Chasing Financial

What Chasing Financial does

Chasing Financial (财信证券股份有限公司) is a comprehensive Chinese securities firm established in August 2002 as the only provincial state-owned securities company in Hunan Province, operating as a core subsidiary of Hunan Caixin Financial Holdings Group (湖南财信金融控股集团有限公司). As of December 31, 2025, the company reported consolidated total assets of 577.19 billion RMB and net assets of 173.38 billion RMB, with registered capital of 66.98 billion RMB and a physical network of 3 branches and 82 securities business departments spanning all 14 prefecture-level cities of Hunan and other major Chinese cities. The firm converted from a limited liability company to a joint-stock company in January 2022 and holds full business licenses spanning securities brokerage, investment banking, asset management, investment consulting, margin financing, fixed income, securities trading, over-the-counter markets, futures brokerage, alternative investment, and fund investment.

The company's product architecture is built on a multi-platform retail trading infrastructure comprising three flagship mobile applications (财信证券APP, 财富聚财APP, 财富期权神器APP), two PC trading suites (财信证券专业版, 财信证券快车版), and a proprietary quant-trading stack (迅投QMT, 卡方ATX, PTRADE, 恒生PB, 迅投PB, 财信智能交易平台). Distribution extends to WeChat ecosystem accounts, Douyin and Xiaohongshu social profiles, third-party financial platforms (Tonghuashun, Dazhihui, Wind, Xueqiu), and all major Chinese mobile app stores. The firm operates four wholly-owned subsidiaries: Caixin Fund Management (公募), Caixin Futures, Shenzhen Huihe Investment (alternative investment, 500 million RMB registered capital), and Shenzhen Huihe Fund (private equity fund management, 100 million RMB registered capital). Asset management scale reached 267.45 billion RMB (2022) with a 99.63% active management ratio across 121 products spanning fixed income, mixed, equity, and derivatives categories.

Revenue is generated across multiple regulated streams: brokerage commissions (capped at 0.3% under CSRC rules), margin financing (financing at 8.6% annualized, securities lending at 10.6%), investment banking transaction fees (75 new OTC board listings, 367 cumulative bond underwritings totaling 2,162.18 billion RMB, ranked 12th nationally in 2020), asset management subscription fees, stock pledge repo transactions, fixed income market making, and derivatives trading. Customer segments span individual retail investors (via online account opening and branch network), corporate clients (via IB), high-net-worth and institutional investors (via asset management and private fund subsidiaries), and SMEs (via new OTC board listings and regional equity exchange services). Business segments and marketing channels reflect a hybrid segmentation model combining digital self-serve with traditional branch-based relationship management, anchored by state-owned status that drives local government and SOE deal flow.

Name

Chasing Financial

Legal name

财信证券股份有限公司

Website

https://stock.hnchasing.com

Company type

Private

Founded year

2002

Operating status

Operating

Short description

Chasing Financial (财信证券) is a state-owned, full-license Chinese securities firm headquartered in Hunan Province, serving retail, corporate, high-net-worth, and SME clients across China through brokerage, investment banking, asset management, margin financing, and fixed income services via 82 branches and digital platforms.

Ownership category

akta.pro rank

Product category

Securities Brokerage

NAICS

Investment Banking and Securities Intermediation (52315), Portfolio Management and Investment Advice (52394), Securities and Commodity Contracts Intermediation and Brokerage (5231)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Capital Raising Advisory (Equity & Equity-Linked) (FSAEAGAC)

akta.pro secondary industries

Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL), Securities Lending & Collateral Management (FSAAAOAI), Large-Cap Equity (Active) (FSAAAIAA), Private Banking Advisory & Discretionary Portfolio Management (FSABADAD), Money Markets & Short-Term Funding (T-Bills, CP, CDs) (FSACAEAG)

Keywords

• Securities brokerage
• Investment banking
• Asset management
• Margin financing
• Wealth management

