What Northeast Securities does

Northeast Securities Co., Ltd. (东北证券股份有限公司) is a Shenzhen Stock Exchange-listed (000686.SZ) comprehensive Chinese securities firm headquartered in Changchun, Jilin Province, with operating history dating to 1988. The company operates across nine business lines: securities brokerage, margin financing and securities lending, investment banking (IPO, refinancing, bond issuance, M&A), asset management (Dongzheng Ronghui), public fund management (Orient Fund), private equity (Dongzheng Rongtong), proprietary trading (FICC, equity, derivatives, quantitative, market making), institutional research, OTC derivatives, stock pledge financing, and regional equity market services.

The firm serves retail investors through a hybrid distribution model combining 48 regional branches and 81 securities sales offices across 28 provinces with proprietary digital trading platforms (融通, 通达信, 同花顺 integrations) and mobile applications supporting A-shares, Hong Kong and US stocks, futures, options, STAR Market, and Beijing Stock Exchange trading. Institutional clients are served through a dedicated prime brokerage team, quantitative fund services platform (SMJ), and the NET algorithmic trading platform. Corporate clients access investment banking services through 130+ professionals, with 50% holding CPA or lawyer credentials. SME clients are served through regional equity market sponsorship across 8 member regions, with 179 listings and RMB 8.35 billion cumulative financing.

Name

Northeast Securities

Legal name

东北证券股份有限公司

Website

https://nesc.cn

Company type

Public

Founded year

1988

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

东北证券 is a Shenzhen-listed (000686.SZ) Chinese full-service securities firm offering brokerage, investment banking, asset management, and proprietary trading to retail, institutional, corporate, and SME clients through 48 branches nationwide and proprietary digital trading platforms.

Ownership category

akta.pro rank

Product category

Securities Brokerage and Investment Services

NAICS

Investment Banking and Securities Intermediation (52315), Securities and Commodity Contracts Intermediation and Brokerage (5231), Portfolio Management and Investment Advice (523940)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)

akta.pro primary industry

Structured Finance & Securitization Placement (ABS/MBS/CLO) (FSAEALAK)

akta.pro secondary industries

Rate, Inventory & Utilization Analytics (SFT Data/Benchmarks) (FSACAIAJ), Sub-Accounting & Platform Servicing (Omnibus, Intermediary/NSCC, Retirement Platforms) (FSAAAMAI)

Keywords

• Securities brokerage services
• Investment banking advisory
• Asset management services
• Margin financing securities lending
• Wealth management

Headquarters

HQ city

Changchun Shi

HQ country

China

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D

Revenue model

1. 证券经纪业务 (Securities Brokerage): Commission-based brokerage services for stocks, bonds, funds, futures and options trading. Primary retail-focused revenue stream serving individual investors through branches and digital platforms.
2. 融资融券业务 (Margin Trading): Lending of funds (融资) and securities (融券) to customers, generating interest income on margin loans and fees on short selling. Interest rates at 8.35% p.a. for financing; 10.35% p.a. for securities lending.
3. 投资银行业务 (Investment Banking): Equity underwriting (IPO, refinancing), bond issuance, M&A advisory, and New Third Board listing advisory services for corporate clients.
4. 资产管理业务 (Asset Management): Securities asset management through Dongzheng Ronghui (东证融汇), public fund management through Orient Fund (东方基金), and private equity through Dongzheng Rongtong (东证融通).
5. 证券投资业务 (Proprietary Trading): Proprietary equity and fixed income (FICC) trading using the company's own capital, including derivatives, quantitative strategies, market making, and alternative investments.
6. 研究咨询业务 (Research Services): Institutional research reports and advisory services covering macroeconomics, sectors, and individual stocks, serving institutional clients, fund managers, and corporate clients.
7. 场外衍生品 (OTC Derivatives): Fixed and floating income notes (收益凭证) issued to investors, providing structured fixed-income products.
8. 股票质押式回购 (Stock Pledge Repurchase): Securities-backed lending where clients pledge stocks as collateral for cash loans, generating interest income.
9. 区域股权市场业务 (Regional Equity Market): Listing sponsorship, continuous supervision, and private bond financing services for SMEs on regional equity markets. Accumulated 8.35 billion RMB in financing for 179 listed companies across 8 member regions.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels6 records

