Date of report: September 24, 2007
Jutian Securities, the first professional brokerage firm, bid farewell to the historical stage.
After nearly a year of hosting Jutian Securities, China Merchants Securities finally took over the 16 business department under Jutian. At this point, Jutian Securities, the first professional securities company, suddenly withdrew from the market stage.
Recently, Jutian Securities Co., Ltd. posted an open letter to investors with the signature of China Merchants Securities on its website, saying that Jutian Securities 16 business department was closed after the market closed on the afternoon of September 2 1 according to the decision of China Securities Regulatory Commission to revoke its securities business license. At the same time, according to the Reply of China Merchants Securities Co., Ltd. on Agreeing to Establish the 16 Securities Business Department, China Merchants Securities Co., Ltd. established the 16 Business Department at the original site. China Merchants Securities also stated in the letter that it will not undertake any creditor's rights and debts of Jutian Securities and its business department.
Jutian Securities, formerly known as Shenzhen Special Economic Zone Securities Company, is the first professional comprehensive securities company. On May 8, 2006, Jutian Securities failed to complete the rectification on schedule, and there was a big funding gap in customer transaction settlement. The CSRC took measures to restrict its business and suspended its sponsorship and underwriting business. Since July 3, 2006, the company's securities account opening agency business has also been suspended.
Despite many efforts to save themselves, Jutian Securities still failed to meet the requirements of comprehensive management within the time limit. After the market closed on June 3, 2006 at 5438+00 and/kloc-0, Jutian Securities Brokerage Business and its affiliated securities business department were entrusted by China Merchants Securities.
On June 5438+February 2004 1, China merchants securities was qualified as an innovative pilot brokerage firm. On August 8, 2006, the company increased its capital and shares to 3.227 billion yuan. In September of the same year 1, China Merchants Securities acquired Beijing Securities 2 1 business department and 1 service department, and the number of business outlets increased to 55. This time, after Jutian Securities 16 business department was successfully incorporated, the number of business outlets of China Merchants Securities was expanded to 7 1.