Industrial Securities
Industrial Securities is a top-tier Chinese full-service securities firm (SSE: 601377) operating 270 branches, serving retail, wealth management, institutional, and corporate clients across brokerage, investment banking, asset management, custody, and derivatives, with an international arm listed in Hong Kong.
- Company typePublic
- Founded1991
- HeadquartersFuzhou, China
- Headcount5,001–10,000
- GTM typeB2B and B2C
- OfferingServices
What Industrial Securities does
Industrial Securities (兴业证券股份有限公司, SSE: 601377) is a Chinese full-service securities firm founded in 1991 and headquartered in Fuzhou, Fujian Province, with a controlled subsidiary, Xingzheng International Financial Group (HKEX: 6058), providing its international platform. The firm holds the China Securities Regulatory Commission's (CSRC) highest A-class AA classification rating and serves retail investors, wealth management clients, institutional clients (public funds, insurance companies, social security funds, private equity), and corporate clients across 270 branches nationwide and more than 8,000 employees. Its core offerings span seven integrated business lines: securities brokerage, investment banking (IPO sponsorship, bond underwriting, M&A advisory), asset management (through 兴证全球基金 and proprietary vehicles), margin financing and securities lending, securities research through the Economic and Financial Research Institute, financial derivatives (OTC options, swaps, prime brokerage, market making), and asset custody and fund services ranked top-5 by private fund product count since 2021.
Industrial Securities generates revenue through transaction-based brokerage commissions, underwriting and advisory fees, recurring management and performance fees in asset management and PB custody, interest income on margin financing, and structured product sales (the Xingdong series of income certificates). The firm operates a dual-drive go-to-market model ("双轮驱动") combining a wealth management push via the strategic Zhi Ji Li Cai (知己理财) brand with a large-institutional franchise delivered through the Xingcaifu (兴财富) platform and dedicated 1+N service teams. Underwriting volume exceeds 5,500 billion yuan across 850+ corporate bonds since 2015, and group total assets reached 3,450 billion yuan with net assets of 667 billion yuan as of end-2025. Technology is delivered through the Youlibao mobile app, the Youpin Mall product platform, the online business hall, and a full-stack technology support system centered on AI large-model applications, supported by cloud partnerships with Alibaba Cloud, Tencent Cloud, and Dingdian Software.
Industrial Securities firmographics
Firmographics- Name
- Industrial Securities
- Legal name
- 兴业证券股份有限公司
- Website
- https://xyzq.com.cn
- Company type
- Public
- Founded year
- 1991
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Industrial Securities is a top-tier Chinese full-service securities firm (SSE: 601377) operating 270 branches, serving retail, wealth management, institutional, and corporate clients across brokerage, investment banking, asset management, custody, and derivatives, with an international arm listed in Hong Kong.
- Ownership category
- akta.pro rank
Industrial Securities industry classification
Industry- Product category
- Securities Brokerage
- NAICS
- Investment Banking and Securities Intermediation (52315), Securities and Commodity Contracts Intermediation and Brokerage (5231), Portfolio Management and Investment Advice (52394)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)
- akta.pro primary industry
- Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)
- akta.pro secondary industries
- Structured Finance & Securitization Placement (ABS/MBS/CLO) (FSAEALAK), Multi-Asset Solutions for Institutional (Pensions/Endowments/Sovereigns) (FSAAAJAJ), Corporate Finance & Capital Advisory (BPAHADAB)
Keywords
Where Industrial Securities is headquartered
LocationHeadquarters
- HQ city
- Fuzhou
- HQ country
- China
- HQ region
- Asia
Offices3 records
Markets served
Industrial Securities business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- 证券经纪 (Securities Brokerage): Securities brokerage and trading services including A-shares, bonds, funds, and derivatives
- 投资银行 (Investment Banking): Equity and debt underwriting, IPO sponsorship, M&A advisory, and bond issuance services
- 资产管理 (Asset Management): Fund management through controlled subsidiary 兴证全球基金管理有限公司 and proprietary asset management services
- 融资融券 (Margin Trading): Margin financing and securities lending services for leveraged trading
- 研究服务 (Research Services): Securities research, investment consulting, and institutional client services through Economic and Financial Research Institute
- 金融衍生品 (Financial Derivatives): Quantitative strategies, OTC derivatives (场外期权, 收益互换), prime brokerage, and market making services
- 托管与基金服务 (Custody and Fund Services): Asset custody, fund administration, and PB services ranking among top 5 in the industry by number of private fund products serviced
Go-to-market motion2 records
Distribution channels6 records
Marketing channels6 records
Industrial Securities product offering
Product offeringCore offering
Industrial Securities operates a comprehensive full-service securities platform offering brokerage and trading in A-shares, bonds, funds, and derivatives; investment banking for equity and debt underwriting, IPO sponsorship, M&A advisory, and bond issuance; asset management through controlled subsidiaries; margin financing and securities lending; OTC derivatives, prime brokerage, and market making; securities research and investment consulting; and asset custody and fund administration services. The firm serves retail investors, wealth management clients, institutional investors (public funds, insurance companies, social security funds, private funds), and enterprises and listed companies across China through 270 branches, the Youlibao mobile app, Youpin Mall online platform, and Xingzheng International in Hong Kong.
