The predecessor of Northern Securities, as the sponsor and director of Shanghai Stock Exchange, was rated as the 10 in the securities industry by China the State Council Development Research Center, the central bank and other ministries and commissions 194 in194, and it is the largest securities company in Northeast China.
1999, according to the national requirements for "separate management and separate operation" of banking and securities industries, the company was decoupled from the controlling shareholder, China Industrial and Commercial Bank of China Shenyang Branch, and was restructured and reorganized with capital increase and share expansion as the core according to the requirements of the CSRC and the provisions of the Company Law, and was later renamed as Shenyang North Securities.
North Securities Co., Ltd. moved to Lujiazui, Pudong, Shanghai in the spring of 2002. In 2002, with the approval of China Securities Regulatory Commission, it increased its capital and shares to 654.38+0 billion yuan, becoming a national comprehensive brokerage firm.
Entrusted by orient securities in 2005. "In view of the serious illegal operation of Northern Securities, in order to maintain the stability of the securities market and protect the legitimate rights and interests of investors and creditors, according to the relevant provisions of the state, the China Securities Regulatory Commission decided to entrust orient securities with the custody of Northern Securities Brokerage Business and its affiliated securities business department after the market closed on May 27."