First Shanghai Investments

Investment Banking and Financial Servicesfirstshanghai.com.hk

First Shanghai Investments is a Hong Kong-listed diversified conglomerate (founded 1964, HKEX: 0227HK) offering corporate finance, securities and futures brokerage, asset management, and wealth management services, alongside property development and direct investments in mainland China.

Company typePublic
Founded1964
HeadquartersCentral, Hong Kong SAR China
Headcount501–1,000
GTM typeB2B and B2C
OfferingServices

What First Shanghai Investments does

First Shanghai Investments Limited (第一上海投資有限公司) is a Hong Kong-headquartered diversified conglomerate founded in 1964 and listed on the Hong Kong Stock Exchange since 1972 under stock code 0227HK. The group operates three core business segments: financial services, property and hotel development, and direct investments, with operational reach spanning Hong Kong and mainland China — specifically the Pearl River Delta and Yangtze River Delta regions. Its financial services arm is housed in the wholly-owned subsidiary First Shanghai Financial Group Limited (established 1993) and delivers corporate finance (including IPO sponsorship, M&A and joint-venture advisory, and capital markets work), securities and futures brokerage, asset management, and wealth management services to corporate, institutional, and high-net-worth individual clients. Recent corporate-finance activity includes acting as sole sponsor for the Main Board IPO of Guangdong Hejie Electric Co., Ltd. on HKEX.

Beyond financial services, the property segment develops and leases/sells offices, residential properties, hotels, and leisure resorts, while the direct investment segment takes equity positions in mainland China businesses with market-leadership positions in healthcare and wellness products, telecommunications, and logistics. The company employs between 501 and 1,000 staff and distributes its services primarily through its Hong Kong headquarters at Wing On House, Central, with regional exposure into the PRC's high-growth coastal economic zones. Revenue mechanics are fee- and transaction-based across advisory, brokerage commissions, asset management fees, and property sales/leases, with pricing not publicly disclosed and negotiated on a per-engagement basis.

As of March 2026 the company issued a profit warning anticipating a net loss of at least HK$90 million for fiscal year 2026, signaling near-term earnings pressure. Governance activity in late 2025 included a Nomination Committee composition change, and the firm maintains an active HKEX disclosure cadence with regular results announcements and circulars. Headquartered at 19/F, Wing On House, 71 Des Voeux Road Central, Hong Kong, First Shanghai is led by Chief Executive Officer Qiu Hong, who joined the group in 2000 from a multinational management consulting background.

First Shanghai Investments firmographics

Firmographics

Name: First Shanghai Investments
Legal name: First Shanghai Investments Limited
Website: https://firstshanghai.com.hk
Company type: Public
Founded year: 1964
Operating status: Operating
Headcount range: 501–1,000 employees
Short description: First Shanghai Investments is a Hong Kong-listed diversified conglomerate (founded 1964, HKEX: 0227HK) offering corporate finance, securities and futures brokerage, asset management, and wealth management services, alongside property development and direct investments in mainland China.
Ownership category
akta.pro rank

First Shanghai Investments industry classification

Industry

Product category: Investment Banking and Financial Services
NAICS: Portfolio Management and Investment Advice (523940), Miscellaneous Intermediation (52391), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)
SIC: Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)
akta.pro primary industry: Institutional Capital Introduction (LP/Family Office/Endowment Matching) (FSAEALAI)
akta.pro secondary industry: Alternative Investments for Private Wealth (Hedge Funds, PE/VC Access, Private Credit) (FSAAABAI)

Keywords

Corporate finance advisory
Securities brokerage
Asset management
Wealth management
Property development

Where First Shanghai Investments is headquartered

Location

Headquarters

HQ city: Central
HQ country: Hong Kong SAR China
HQ region: Asia

Offices1 record

Markets served

First Shanghai Investments business model

Business model

GTM type: B2B and B2C
Offering type: Services
Cost components: Personnel, Operations, Supply Chain, Marketing or Sales, Technology or R&D, Infrastructure

Distribution channels1 record

Marketing channels2 records

First Shanghai Investments product offering

Product offering

Core offering

First Shanghai Investments is a diversified conglomerate that provides corporate finance advisory (including IPO sponsorship and M&A), securities and futures brokerage, asset management, and wealth management services through its First Shanghai Financial Group subsidiary. In parallel, the group develops commercial and residential real estate and operates direct investment projects in mainland China's healthcare, telecommunications, and logistics sectors.

Product overview

First Shanghai Investments is a diversified conglomerate operating three core business segments: Financial Services, Property Development, and Direct Investments. The Financial Services division, operated through its wholly-owned subsidiary First Shanghai Financial Group Limited (established 1993, stock code 0227HK), offers a comprehensive suite of services including Corporate Finance (investment banking, IPO sponsorship, M&A advisory), Brokerage Services (securities and futures trading), Asset Management, and Wealth Management. The Property Development segment focuses on commercial and residential projects in the Pearl River Delta and Yangtze River Delta regions. The Direct Investment segment targets market-leading projects in healthcare, telecommunications, and logistics sectors in mainland China.