Core offering

Northeast Securities is a comprehensive Chinese securities firm offering wealth management (securities brokerage, asset allocation, futures via Bohai Futures subsidiary), credit business (margin financing, stock pledge, securities lending, equity incentive financing), institutional services (research, prime brokerage), asset management (collective and targeted plans via Dongzheng Ronghui, public funds via Orient Fund, private equity via Dongzheng Rongtong), investment banking (IPO, refinancing, bond issuance, M&A, regional equity markets) and proprietary securities investment (FICC, equity, derivatives, quantitative, NEEQ market making, alternative investment via Dongzheng Rongda). It distributes these services through 48 regional branches, 81 securities sales offices across 28 provinces, and a unified proprietary-plus-partnered digital trading platform stack (融e通, 通达信, 同花顺, 大智慧, 汇点, 私募家, NET极速版).

Product overview

Northeast Securities offers a unified platform portfolio combining proprietary and integrated third-party trading systems alongside comprehensive financial services. The core product suite centers on the 东北证券融e通 platform, supplemented by integrated third-party platforms including 通达信, 同花顺, and 大智慧, with institutional solutions such as 私募家 and 汇点股票期权 for professional clients. The company provides mobile applications for both retail (融e通, 同花顺, 大智慧) and specialized trading (期权掌上通). Beyond the technology platforms, Northeast Securities delivers full-spectrum financial services spanning wealth management (财富管理), credit business (信用业务), institutional services (机构服务), asset management (资产管理), investment banking (投行业务), and securities investment (证券投资), positioning itself as a comprehensive securities firm with integrated digital trading infrastructure.

Differentiator

Problem solved

Functional benefit

Brands

• 东证融汇: 全资子公司，负责证券资产管理业务
• 东证融通
• 东证融达
• 东方基金
• 渤海期货
• 东证视点
• 东证研究
• 点石成金
• 天天向上
• 中小企服研究院
• 私募家
• 固鑫宝
• 融e通