Headquarters

HQ city

Hunan

HQ country

China

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Brokerage Commission: Securities brokerage services generating commission revenue from stock, bond, and fund trading. Commission rates up to 0.3% of transaction amount.
2. Margin Financing: Financing securities business (融资融券) providing leverage to customers for stock purchases and short selling. Current margin lending rate 8.6% annually, securities lending rate 10.6% annually.
3. Investment Banking: IPO, equity financing, bond underwriting, and M&A advisory services for corporate clients including 75 new OTC board listings and 367 bond underwriting deals.
4. Asset Management: Asset management services with 121 products and 267.45 billion RMB in management scale as of 2022. Active management ratio 99.63%. Products include fixed income, mixed, equity, and derivatives categories.
5. Stock Pledge Repo: Stock pledge repo (股票质押式回购) providing secured financing using listed stocks as collateral for corporate and individual clients.
6. Fixed Income Trading: Fixed income investment including government bonds, corporate bonds, and interbank market making activities. Recognized as top trading firm in interbank bond market.
7. Derivatives Trading:

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels8 records

Core offering

Chasing Financial (财信证券) is a comprehensive full-license securities firm offering securities brokerage, investment banking (IPO, bond underwriting, M&A advisory), asset management, margin financing, and wealth management services. It operates as the sole provincial state-owned securities company in Hunan Province, serving retail investors through 82 business departments and proprietary mobile/PC trading platforms, while providing institutional investment banking and asset management to corporate and high-net-worth clients.

Product overview

Chasing Financial (财信证券) operates as a comprehensive securities firm with a platform-plus-modules architecture offering multiple interconnected products and services. The core mobile offerings include 财信证券APP (mobile trading with Level-2 data and expert consultation), 财富聚财APP (wealth management with margin trading and REITs support), 财富期权神器APP/PC (options trading), and 财富乐赚APP (self-developed comprehensive wealth management with AI-powered features and user tier system). Desktop trading platforms include 财信证券专业版 (AI-powered professional trading with dragon-tiger analysis and sector hotspots) and 财信证券快车版 (express trading with IPv6 support). The firm provides traditional securities services: 融资融券 (margin trading at 8.6%/10.6% rates), 股票质押式回购 (stock pledge repurchase), 约定购回 (margin sale/repurchase), 多元宝 (pledged quotation repurchase cash management from 1-364 days), 股票期权 (stock options), and 期货IB (futures introducing broker). Investment banking services include IPO, bond underwriting, M&A advisory, and 新三板 listing. Asset management covers collective plans, single customized plans, and special asset management across fixed income, mixed, equity, and derivatives. The product portfolio also includes subsidiary offerings: 惠和基金 (private fund management with 8 products, 2 under management) and 深圳惠和投资 (alternative investment with 500M RMB capital). Trading infrastructure includes quantitative systems (迅投QMT, 卡方ATX, PTRADE, 恒生PB, 迅投PB, 财信智能交易平台) and app distribution through major Chinese app stores.

Differentiator

Problem solved

Functional benefit

Brands

• 财信证券APP: Mobile trading and wealth management app offering securities trading, fund investment, futures, bonds, and investment advisory services with real-time market data and video streaming.
• 财富聚财
• 财富期权神器
• 财信证券专业版
• 财信证券快车版
• 惠和基金
• 惠和投资
• 多元宝
• 财富乐赚