Differentiator

Problem solved

Functional benefit

Products and services

Corporate Finance (企業融資) Investment banking services including acting as sponsor for IPOs on the Hong Kong Stock Exchange Main Board and GEM board, compliance advisory, and financial advisory for corporate transactions such as M&A, joint ventures, and capital market activities. Targeted at corporate and institutional clients in Hong Kong and mainland China.
Brokerage Services (經紀服務) Securities and futures brokerage services providing trading execution, investment portfolio handling, and market intelligence for institutional and individual clients.
Asset Management (資產管理) Professional asset management services for institutional and individual investors, including portfolio management and investment advisory.
Wealth Management (財富管理) Comprehensive wealth management services tailored for high-net-worth clients, including personalized investment advisory and portfolio services.
Property Development (房地産開發) Real estate development including construction of office buildings, residential properties, hotels and leisure resorts for leasing and sale purposes, primarily in the Pearl River Delta and Yangtze River Delta regions of mainland China.
Direct Investment Projects (直接投資項目) Direct investment in projects with market leadership positions in mainland China, including healthcare and wellness products, telecommunications, and logistics sectors.

Companies that use First Shanghai Investments

Customer profile

Segments2 records

Ideal customer profiles2 records

First Shanghai Investments technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

First Shanghai Investments partnerships and signals

Strategic signal

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

First Shanghai Investments competitors and assessment

Company assessment

Broad incumbents

China International Capital Corporation (CICC): One of China's largest investment banks with significant HK operations across investment banking, brokerage, asset management, and wealth management. Overlaps with First Shanghai's full platform but operates at a vastly larger scale and broader geographic footprint.
HSBC Holdings: Global bank headquartered in London with Hong Kong as its principal Asian market, offering the full suite of investment banking, securities, asset management, and wealth management. Competes with First Shanghai across HK IPO sponsorship, brokerage, and HNW wealth management.

Direct peers

Get Nice Holdings: Hong Kong-listed diversified financial group offering securities and futures brokerage, corporate finance, property investment, and money lending. Closely mirrors First Shanghai's diversified model with a heavy HK and mainland China focus.
Haitong International Securities Group: Hong Kong-listed Chinese broker offering integrated securities brokerage, investment banking, asset management, and wealth management. Directly comparable to First Shanghai across the full financial services platform, but at materially larger scale.
Emperor Capital Group: Hong Kong-listed financial group offering securities and futures brokerage, wealth management, and corporate finance advisory. Highly comparable mid-sized HK broker serving similar HNW and SME segments.
China Merchants Securities: HK-listed Chinese brokerage and investment bank offering the same multi-pillar financial services as First Shanghai — corporate finance, securities trading, asset management, and wealth management.
BOCOM International Holdings: HK-listed subsidiary of Bank of Communications, providing brokerage, investment banking, asset management, and wealth management. Closely mirrors First Shanghai's integrated platform with a similar cross-border mandate.
Tai Fook Securities Group: Hong Kong-based brokerage group offering securities trading, wealth management, and corporate finance. Directly comparable mid-sized HK broker with overlapping customer base in mainland-linked clients.
China Everbright Limited: HK-listed financial arm of China Everbright Group, providing cross-border investment banking, securities, asset management, and wealth management. Operates a similar integrated platform with mainland China exposure.
China Galaxy Securities: Mainland Chinese broker with HK subsidiary, providing brokerage, investment banking, and asset management services. Comparable cross-border financial services model targeting mainland and HK clients.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

First Shanghai Investments financial estimates

Financial estimate

Revenue estimate

Valuation estimate

First Shanghai Investments leadership team

Management profile

Number of profiles

Profiles1 record

First Shanghai Investments subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

First Shanghai Investments funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

First Shanghai Investments M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about First Shanghai Investments

What does First Shanghai Investments do?

Is First Shanghai Investments a public or private company?

First Shanghai Investments is a public company. It is classified as public and is currently operating.

When was First Shanghai Investments founded?

First Shanghai Investments was founded in 1964. It employs 501 to 1,000 people.

Where is First Shanghai Investments based?

First Shanghai Investments is headquartered in Central, Hong Kong SAR China, in the Asia region.

Who are First Shanghai Investments's main competitors?

Broad incumbents on record are China International Capital Corporation (CICC) and HSBC Holdings. Direct peers are Get Nice Holdings, Haitong International Securities Group, Emperor Capital Group, China Merchants Securities, BOCOM International Holdings, Tai Fook Securities Group, China Everbright Limited and China Galaxy Securities.

Does First Shanghai Investments have an API?

No public API is recorded for First Shanghai Investments.

What industry is First Shanghai Investments in?

First Shanghai Investments's product category is Investment Banking and Financial Services. Its primary akta.pro industry code is FSAEALAI, Institutional Capital Introduction (LP/Family Office/Endowment Matching), with a secondary code of FSAAABAI, Alternative Investments for Private Wealth (Hedge Funds, PE/VC Access, Private Credit). Its NAICS code is 523940 and its SIC code is 6211.