Products and services

• 融e通核心交易客户端 (Rong-e-Tong Core Trading Client) All-in-one proprietary trading platform providing comprehensive market data, securities trading, margin trading, bond repurchase, stock options, cross-market trading (Shanghai-Hong Kong Stock Connect, New Third Board), STAR Market Growth Tier and Beijing Stock Exchange convertible bond features for retail and institutional clients.
• NET极速版/专业版 (NET Express/Professional Algorithmic Trading Platform) Advanced algorithmic trading platform for high-net-worth and institutional clients featuring conditional stock selection, star-map linked order execution, basket trading, one-click portfolio rebalancing, grid trading and multi-level parallel risk control.
• 私募家交易端 (Private Banker Institutional Trading Terminal) Institutional-grade trading tool for private equity and quantitative fund managers supporting multi-market multi-product trading, algorithmic trading, basket trading and comprehensive risk management; accessible via smj.nesc.cn.
• 汇点股票期权系统 (Huidian Stock Options System) Professional stock options trading system integrating options, securities, futures, index options and forex indices markets with automated stop-loss/profit-taking, lightning order execution and option strategy trading tools.
• 通达信VIP极速交易客户端 (TongDaXin VIP Ultra-Fast Trading Terminal) Specialized high-speed trading terminal for A-share Shenzhen Apex fast trading customers, supporting ultra-fast order execution across A-shares and STAR Market.
• 融e通手机客户端 (Rong-e-Tong Mobile App) One-stop mobile financial services platform providing intelligent securities trading, scenario-based financial services, convenient business processing and comprehensive market data across iOS and Android.
• 财富管理业务 (Wealth Management Services) Comprehensive wealth management services including securities brokerage, asset allocation, financial product distribution and advisory services for retail and institutional clients; includes Bohai Futures subsidiary for futures brokerage.
• 信用业务 (Credit Business) Credit services including margin trading (融资融券) with financing rate of 8.35% p.a. and securities lending rate of 10.35% p.a., stock pledge repurchase (股票质押), refinancing through 转融通, and equity incentive financing (股权激励行权融资).
• 机构服务 (Institutional Services) Institutional services covering research consulting, prime brokerage (主经纪商), quantitative private equity support and customized financial solutions for hedge funds, mutual funds and asset managers.
• 资产管理业务 (Asset Management Services) Asset management services including collective and targeted asset management plans via Dongzheng Ronghui (东证融汇), public fund management via Orient Fund (东方基金), private equity fund management via Dongzheng Rongtong (东证融通, RMB 600 million registered capital) and alternative investment via Dongzheng Rongda (东证融达, RMB 1 billion registered capital).
• 投行业务 (Investment Banking Services) Investment banking services including equity financing (IPO, refinancing), bond underwriting, M&A advisory, Beijing Stock Exchange services and regional equity market operations (新三板/区域股权), with 130+ professionals of whom 30% are sponsor representatives and 50% hold CPA or lawyer credentials.
• 证券投资业务 (Proprietary Securities Investment) Proprietary securities investment business including FICC (Fixed Income, Currencies & Commodities), equity proprietary trading, derivatives, quantitative strategies, NEEQ market making (recognized as top-5 market maker with consecutive awards), OTC derivatives income vouchers (场外衍生品收益凭证) and alternative investments.
• 区域股权市场业务 (Regional Equity Market Services for SMEs) Listing sponsorship, continuous supervision, standardized corporate restructuring and private bond financing services for SMEs on regional equity markets; accumulated RMB 8.35 billion in financing across 179 listed companies in 8 member regions, serving 200+ SME clients.

Quantifiable outcome

• 179 companies listed on regional equity markets, with RMB 8.35 billion cumulative financing raised for SMEs
• +3 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature6 records

Partnerships

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

• 渤海期货 (Bohai Futures Co., Ltd.)coreOthersControlled subsidiary through which Northeast Securities conducts futures brokerage business. Bohai Futures operates under the brand of Northeast Securities' wealth management division, offering futures trading and futures IB services to clients. The subsidiary follows the company's '诚信、高效、勤勉、自强' (integrity, efficiency, diligence, self-improvement) philosophy.
• 东方基金 (Orient Fund Management Co., Ltd.)coreOthersControlled subsidiary managing public offering fund business. Northeast Securities holds a controlling stake in Orient Fund, which offers mutual fund products and investment management services to retail and institutional investors.
• 东证融汇证券资产管理有限公司 (Dongzheng Ronghui Securities Asset Management Co., Ltd.)coreOthersWholly-owned subsidiary handling securities asset management operations, offering collective asset management plans, targeted asset management, and specialized asset management products to institutional and high-net-worth clients.
• 东证融通投资管理有限公司 (Dongzheng Rongtong Investment Management Co., Ltd.)coreOthersWholly-owned private equity fund subsidiary established in November 2010 with registered capital of RMB 600 million. Based in Beijing's Xicheng District, it invests in unlisted company equity and exits through IPO or M&A. Registered address: Beijing Xicheng District, Jin Shifang Street, Level 7.
• 东证融达投资有限公司 (Dongzheng Rongda Investment Co., Ltd.)coreOthersWholly-owned alternative investment subsidiary established September 11, 2013 in Shanghai Pudong New Area. Registered capital RMB 1 billion. Business scope: financial product investment and equity investment. Office: Shanghai Pudong New Area, Floor 10, Building 3, 799 Yangao South Road.
• Shanghai Stock Exchange (上海证券交易所)strategicOthersMember exchange providing trading venue for Shanghai-listed stocks, bonds, ETFs, options, and STAR Market (科创板) securities. Northeast Securities serves as a member broker-dealer on the exchange.
• Shenzhen Stock Exchange (深圳证券交易所)strategicOthersMember exchange providing trading venue for Shenzhen-listed stocks, bonds, ETFs, options, ChiNext (创业板), and other products. Northeast Securities is a member broker-dealer. Stock code 000686.SZ listed on this exchange.
• Beijing Stock Exchange (北京证券交易所)strategicOthersMember exchange for Beijing Stock Exchange trading services, providing support for SME stocks and bond products. Northeast Securities has developed capabilities in 北交所业务 including financing, margin trading, and investment banking services.
• National Equities Exchange and Quotations / New Third Board (全国中小企业股份转让系统/新三板)strategicOthersNew Third Board (新三板) market where Northeast Securities operates market making business. The company has been recognized as '年度最佳做市商' (Best Market Maker) for 2 consecutive years, demonstrating strong market making capabilities on the platform.
• 银华基金管理股份有限公司 (Yinhua Fund Management Co., Ltd.)minorOthersChairman Li Fuchun serves as a director of Yinhua Fund Management Co., Ltd., indicating a board-level relationship between Northeast Securities and Yinhua Fund. Northeast Securities' subsidiary Orient Fund also operates in the public fund management space.
• China Securities Depository and Clearing Corporation (中国结算)strategicTechnology or IntegrationNational clearing and depository infrastructure for all Chinese securities. Northeast Securities interfaces with China Securities Depository and Clearing Corporation for trade settlement, margin collateral management, and securities custody services across all exchanges.
• China Securities Finance Corporation / 中证金 (证券金融股份有限公司)strategicTechnology or IntegrationChina Securities Finance Corporation (中证金) operates the securities lending and refinancing platform (转融通). Northeast Securities participates as both a lender and borrower of securities through the 转融通 platform, accessing broader securities lending pools and managing inventory.

