JD Capital Plans to Set up Jiuzhou (HK) Company to Venture into International Securities Business


On May 18, JD Capital (430719) announced its plan to set up Jiuzhou International Financial Holding (HK) Limited Company (temporary name, and hereinafter referred to as Jiuzhou (HK) Company). Jiuzhou (HK) Company would register in Hong Kong with a registration capital of HKD 500 million. After the registration, Jiuzhou (HK) Company would submit license applications for securities and futures businesses to Hong Kong Securities and Futures Commission (SFC) and venture into a brand new field of overseas securities and futures services.

The establishment of Jiuzhou (HK) Company will be a key step for JD Capital (with JZ Securities as the controlling broker) to internationalize its securities investment business. JD Capital plans to transfer the equities of Jiuzhou (HK) Company it holds to JZ Securities when the latter is approved by the China Securities Regulatory Commission (CSRC) and the SFC and be qualified to set up subsidiaries in Hong Kong.

JD Securities was established by JD Capital in January 2015. After six months’ development, JD Securities has acquired the licenses to provide such services as securities brokerage, securities dealing, securities investment consulting, securities underwriting, securities asset management, NEEQ brokerage and market making, quickly developing into an integrated securities trader.

JZ Securities intends to accelerate the development of market making, asset management, securities broking, securities margin trading, fix income and other businesses with the IB business as the locomotive. It also plans to develop overseas and cross-border businesses and carry out proper M&A, propelling its businesses to develop in an all-around way. 

JZ Securites will give up the conventional practices of taking the sales department as the primary operating ground. Instead, it will turn to the Internet and introduce two service systems integrating off-line and on-line services. By getting rid of the old practices and ushering in the new one, JZ Securities will contribute to JD Capital’s strategic goal of being an integrated asset management group.

JZ Capital has launched its market making business on the NEEQ market. Its asset management product (Jiuzhou Kaiyuan NEEQ Collective Asset Management Portfolio I) is available through preselling. JZ Securities’ moves in Internet securities field can also be expected.