Goldman Sachs (China) Securities Co., Ltd. (referred to as "Goldman Sachs China") was formerly known as Goldman Sachs Gaohua Securities Co., Ltd., established in Beijing in 2004. In October 2021, Goldman Sachs Group became the 100% owner of Goldman Sachs Gaohua and renamed it Goldman Sachs China in June 2023. Goldman Sachs China provides clients with services such as securities brokerage, proprietary trading, securities investment advisory, financial product distribution, underwriting sponsorship for A-share stocks and bonds, as well as financial market or capital market services like mergers and acquisitions.
The development history of Goldman Sachs China (formerly Goldman Sachs Gaohua):
- 2004: Goldman Sachs Group and Beijing Gaohua Securities Co., Ltd. ("Beijing Gaohua") jointly founded Goldman Sachs Gaohua Securities Co., Ltd. ("Goldman Sachs Gaohua").
- 2005: Goldman Sachs China received approval from the China Securities Regulatory Commission, becoming one of the first joint venture securities companies authorized to engage in A-share listing business.
- Between 2006 and 2018: Goldman Sachs China underwrote the A-share issuances, additional issuances, and convertible bond issuances for companies including Bank of China, Sinopec, Ping An Insurance, China Mobile, Tencent, Country Garden, JD.com, and CITIC Securities.
- 2020: Goldman Sachs Group was approved to increase its shareholding in Goldman Sachs Gaohua from 33% to 51%, becoming the controlling shareholder of the joint venture.
- October 2021: Goldman Sachs Group acquired 100% equity in Goldman Sachs Gaohua, achieving full ownership of the company.
- June 2023: Goldman Sachs Group officially changed the name of Goldman Sachs Gaohua to Goldman Sachs (China) Securities Co., Ltd. (abbreviated as Goldman Sachs China).
The business scope of Goldman Sachs China can be divided into the following areas:
- Securities Brokerage: Brokerage and proprietary trading of stocks and bonds (government bonds, corporate bonds), and distribution of financial products.
- Asset Management: Providing global asset management services to clients, including diverse investment strategies such as hedge funds, private equity, real estate, and infrastructure.
- Wealth Management: Offering wealth management services to clients, including investment advisory, wealth planning, trust and estate planning.