Scale indicators11 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• China Merchants Securities: Full-service Chinese securities firm with comparable offerings in brokerage, investment banking, asset management, and proprietary trading; directly competitive for both retail and institutional clients.
• China Galaxy Securities: State-affiliated full-service Chinese broker with comparable brokerage, IB, and AM franchises; similar mid-to-large scale and overlapping customer base across retail and institutional segments.
• Industrial Securities: Chinese securities firm with parallel brokerage, investment banking, and asset management offerings; similarly positioned as a mid-to-large tier-2 Chinese broker competing for the same institutional and retail wallet.
• Huatai Securities: Major Chinese full-service securities firm with brokerage, IB, and asset management businesses; directly comparable in business mix to Northeast Securities, though at significantly larger scale.
• Soochow Securities: Mid-tier Chinese securities firm with overlapping brokerage, IB, and AM offerings; comparable in scale to Northeast Securities and competing directly in regional equity markets and retail brokerage.
• Guotai Junan Securities: Top-tier Chinese securities firm offering the same full suite of brokerage, investment banking, asset management, and proprietary trading services — directly comparable on every business line Northeast Securities operates.
• Shanxi Securities: Regional Chinese securities firm with comparable brokerage and IB offerings; similar in scale and structural positioning to Northeast Securities as a regional full-service broker with nationwide aspirations.

Broad incumbents

• CITIC Securities: Largest Chinese securities firm and a broad incumbent across all lines — brokerage, IB, AM, prop trading, research; competes with Northeast Securities across every segment but at materially greater scale and capability.

Regional players

• Huaxin Securities: Smaller Chinese securities firm with comparable business lines including brokerage and investment banking; competes in overlapping regional markets though at a smaller scale than Northeast Securities.

Others

• Orient Fund Management: Northeast Securities' controlling subsidiary in public fund management; included as an ecosystem peer reflecting the firm's asset management arm rather than as a direct competitor. Listed separately because it competes with other Chinese public fund managers in retail fund distribution.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/northeast-securities-co-ltd-

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

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

M&A

Investments8 records

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

Frequently asked questions about Northeast Securities