the first A+H IPO; the first bond product with a guaranteed floating return; the first asset-backed security product; and, the first non-guaranteed local enterprise bond. It has also been the first to introduce quantitative investment concepts and trading strategies, managing the first hedge fund in China. Guotai Junan is the first investment bank conducting cross-border business and the first one to gain approval for RQFII. Junhong Wealth Club, one of the leading brands in Chinese wealth management, is also operated by the bank. During 2004–2011, the company has been top-ranked in World Brand Lab-China's 500 Most Valuable Chinese Securities Brands. Between 2008–2012, it obtained Class A AA-level according to the securities classification of the China Securities Regulatory Commission for five consecutive years. Structure Guotai Junan Securities is a partially state-owned enterprise, headquartered in Shanghai. The company's international business is managed through its Hong Kong subsidiary, Guotai Junan International. The parent company includes the following subsidiaries: Guotai Junan Financial Holdings Limited Guotai Junan Futures GTJA Innovation Investment Guotai Junan Asset Management Guotai Junan International Business scope Brokerage Proprietary Investment Securities Underwriting and Sponsors Securities Investment Consultancy Finance Consultancy on Securities Investment and Trading Fund Distribution Margin Trading and Securities Lending IB for Futures Companies Asset Management (Subsidiary) Equity Investment (Subsidiary) Commodity/Financial Futures Brokerage (Subsidiary) Fund Management and Establishment (Subsidiary) Oversea Business (Subsidiary) Other business approved by China Securities Regulatory Commission See also Guotai Junan Futures Yim Fung Securities industry in China References External links Official site Guotai Junan Futures Guotai Junan Asset Management Gutoai Junan International Companies in the CSI 100 Index Companies listed on the Hong Kong Stock Exchange Companies listed on the Shanghai Stock Exchange H shares Investment banks in China Companies based in Shanghai Financial services companies established in 1992