The Pacific Securities Co., Ltd. is a Chinese investment bank and brokerage firm.
It was reported that Xiao Jianhua was behind the operation on listing the company to Shanghai Stock Exchange in 2007.
[3] Irregularity was founded after, by-then vice-governor of China Development Bank, Wang Yi (Chinese: 王益) was arrested.
[5] In December 2007, the largest shareholder of the Pacific Securities was the consortium of Beijing Ximeng Real Estate (13.34%), Beijing Huaxin Liuhe Investment (13.20%), China Foreign Economy and Trade Trust (FOTIC, 10.00%), UOB Mainland Investment[nb 1] (6.67%),[nb 2] Yunnan State-Owned Assets Management[nb 1] (3.33%) and CMST Development (SSE: 600787, 3.33%).
[19][24] The second largest shareholder (Chinese: 大连天盛硕博科技), which owned 4.25% shares (150 million), is a private company based in Dalian.