Everbright Sun Hung Kai
 | |
| Industry | Financial institution |
|---|---|
| Founded | 1969 |
Key people | Li Bingtao (Chief Executive Officer) |
| Products |
Securities Mutual Funds Structured Products Bonds Investment Linked Assurance Scheme (ILAS) IPO Subscription HK Futures & Options Global Futures Stock Options Warrants Bullion Leveraged Foreign Exchange Trading Margin Financing Discretionary Portfolio Management Services Insurance Global Payments Mandatory Provident Fund (MPF) |
| Services |
Wealth Management and Brokerage Corporate Finance and Capital Markets Asset Management Investment and Structured Financing |
Number of employees | about 1,000 (as of March 2018) |
| Parent |
Everbright Securities Company Limited (70%) Sun Hung Kai & Co. Limited (30%) |
| Divisions |
EBSHK Direct EBSHK Private |
| Website | http://www.ebshk.com/ |
Everbright Sun Hung Kai Company Limited, under the brand Everbright Sun Hung Kai (EBSHK), was previously named Sun Hung Kai Financial Limited. The brand name change took place on December 18, 2017. EBSHK is a full-fledged financial firm that provides cross-border and global financial services with its four core businesses of Wealth Management and Brokerage, Corporate Finance and Capital Markets, Asset Management, Investment and Structured Financing. EBSHK has presence in Hong Kong, Macau, Mainland China, and the U.K. EBSHK given Moody’s “Baa3” long-term issuer and “Prime-3” short-term issuer credit ratings. As of June 30, 2018, EBSHK has over HK$143 billion* in assets under management, custody and/or advice, through its subsidiaries.
EBSHK is 70%-owned by the Shanghai and Hong Kong-listed Everbright Securities Company Limited (SSE: 601788, HKEX: 6178), its other 30% stake is retained by Sun Hung Kai & Co. Limited (SHKCO, HKEX: 86). The foundation of EBSHK can be traced back to 1969 when Fung King Hey, Kwok Tak Seng, and Lee Shau Kee teamed up to start the Sun Hung Kai partnership using the Sun Hung Kai brand. In 1996, Allied Properties (H.K.) Limited controlled the company by acquiring the Fung family’s equity interest. In June 2015, Everbright Securities Company Limited acquired 70% of Sun Hung Kai Financial from SHKCO. On December 18, 2017, the brand of Sun Hung Kai Financial (SHKF) was officially renamed as Everbright Sun Hung Kai (EBSHK). Accordingly, the two sub-brands renamed EBSHK Direct and EBSHK Private.
Everbright Sun Hung Kai, Sun Hung Kai & Co. Limited and Sun Hung Kai Properties, though all bearing the name “Sun Hung Kai”, which reflects a shared heritage, are three distinct corporate groups with different controlling shareholders structure and management.
History
- 1969 Sun Hung Kai & Co. is formed by Fung King Hey, Kwok Tak Seng, and Lee Shau Kee.
- 1973 Sun Hung Kai Securities Limited is incorporated.
- 1983 Sun Hung Kai & Co. is listed on the Hong Kong Stock Exchange.
- 1991 Sun Hung Kai Investment Services Limited becomes one of the first underwriters and approved overseas agents for the Shanghai and Shenzhen Stock Exchanges.
- 1993 Sun Hung Kai Investment Services is approved as a B-share seat holder of the Shanghai and Shenzhen Stock Exchanges.
- 1996 Allied Properties (H.K.) Limited acquires the Fung family's equity interest in the Company.
- 1997 Sun Hung Kai Investment Services is approved as a Foreign Share Broker and Lead Underwriter by the China Securities Regulatory Commission.
- 2000 SHK Direct launches, offering straight-through internet-based order processing.
- 2002 The Company diversifies its operations by establishing wealth management and alternative investment businesses.
- 2010 The Group forms alliances with CVC Capital Partners and Macquarie FX Investments Pty Limited.
- 2011 Sun Hung Kai Private is established as a wealth management service. Sun Hung Kai Financial forms a strategic alliance with Look's Asset Management Limited.
- 2015 In June, Everbright Securities completes acquisition of a 70% stake in Sun Hung Kai Fiancial through its Hong Kong subsidiary Everbright Securities Financial Holding Limited.
- 2017 In December, Sun Hung Kai Financial is officially renamed as Everbright Sun Hung Kai.