JD Capital Increases Investment in Securities Business and Plans to Set up Another 19 Subsidiaries
JD Capital steps up investments in its securities company JZ Securities again and now holds 79.62% shares of the company. Apart from the 15 approved subsidiaries, JZ Securities is planning to establish another 19.
On August 24, JD Capital announced that in order to further develop the capital strength and expand business of JZ Securities, JD Capital intended to put more investment in the company, after which, JZ Securities would hold 1,095.274 million yuan of registered capital, nearly 2 billion yuan of net assets and JD Capital would own its 79.62% shares.
In June this year, JZ Securities received approval of establishing 15 subsidiaries from the supervision department, and the preparations are now basically completed. Seven subsidiaries in Sichuan, Hunan, Shenzhen and other regions have gone into operation and the other eight will open soon.
Additionally, JZ Securities is planning to apply for the establishment of another 19 subsidiaries. If approved, JZ Securities will have 34 subsidiaries and one business department, covering all provinces and cities only except Tibet. In the future, from its operational headquarters in Beijing to 35 branches nationwide, JZ Securities will form a powerful, well-organized and nation-wide system of business development and marketing services to provide consumers with professional and customized financial services.
As the first PE securities company invested by JD Capital in China, JZ Securities is qualified for multiple businesses including underwriting, sponsorship, asset management, securities brokerage, market making. A few days ago, JZ Securities proclaimed to wholly purchase Huahai Futures Brokerage, further diversifying its business by incorporating future businesses.