New Stock News | NANHUA FUTURES resubmits application to Hong Kong Stock Exchange, focusing on providing futures and derivatives services for domestic and international markets

According to the Hong Kong Stock Exchange's disclosure on October 31, Nanhua Futures Co., Ltd. (603093.SH) has submitted a listing application to the main board of the Hong Kong Stock Exchange, with CITIC Securities as the exclusive sponsor. This is the company's second submission to the Hong Kong Stock Exchange.

According to the prospectus, Nanhua Futures is a leading futures company in China, providing global financial services to clients. It ranks second among all futures companies in China based on ROE for 2024 and first based on overseas revenue for 2024. The company's main focus is on providing futures and derivatives services in both domestic and international markets.

After 30 years of development, the Chinese futures market faces significant opportunities driven by policy and market demand. According to a Frost & Sullivan report, the Chinese futures market is the largest commodity market in the world, covering over 140 products across 41 industries, including agriculture, energy, and metals. The correlation between futures and spot prices exceeds 90%, serving as an important pricing benchmark. China operates six futures exchanges, offering a variety of futures and options. As of the end of 2024, there are 146 listed products: 125 commodities (73 futures, 52 options), 20 financials (8 futures, 12 options), and 1 index futures.

Overseas derivatives market. An increasing number of Chinese enterprises are actively promoting the "going out" strategy. According to the Frost & Sullivan report, in the first half of 2024, A-share listed companies achieved overseas business revenue of approximately RMB 3.8 trillion, a year-on-year increase of 12.8%. The demand for Chinese enterprises to participate in global financial markets (including futures and derivatives markets) is growing. Futures companies based in China with strong international operations will benefit from this trend.

Nanhua Futures' annual profit has significantly increased from RMB 2.459 billion in 2022 to RMB 4.580 billion in 2024, with a compound annual growth rate of 36.5%. During this period, profits remained stable, amounting to RMB 2.305 billion for the six months ending June 30, 2024, and RMB 2.313 billion for the six months ending June 30, 2025.