This book describes the entrepreneurial of a Chinese securities firm from the early 1990s, and reviews the 30-year history of China’s capital markets with a panoramic and coherent view of the birth and development of a securities institution. It highlights the distinctive feature of “intellectual entrepreneurship” and demonstrates the historical commitment of the intellectual community in China’s reform and opening up era. The book presents rich details of the development and evolution of the securities industry. Whether it is an analysis of the origin of the term “investment banking” in China, or a live account of international financial events, or the journey of fund practitioners—they all give readers a glimpse into the microcosm of China’s capital markets. This book provides valuable historical information and ideas for the study of the history of China’s capital markets.

• Cover
• Half Title
• Title
• Copyright
• List of Figures
• Contents
• Preface
• Introduction: Majesty and Brilliance
• Chapter I: He Comes from Peking University
  • 1. Origins: the mission of intellectuals of the times
    • 2. The “three theories,” GF Securities’ priori advantages in the securities ;market
    • 3. The long road of knowledge and action
• Chapter II: The “PhD Legion” Sets Sail
  • 1. Gathering talents for entrepreneurship
  • 2. Standardized management practices leading the industry
  • 3. The strategy and policymaking
• Chapter III: Developing Investment Banking Nationwide
  • 1. The narrow concept of investment banking and the first investment banking department in China
  • 2. Innovation as the source of vitality of investment banking
  • 3. Developing GF investment banking nationwide
  • 4. Values and humanism of GF investment banking
• Chapter IV: Acquisition and Expansion of GF Securities
  • 1. Dividing business based on developments and seeking intensive development in Guangdong
  • 2. Responding to the first wave of impact
  • 3. Debut in the midst of an international financial event
  • 4. Growth through the industry cycle
• Chapter V: The Flourishing Brokerage Business
  • 1. Differentiated marketing in the initial period
  • 2. Transformation and development under the new business model
  • 3. Client growth in GF
• Chapter VI: Rebirth through Trial and Error: The Road to Self-Reliance
  • 1. The rise of GF Securities in the secondary market
  • 2. The first regulation of China’s securities market
  • 3. Rebirth: the establishment of a self-sustaining and self-improving course
• Chapter VII: At the Dawn of the New Century
  • 1. Reflections over response to China’s accession to the WTO
• 2. The best gift of standardized development
  • 3. Advancement and pioneering: GF investment banking at the turn of the century
• Chapter VIII: In a Show of Courage: A Market-Based Counter-Takeover
  • 1. A survival game
  • 2. Culture, morale, fighting spirit, and market-oriented competition
  • 3. The last-minute decisive victory
  • 4. The establishment of the shareholding structure for long-term stability
• Chapter IX: Going Public
  • 1. “Shareholding” as part of the four-pronged approach
    • 2. Exploring employee stock ownership
    • 3. The ordeal of going public
  • 4. Successfully going public and rising to the next level
• Chapter X: The GF Phenomenon in the Fund Industry
  • 1. Starting securities investment fund business
  • 2. Reflection and transformation
  • 3. Staying at the forefront of changes in capital management
• Chapter XI: GF People in the Futures Industry
  • 1. The fire of futures in winter
  • 2. The new futures army in the conglomeration blueprint of GF Securities
  • 3. An internationalization futures leader
• Chapter XII: Contemplation for the Future
  • In the name of history
    • The power of culture
    • Future glory
• Afterword