Product overview
Industrial Securities operates as a comprehensive financial services platform offering securities brokerage, investment banking, wealth management, asset custody, and institutional services through multiple product channels including the Youlibao mobile app, the Youpin Mall platform, and institutional service brands like Xingcaifu and Zhijilicai. The company provides structured products (Xingdong series income certificates), PB prime brokerage services, margin financing, and bond issuance under its investment banking division. Key platforms include the Fujian-Hong Kong Sci-Tech Finance Hub for cross-border innovation and the Xingtuoguan asset custody service which ranks among the top 5 in private equity custody volume. The wealth management business centers on the Zhijilicai brand offering three investment solution tiers.
Differentiator
Problem solved
Functional benefit
Brands
- 知己理财 (Zhi Ji Li Cai): Strategic wealth management brand with core concept 'understands you, better for you' (懂你更为你), offering 'Zhi Ji Xiang Tou', 'Zhi Ji You Tou', and 'Zhi Ji Zhi Tou' three solution packages, building a buyer-side investment advisory service system centered on client interests.
- 兴财富
- 兴财富 (Xing Cai Fu)
- 小兴星
- 优理宝
Products and services
- Youlibao (优理宝) Mobile Trading Application
Quantifiable outcome
- Group total assets: 3,450 billion RMB; Net assets: 667 billion RMB; Customer assets served: 3.5 trillion+ yuan; 270 branches nationwide; Over 8,000 employees
- +3 more outcomes
Companies that use Industrial Securities
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles4 records
Industrial Securities technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Industrial Securities partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered core and flagship.
- 碧澄能源 (Bicheng Energy)core签署战略合作协议，在新能源资产REITs化运作、项目投融资、并购重组等方面加强协作，共同打造产融结合服务能源转型的标杆案例。
- 洛能资本 (Luoneng Capital)core签署战略合作协议，与碧澄能源、兴业证券三方在清洁能源与资本市场融合发展方面建立长期、全面、深度的战略合作伙伴关系。
- 顶点软件 (Dingdian Software)core签署战略合作协议，在数智金融创新生态、AI大模型金融应用、智能化解决方案等领域携手合作，共同打造行业标杆解决方案。
- 闽港科技金融会客厅共建机构flagship兴业证券牵头打造的闽港科技金融会客厅，汇聚闽港两地金融机构、高校院所、科创企业共同参与。首批共建单位包括：兴业银行、福建省金融投资有限公司、工商银行福建省分行、农业银行福建省分行、中国银行福建省分行、建设银行福建省分行等。致力于构建常态化、专业化科技金融服务平台，首期设立10亿元科创基金。
- 香港城市大学 (City University of Hong Kong)core闽港科技金融会客厅共建单位之一，参与智能网联汽车测试与远程运维平台等项目对接，推动科技成果跨境转化落地福建。
- 中国科学院香港创新研究院core闽港科技金融会客厅共建单位，分享人工智能、再生医学等领域的技术与项目孵化能力，参与科技成果转化合作。
- 香港理工大学晋江研究院core闽港科技金融会客厅共建单位，在光子信息、光电技术领域具有科研优势，与集团探讨科技成果产业化、股权投资、招商引资等合作。
- 上海证券交易所公益基金会core闽港科技金融会客厅共建单位，共同捐资200余万元建设闽宁镇青少年科创空间项目，推动优质教育资源跨区域流动。
- 上海市教育学会core闽港科技金融会客厅共建单位，与兴业证券、上海证券交易所公益基金会共同捐资建设闽宁镇青少年科创空间。
- 中信银行core建立长期、稳定、互利、共赢的全面战略合作伙伴关系，在授信、同业拆借、三方存管、债券投资、ETF生态圈和研究业务等方面加强协作。
- 中信银行core签署战略合作协议，在授信、同业拆借、三方存管、债券投资、ETF生态圈和研究业务等方面加强协作，建立全面战略合作伙伴关系。
- 厦门大学core签署战略合作协议，在科研、人才培养、金融创新等方面开展合作。
- 阿里云 (Alibaba Cloud)core签署战略合作协议，联合挂牌成立金融科技创新实验室，在金融科技领域开展深度合作。2021年5月20日，兴证-阿里云'互创中心'正式揭牌。
- 腾讯云 (Tencent Cloud)core签署战略合作协议，全面加快与头部互联网企业构建合作生态，共同推进金融科技创新。
Scale indicators8 records
Recent moves10 records
Expansion highlights6 records
Industrial Securities competitors and assessment
Company assessmentBroad incumbents
- CITIC Securities: Largest Chinese securities firm with full-service brokerage, IB, AM and trading across A-share, Hong Kong, and global markets. Overlaps with Industrial Securities across every line of business and is the dominant scale competitor; structurally larger and more diversified but the natural industry benchmark.
