Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. China
  4. Shanghai Stock Exchange
  5. China Merchants Securities Co., Ltd.
  6. News
  7. Summary
    600999   CNE100000HK9

CHINA MERCHANTS SECURITIES CO., LTD.

(600999)
  Report
End-of-day quote Shanghai Stock Exchange  -  2023-01-19
14.60 CNY   +0.07%
01/16Air China Limited announced that it has received CNY 14.999999994 billion in funding from a group of investors
CI
01/12China Merchants Securities Co., Ltd. Announces Executive Changes
CI
2022YH Entertainment Seeks Up to HK$607.5 Million in Hong Kong IPO
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

China halts more than 20 IPOs sponsored by China Merchants Securities amid probe

08/24/2022 | 04:41am EST
FILE PHOTO: A man wearing a mask walks by the Shanghai Stock Exchange building at the Pudong financial district in Shanghai

SHANGHAI (Reuters) - Chinese bourses have halted processing more than 20 initial public offering (IPO) plans sponsored by China Merchants Securities, following an investigation into the broker, according to exchange disclosures.

The Shenzhen Stock Exchange has suspended 15 IPO plans set for its ChiNext board, while the Shanghai exchange has paused five IPOs targeting its tech-focused STAR Market since last Friday, exchange filings showed.

Three other IPOs targeting the Beijing Stock Exchange were also affected.

The bourses attributed the halts to an investigation by the China Securities Regulatory Commission (CSRC) into China Merchants Securities, their common sponsor.

The CSRC decided to file a case against China Merchants, as it failed to perform due diligence and was suspected of rule violations during a case in 2014, the broker said earlier this month.

The brokerage said it would cooperate fully with the CSRC.

China has vowed "zero tolerance" towards securities and accounting fraud, seeking to stabilise and reform its capital markets and channelling more money to fund innovation and economic growth.

STAR Market IPO candidates affected included Zhuhai Boya Technology Co., I-TEK OptoElectronics and Wuhan Dameng Database Co.

Impacted ChiNext listing hopefuls included Sidea Semiconductor Equipment (Shenzhen) Co., Guangzhou v-solution telecommunication technology co., and Shenzhen Q&D Circuits.

Chinese bourses have halted processing batches of IPO applications previously as regulators investigated intermediaries.

(Reporting by Jason Xue and Brenda Goh; editing by Jason Neely)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
CHINA MERCHANTS SECURITIES CO., LTD. 0.07% 14.6 End-of-day quote.9.77%
SHENZHEN STOCK EXCHANGE A SHARE INDEX 0.65% 2223.87 Real-time Quote.7.61%
All news about CHINA MERCHANTS SECURITIES CO., LTD.
01/16Air China Limited announced that it has received CNY 14.999999994 billion in funding fr..
CI
01/12China Merchants Securities Co., Ltd. Announces Executive Changes
CI
2022YH Entertainment Seeks Up to HK$607.5 Million in Hong Kong IPO
MT
2022Zhong An Launches Up to HK$225.5 Million Hong Kong IPO
MT
2022 Educational Service Provider Fenbi Launches Up to HK$198 Million IPO
MT
2022China Merchants Securities Co., Ltd. Announces Management Resignations
CI
2022Medical Device Maker OrbusNeich Launches Up to HK$481 Million Hong Kong IPO
MT
2022Sunshine Insurance Launches Up to $950 Million Hong Kong IPO
MT
2022China Merchants Securities Co., Ltd. Announces Board Changes
CI
2022China Merchants Shekou Closes Sale of $191 Million Bonds
MT
More news
Financials
Sales 2022 20 484 M 3 020 M 3 020 M
Net income 2022 8 775 M 1 294 M 1 294 M
Net Debt 2022 202 B 29 762 M 29 762 M
P/E ratio 2022 14,9x
Yield 2022 2,95%
Capitalization 118 B 17 431 M 17 431 M
EV / Sales 2022 15,6x
EV / Sales 2023 11,3x
Nbr of Employees 12 005
Free-Float 32,8%
Chart CHINA MERCHANTS SECURITIES CO., LTD.
Duration : Period :
China Merchants Securities Co., Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CHINA MERCHANTS SECURITIES CO., LTD.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Last Close Price 14,60 CNY
Average target price 13,81 CNY
Spread / Average Target -5,39%
EPS Revisions
Managers and Directors
Zong Min Wu President & Executive Director
Min He Deputy General Manager-Finance
Da Huo Chairman
Linda Lei Zhou Chairman-Supervisory Board
Hua Xiang Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
CHINA MERCHANTS SECURITIES CO., LTD.9.77%17 431
MORGAN STANLEY13.93%162 241
CHARLES SCHWAB-10.29%139 427
THE GOLDMAN SACHS GROUP, INC.3.01%123 226
CITIGROUP INC.14.66%100 445
CITIC SECURITIES COMPANY LIMITED8.84%45 347