Products and services

• 财信证券APP Mobile Trading Platform Mobile trading application integrating market data, account opening, trading, and information services for retail and professional investors. Supports stocks, funds, futures, bonds, and other financial products with Level-2 10-level market data and expert investment consultation. Available on iOS, Android, and HarmonyOS.
• 财信聚财APP (Caixin Wealth Gathering) Full-featured mobile trading and wealth management application supporting stocks, funds, REITs, Beijing Stock Exchange, convertible bonds, and various financial products with features including REITs expansion support, Beijing Stock Exchange code switching, STAR Market growth layer features, and margin trading.
• 财富期权神器APP (Caixin Options Trading Tool) Specialized mobile application for stock and index options trading, providing options quotes, trading, analysis, and education services across Shanghai-Shenzhen stock options and futures markets.
• 财信证券专业版 PC Trading Software Professional PC trading software with AI-powered market analysis features including AI data viewing (AI数据看盘), dragon-tiger list analysis, Stock Connect data, limit-up gene analysis, and sector hotspot analysis. Supports conditional orders and account analysis.
• 财信证券快车版 PC Trading Software PC trading software with time-sharing/K-line chart viewing capabilities, buy-sell point indicators, transaction notifications, IPv6 support, and comprehensive business coverage including public REITs, Beijing Stock Exchange, and convertible bonds.
• 财富期权神器PC版 (Caixin Options Tool PC) Professional PC software for stock options trading with Shanghai-Shenzhen stock options quotes, index futures, commodity futures support, combination margin business, volatility index, and multiple order types including strategy trading and exercise functionality.
• 财富乐赚APP (Caixin Fortune App) Self-developed comprehensive wealth management application integrating market data, trading, information, and investment consultation services. Features include account analysis, user tier points system, and comprehensive smart service processes.
• Margin Trading Service (融资融券) Securities lending service where the firm lends funds (financing) or securities (securities borrowing) to customers against collateral, with current rates of 8.6% annually for financing and 10.6% annually for securities borrowing. Based on PBOC one-year benchmark lending rate reference.
• Stock Pledge Repurchase (股票质押式回购) On-exchange standardized financing business for clients holding listed company equity, providing a convenient, efficient, and reliable financing channel through the Shanghai and Shenzhen Stock Exchanges.
• Margin Sale & Repurchase (约定购回式证券交易) Agreement-based securities sale and repurchase service where customers sell securities to their designated brokerage at an agreed price and repurchase at a future date at another agreed price.
• 多元宝 (Duoyuanbao) Pledged Quotation Repurchase Cash management tool based on Shenzhen Stock Exchange's pledged quotation repurchase business, offering various term options from 1 to 364 days with 1000 yuan minimum investment, automatic renewal support, and R1 risk level.
• Stock Options Trading (股票期权业务) Stock options trading service with various contract types, margin requirements, and position limits. Customers pay premium to gain rights to buy/sell specific stocks or ETFs at agreed prices. Commission at 20 RMB per contract.
• Futures Introducing Broker Service (期货IB业务) Futures introducing broker service where Chasing Financial introduces customers to affiliated futures company Caixin Futures, assisting with account opening, providing market information and trading facilities.
• Online Account Opening (网上开户) 3-minute instant account opening service available 7×24 hours through web or mobile APP, allowing customers to open capital accounts and shareholder accounts without waiting.
• Investment Banking (投资银行业务) Full-service investment banking including IPO, refinancing, mergers and acquisitions, bond underwriting, and regional equity market business. Services include New Third Board listing, equity financing, bond financing, and regional equity market operations for listed and unlisted companies, state-owned enterprises, and mid-to-large enterprises.
• Asset Management (资产管理业务) Asset management services including collective asset management plans, single customized asset management plans, and special asset management business. Products cover fixed income, mixed, equity, and derivatives categories with 121 products and 267.45 billion RMB in management scale as of 2022.
• Bond Financing (债券融资业务) Bond underwriting and issuance services including enterprise bonds, corporate bonds, enterprise asset securitization, and creditor financing plans. Chasing Financial has underwritten bonds totaling 2,162.18 billion yuan with enterprise bond underwriting ranked 12th nationally in 2020.
• Equity Financing (股权融资业务) Equity financing including IPO, listed company refinancing, and M&A financial advisory services for corporate clients.
• New Third Board Business (新三板业务) New Third Board listing recommendation, private placement (定向增发), M&A advisory, and public offering services for innovation and growth enterprises. 75 OTC listings recommended as of 2020 end, ranked #1 in Hunan market.
• 惠和基金 (Huihe Fund) Private Equity Management Private fund management subsidiary established in 2014 in Shenzhen with 100 million RMB registered capital, managing 8 private fund products with 2 active funds. Business types include private equity funds, FoF funds, venture capital funds, and related FoF funds.
• 深圳惠和投资 (Shenzhen Huihe Investment) Alternative investment subsidiary with 500 million RMB registered capital, focusing on financial product investment and equity investment.
• Financial Products Mall (理财商城) Online platform offering wealth management products including time deposits, public funds (starting from 1 yuan), and high-end wealth management products. Operates as the firm's e-commerce storefront for retail investment products.
• 富易贷 (Fuyidai) Stock Pledge Financing Stock pledge financing product with various parameters including warning margin ratios and leverage products for clients needing capital against listed equity holdings.

Quantifiable outcome

• Total assets 577.19 billion RMB, net assets 173.38 billion RMB as of 2025
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration16 records

AI capability3 records

Feature4 records

Partnerships

Twelve partnerships are on record, tiered core, major and minor.

