Haitong International Securities Group Limited known as Haitong International is a investment bank based in Hong Kong, it is the first market maker from China at Nasdaq.
When the firm was known as Tai Fook Securities, it was accused that the firm lowered its commission below Stock Exchange of Hong Kong's minimum, by gifts from sister companies Chow Tai Fook Jewellery and New World Telephone in 1999.
Haitong Securities paid HK$1.82 billion to acquire the controlling stake of Tai Fook Securities from NWS Holdings.
Haitong International is the first[failed verification] Chinese financial institution in Hong Kong to have been assigned a “BBB” long-term credit rating by Standard and Poor's.
[4] This article about a Hong Kong company is a stub.