Breaking Down GF Securities Co., Ltd. Financial Health: Key Insights for Investors

From its founding in 1991, GF Securities Co., Ltd. has grown into a leading Chinese securities firm headquartered in Guangzhou with over 300 branches serving clients across 31 provinces, municipalities and autonomous regions, reporting consolidated total assets of RMB 617.26 billion as of December 31, 2022-a year-over-year increase of 15.19%-while sustaining cumulative public welfare expenditures of approximately RMB 225 million by the end of 2022; guided by a mission to "create value to realize the dream of serving the country with financial services," a vision to become a modern investment bank of international competitiveness, brand influence and systematic importance, and core values of inquisitiveness, integrity, client focus and teamwork, GF Securities combines scale, financial strength and social commitment to support the real economy and expand its global reach in research, asset management and wealth management driving its strategic initiatives and service diversification

GF Securities Co., Ltd. (1776.HK) Intro

• Client First - prioritize client interests, transparency, and tailored solutions.
• Integrity - uphold strict compliance, ethical conduct, and risk management.
• Innovation - leverage technology and research to innovate financial products and services.
• Excellence - pursue industry-leading performance in research, asset management, and wealth management.
• Responsibility - commit to corporate social responsibility and sustainable development.

• Comprehensive service platform: brokerage, investment banking, asset management, wealth management, and research.
• Nationwide distribution: over 300 branches serving clients in 31 provinces, municipalities, and autonomous regions.
• Research-driven decision-making: industry-leading research capabilities to support capital markets and clients.
• Technology and digital transformation: investment in fintech to improve client experience and operational efficiency.
• ESG and CSR integration: embedding sustainability in business strategy and community engagement.

• Product Development - develop structured products and asset-management strategies aligned with real-economy financing needs.
• Capital Markets Support - provide IPO and M&A advisory to help domestic enterprises access capital efficiently.
• Wealth Management - expand tailored wealth solutions leveraging research and risk-control capabilities.
• Risk & Compliance - strengthen capital adequacy, liquidity management, and internal controls consistent with regulatory expectations.
• Social Impact - maintain philanthropic programs and community investment, reflected in RMB 225 million cumulative welfare spending.

• Board oversight with independent directors and specialized committees for audit, risk, and nomination.
• Robust risk frameworks covering market, credit, operational, and compliance risks to safeguard clients and stakeholders.
• Regular disclosure and investor engagement to uphold transparency and market confidence - see investor profile: Exploring GF Securities Co., Ltd. Investor Profile: Who's Buying and Why?

GF Securities Co., Ltd. (1776.HK) - Overview

Mission Statement

GF Securities' mission is to 'create value to realize the dream of serving the country with financial services.' This mission underpins the firm's strategic priorities: delivering tangible client value, supporting the real economy, and aligning growth with national development goals. The mission is repeatedly reflected in the firm's public communications and its emphasis on high-quality development in the 2023 annual results.

• Create value for clients, investors and the broader economy.
• Serve the country by financing and supporting national economic objectives.
• Deliver comprehensive financial solutions across capital markets, investment banking, asset management, wealth management and fintech.

Vision

GF Securities positions itself as a leading integrated financial services provider that combines scale, innovation and national service orientation to support China's economic transformation. The vision emphasizes leadership in capital markets, risk management excellence, and enabling long-term, sustainable growth for clients and the real economy.

• Be a premier, full-spectrum securities and asset management group in China and globally.
• Drive financial innovation while maintaining prudent risk controls.
• Deepen contributions to the real economy through financing, advisory and investment solutions.

Core Values

• Patriotism & Responsibility - aligning business objectives with national priorities and public welfare.
• Client-Centricity - prioritizing measurable value and outcomes for clients.
• Integrity & Compliance - embedding robust governance and regulatory compliance in operations.
• Innovation - leveraging technology, product development and digital capabilities to enhance service delivery.
• Collaboration - fostering cross-business synergy to provide integrated solutions.

How mission, vision and values translate into measurable outcomes

Governance & National Service Alignment

• Policies and capital allocations are oriented to support infrastructure, industrial upgrading and strategic sectors consistent with state priorities.
• Risk management frameworks and compliance mechanisms reinforce the firm's ability to serve systemic and long-term national needs.
• Talent development and research capabilities are directed to sustain competitiveness in China's evolving financial landscape.

Recent emphasis (2023 annual results)

• Reinforced commitment to high-quality development and serving the real economy as core strategic imperatives.
• Enhanced integration across investment banking, wealth management and asset management to drive fee diversification and sustainable revenue streams.
• Ongoing investments in digital platforms and risk-control systems to balance innovation with stability.

Further reading

Exploring GF Securities Co., Ltd. Investor Profile: Who's Buying and Why?

GF Securities Co., Ltd. (1776.HK) - Mission Statement

• Deliver comprehensive capital markets, wealth management, and asset management solutions that meet institutional and retail needs.
• Maintain prudent risk controls and regulatory compliance while pursuing scalable growth.
• Invest in technology, research, and talent to sustain competitive advantage and operational resilience.
• Expand international footprint through partnerships, cross-border offerings, and selective overseas M&A.

• International competitiveness: Increase cross-border underwriting, global fixed-income syndication, and international prime brokerage to raise non-domestic revenue share.
• Brand influence: Strengthen thought leadership via research, flagship IPO mandates, and sponsorship of market infrastructure projects to elevate brand recognition across APAC, EMEA, and North America.
• Systematic importance: Scale core market-making, repo operations, and institutional custody to be a systemically important node in regional capital markets.

• Service diversification - integrate investment banking, brokerage, asset management, and fintech platforms to deepen client relationships.
• Global partnerships - joint ventures, strategic alliances, and representative offices to access new investor pools and product capabilities.
• Capital and liquidity management - maintain strong CET1-equivalent capital buffers and diversified funding sources to support market-making and underwriting capacity.

• Increase international revenue share from ~12% to 20% within 3-5 years via expanded cross-border underwriting and overseas wealth products.
• Grow AUM by 15-20% CAGR through product innovation and distribution partnerships.
• Maintain capital adequacy and liquidity ratios above regulatory floors; target a progressive buffer to support systemic-role ambitions.
• Enhance digital engagement metrics - target 30% growth in digitally active retail clients and reduction in onboarding time by 40%.

• Expand global research coverage to top 20 international institutional clients and increase published cross-border research reports by 50% year-over-year.
• Pursue flagship IPO mandates and strategic underwriting roles to elevate brand influence in high-visibility transactions.
• Scale market-making desks and fixed-income distribution to improve depth and resilience in volatile markets.

GF Securities Co., Ltd. (1776.HK) - Vision Statement

• Inquisitiveness - Cultivating continuous learning, curiosity, and an evidence-driven approach that fuels product innovation, quantitative research, and new-market solutions.
• Integrity - Upholding the highest ethical standards, transparency in disclosures, and rigorous compliance to protect clients and the firm's reputation.
• Client focus - Prioritizing deep client understanding, tailored advisory, and service excellence across institutional, corporate, and retail segments.
• Teamwork - Leveraging multidisciplinary collaboration across equities, fixed income, wealth management, investment banking, and asset management to deliver coordinated solutions.

• Innovation pipeline: proportion of revenue from new products and services within three years of launch; dedicated tech spend as % of revenue.
• Ethics and compliance: number of compliance breaches (aiming for continuous reduction), audit coverage ratio, and timeliness of regulatory reporting.
• Client success: AUM growth rate, client retention rate, net promoter score (NPS), and fee income diversification.
• Collaboration: percentage of revenue from cross‑business transactions and internal leadership mobility rates.