record, tiered minor and core.

• Dell Technologies AnalystsminorOthers · 25 June 2026GF Securities downgraded Dell Technologies from Buy to Hold citing stretched valuation after approximately 200% rally
• Super Micro Computer AnalystsminorOthers · 22 June 2026GF Securities upgraded Super Micro Computer from Hold to Buy with $48 price target, citing attractive entry point and SpaceX AI spending benefits
• Marvell Technology AnalystsminorOthers · 20 April 2026GF Securities upgraded Marvell Technology to Buy from Hold with $165 price target, citing growth in optics demand and cloud service provider attach silicon
• Insurance CompaniescoreStrategic or Co-development Partner · 30 December 2025At least five Chinese brokerage apps including GF Securities have launched insurance sales zones on their platforms, offering dividend-type insurance products. This represents strategic expansion of wealth management services with insurance distribution capabilities
• E Fund Management Co., Ltd.coreStrategic or Co-development PartnerE Fund is an associate company and one of the largest public fund managers in China with RMB 1,817.855 billion AUM (excluding money market funds) ranking #1 in industry as of 2025
• Shanghai Stock ExchangecoreStrategic or Co-development PartnerGF Securities has partnered with SSE for market-making services, OTC options primary dealer qualification, and Cross-boundary Wealth Management Connect services
• Sci-Tech Innovation Board (STAR Market)coreStrategic or Co-development PartnerGF Securities actively develops STAR Market projects, providing equity and debt financing services to over 200 technology enterprises with total financing exceeding RMB 930 billion

Scale indicators9 records

Recent moves9 records

Expansion highlights5 records

Emerging players

• E Fund Management: Associate company of GF and China's #1 public fund manager with RMB 1.8T AUM. Although separately managed, the equity stake and product distribution relationship make it a closely-related entity that defines part of GF's wealth management ecosystem.
• China Asset Management (ChinaAMC): One of China's largest public fund managers, comparable to GF's associate E Fund. Competes with GF's distribution network for mutual fund shelf space and is part of the same wealth management ecosystem where GF competes.

Direct peers

• Huatai Securities: Top-tier Chinese full-service securities firm with comparable wealth management, IB, trading, and asset management segments. Competes directly with GF on retail brokerage share, IB league tables, and STAR Market sponsorships.
• China Merchants Securities: Chinese full-service securities firm with comparable four-pillar structure and meaningful wealth management and IB franchises. Direct competitor on both A-share and HK IPO mandates.
• China International Capital Corporation (CICC): State-backed investment bank with comparable four-pillar structure and leading institutional client franchise. Direct competitor for IPO sponsorship, M&A advisory, and institutional trading mandates, particularly on tech and state enterprise deals.
• CITIC Securities: China's largest broker by assets, also a full-service securities firm with wealth management, investment banking, trading, and asset management across four business segments. Closest direct competitor to GF on flagship IB deals, brokerage scale, and AUM rankings.
• Shenwan Hongyuan Securities: Chinese full-service broker formed through merger of Shenyin & Wanguo and Hongyuan, with similar segment mix. Competes with GF on mid-market IB mandates and wealth management distribution.
• Guotai Junan Securities: Top-tier Chinese full-service securities firm with strong research franchise and institutional client base. Comparable peer on equity research rankings, wealth management, and investment banking league tables.
• China Galaxy Securities: State-affiliated full-service Chinese securities firm competing across wealth management, IB, trading, and asset management. Comparable in branch network reach and product distribution scale.
• Haitong Securities: One of China's largest brokers with overlapping four-segment business model and similar international footprint. Direct competitor on both A-share IB mandates and HK IPO joint sponsorships (joint sponsor on Dongshan Precision with GF).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/1346686

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries8 records

Funding overview

Funding rounds2 records

Investors

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

M&A

Investments63 records

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

Frequently asked questions about GF Securities