• Hunan Caixin Financial Holdings GroupcoreOthersParent company and core enterprise of Hunan Caixin Financial Holdings Group, the only provincial state-owned securities company in Hunan. Provides comprehensive financial services under the group's umbrella.
• Tonghuashun (同花顺)majorTechnology or IntegrationThird-party financial information platform partnership for market data distribution and service access. Strategic distribution channel partner.
• Dazhihui (大智慧)majorTechnology or IntegrationFinancial data and trading platform partnership for expanded market reach and service distribution.
• Wind Information (万得)majorTechnology or IntegrationWind financial terminal data distribution and research content partnership for professional investors.
• Xueqiu (雪球)minorChannel Partner/ Reseller/ DistributorInvestment community platform partnership for investor engagement and service promotion.
• Hunan Equity ExchangecoreStrategic or Co-development PartnerStrategic partnership as recommending institution for SME listings on Hunan Equity Exchange. Ranked #1 among recommending brokers in Hunan market with A++ rating.
• Caixin Futures (财信期货)coreStrategic or Co-development PartnerSubsidiary providing futures brokerage services. Company serves as Introducing Broker (IB) for Caixin Futures, introducing clients for futures trading.
• Caixin Fund (财信基金管理有限公司)coreStrategic or Co-development PartnerSubsidiary fund management company for mutual fund distribution and asset management services.
• Shenzhen Huihe Investment (深圳惠和投资有限公司)coreStrategic or Co-development PartnerSubsidiary alternative investment company focusing on financial product investment and equity investment with 500 million RMB registered capital.
• Shenzhen Huihe Fund (深圳市惠和投资基金管理有限公司)coreStrategic or Co-development PartnerPrivate equity fund management subsidiary with 100 million RMB registered capital, managing 8 private fund products with 2 active funds.
• Major Commercial Banks (17 banks)coreChannel Partner/ Reseller/ DistributorThird-party depository banking partnerships including ICBC, CCB, ABC, Bank of China, COMB, CITIC, and 11 other banks for securities account management and fund transfers.
• Mobile App StoresmajorChannel Partner/ Reseller/ DistributorDistribution through major app stores including Huawei, OPPO, Vivo, Xiaomi, Apple, 360, Baidu, Samsung, and Tencent for mobile app distribution.

Scale indicators11 records

Recent moves8 records

Expansion highlights6 records

Others

• China Galaxy Securities:

Direct peers

• Industrial Securities: Mid-tier Chinese broker-dealer headquartered in Fujian with similar branch network, asset management, and IB footprint. Most directly comparable in scale, regional anchor model, and business mix to Chasing Securities.
• Southwest Securities: Sichuan-based comprehensive broker-dealer with full licenses and regional SOE ties. Comparable regional SOE identity, branch distribution, and underwriting franchise - direct structural and geographic analog to Chasing in Hunan.
• Sealand Securities: Guangxi-based regional comprehensive broker with full securities licenses and similar mid-tier positioning. Directly comparable as a smaller regional full-service Chinese broker competing for IPO, bond underwriting, and asset management mandates.
• Soochow Securities: Suzhou-based comprehensive broker with strong Jiangsu regional base, AM franchise, and IB capabilities. Closely comparable in scale, regional anchor, and product breadth to Chasing's Hunan franchise.
• Western Securities: Shaanxi-based full-service Chinese broker with comparable regional SOE positioning, brokerage-IB-AM mix, and mid-tier scale. Directly comparable in business model and regional-state-owned identity to Chasing.

Broad incumbents

• CITIC Securities: China's largest full-service broker-dealer with comprehensive IB, brokerage, asset management, and proprietary trading franchises. Directly comparable business model to Chasing but at materially greater scale, providing a benchmark for national-level capability and competitive pressure on Chasing's expansion ambitions.
• Guotai Junan Securities: Comprehensive national broker-dealer with strong research, brokerage, and asset management businesses. Overlaps directly with Chasing's full-service model and competes for the same institutional and retail flow in provinces including Hunan.
• Huatai Securities: Top-tier Chinese broker with strong retail brokerage, wealth management, and IB capabilities. Comparable in offering breadth and digital platform investment, and a key competitor for institutional clients and HNW wealth in central China.
• Shenwan Hongyuan: National full-service broker resulting from merger of Shenyin & Wanguo and Hongyuan Securities. Comparable comprehensive license footprint, asset management scale, and underwriting franchise, competing with Chasing for institutional and HNW clients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries4 records

Funding overview

Funding rounds

Investors

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

M&A

Investments3 records

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

Frequently asked questions about Chasing Financial