[6] However, Hua Xia Bank, was partially owned by Shougang Corporation (a direct subsidiary of State-owned Assets Supervision and Administration Commission (SASAC) of Beijing Municipal Government at that time) for 14.29%[7] and other companies instead.
However, after several scandal which the staff illegally made investment without the consent of their client, Huaxia Securities went bankrupted (as in 2016 the firm was still being liquidated).
(Chinese: 股份有限公司) In 2016 Century Golden Resources Group sold most of its stake to Shannan Jinyuan (4.92%) and Shanghai Shangyan (2.47%).
[13]: 16 In November 2016, China Securities started the global offering for its new H shares that would be floated on the Stock Exchange of Hong Kong.
[16] On 20 October 2016 China Securities registered its English name in Hong Kong's Companies Register as CSC Financial Co., Ltd.. Its original English trading name which was used in mainland China, China Securities Co., Ltd., was already registered by others in Hong Kong on 21 May 2014 (but with different Chinese name Chinese: 中國證券國際), as well as the present of unrelated company China Securities Holdings (Chinese: 中國証券控股), a small brokerage firm which used the name since 27 February 2012.
[17] CSC Financial also used China Securities Finance Co., Ltd. as the registered name in Hong Kong from July to October 2016.
However, it was in fact the trading name of another financial services company of the mainland China.