- Guotai Junan Securities: One of China's top-tier state-affiliated brokers with deep institutional research, brokerage, and IB capabilities. Comparable on full-service platform breadth and state-owned shareholder structure, and a credible competitor for institutional mandates and league-table share.
- China Securities (CICC) Capital / CICC: Leading Chinese investment bank with dominant IB and institutional trading franchises that materially overlap with Industrial Securities' ECM/DCM and bond underwriting business. While CICC is more wholesale and AM-focused, it competes for the same corporate clients and underwriting mandates.
Direct peers
- CSC Financial Co. Mid-large Chinese broker with strong investment banking and wealth-management franchises and a similar provincial-SOE / state-aligned ownership history. Comparable across IB underwriting league tables, broker network scale, and AM / custody breadth, making it the closest mid-tier benchmark.
- China Galaxy Securities: Central-state-owned full-service securities firm with comparable brokerage, IB and asset management exposure and a similar A-share/Hong Kong dual listing footprint. Closely comparable in scale, ownership background and product-mix coverage of retail, wealth and institutional segments.
- Soochow Securities: Mid-tier Chinese securities firm with comparable retail brokerage, margin financing and investment banking exposure and a similar regional-SOE heritage. A useful size and product-mix comparable for benchmarking mid-tier broker growth and margin trends.
- China Merchants Securities: Mid-large Chinese broker with strong investment banking, brokerage, wealth and custody franchises and a closely comparable mix of SOE-parent governance. Comparable across private-fund custody top-tier positioning and cross-border (Hong Kong) expansion through Chi-U subsidiary.
- Huatai Securities: Large Chinese full-service securities firm with comparable brokerage, investment banking, asset management, and margin financing franchises. Directly comparable on customer scale (multi-trillion yuan client assets), product mix and domestic branch / digital distribution model, though larger and more fintech-led.
- Shenwan Hongyuan Securities: Major Chinese broker formed via merger with national-scale branch network, IB underwriting and research franchises. Closely comparable in size, customer-asset base and the strategic challenge of competing with the top-three brokers from a mid-tier position.
- Haitong Securities: Established Chinese state-affiliated broker with full-service brokerage, IB and AM operations and similar dual-listing (A+H) structure. Comparable on net-asset scale and the strategic emphasis on institutional sales, PB and custody growth.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Industrial Securities social profiles
Digital presenceIndustrial Securities financial estimates
Financial estimateRevenue estimate
Valuation estimate
Industrial Securities leadership team
Management profileNumber of profiles
Profiles10 records
Industrial Securities subsidiaries and ownership
Company hierarchySubsidiaries11 records
Industrial Securities funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Industrial Securities M&A and investment
M&A and investmentM&A
Investments32 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Industrial Securities
What does Industrial Securities do?
Industrial Securities operates a comprehensive full-service securities platform offering brokerage and trading in A-shares, bonds, funds, and derivatives; investment banking for equity and debt underwriting, IPO sponsorship, M&A advisory, and bond issuance; asset management through controlled subsidiaries; margin financing and securities lending; OTC derivatives, prime brokerage, and market making; securities research and investment consulting; and asset custody and fund administration services. The firm serves retail investors, wealth management clients, institutional investors (public funds, insurance companies, social security funds, private funds), and enterprises and listed companies across China through 270 branches, the Youlibao mobile app, Youpin Mall online platform, and Xingzheng International in Hong Kong.
Is Industrial Securities a public or private company?
Industrial Securities is a public company. It is classified as public and is currently operating.
When was Industrial Securities founded?
Industrial Securities was founded in 1991. It employs 5,001 to 10,000 people.
Where is Industrial Securities based?
Industrial Securities is headquartered in Fuzhou, China, in the Asia region.
How does Industrial Securities make money?
Seven revenue lines are on record. 证券经纪 (Securities Brokerage) is the primary driver. The others are 投资银行 (Investment Banking), 资产管理 (Asset Management), 融资融券 (Margin Trading), 研究服务 (Research Services), 金融衍生品 (Financial Derivatives) and 托管与基金服务 (Custody and Fund Services).
Who are Industrial Securities's main competitors?
Broad incumbents on record are CITIC Securities, Guotai Junan Securities and China Securities (CICC) Capital / CICC. Direct peers are CSC Financial Co., China Galaxy Securities, Soochow Securities, China Merchants Securities, Huatai Securities, Shenwan Hongyuan Securities and Haitong Securities.
Does Industrial Securities have an API?
No public API is recorded for Industrial Securities.
What industry is Industrial Securities in?
Industrial Securities's product category is Securities Brokerage. Its primary akta.pro industry code is BPAHAOAL, Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory), with a secondary code of FSAEALAK, Structured Finance & Securitization Placement (ABS/MBS/CLO). Its NAICS code is 52315 and its SIC code is 6211.