Search company, investor...

Predict your next investment

China Merchants Securities company logo
Diversified Financial Services
newone.com.cn

Investments

34

Portfolio Exits

10

Funds

1

About China Merchants Securities

China Merchants Securities (SHA: 600999) provides brokerage services, securities placement services, and asset management services. The Company operates securities trading outlets in multiple cities in China.

Headquarters Location

38-45/F, Block A, Jiangsu Bld Yitian Road, Futian District

Shenzhen, Guangdong,

China

+86 755 8294 3666

Are you an investor?
Submit your portfolio details now to be considered in our investor rankings.

Latest China Merchants Securities News

Chatbot dreams drive frenzied tech rally in China

Mar 29, 2023

On some days, including several last week, turnover in tech, media and telecom (TMT) stocks made up more than 40% of total market trade, according to China Merchants Securities' research, for a record concentration of trading volume. Investors say they are buying in hope that bots similar to Microsoft's ChatGPT can revolutionise the sector, cut costs and open up new paths to growth. Reuters | Beijing | Updated: 29-03-2023 14:23 IST | Created: 29-03-2023 14:18 IST Representative Image Image Credit: Pixabay Country: SHARE Investors are piling into China's tech, media and telecom shares, with speculative bets on chatbot development crowding out other sectors in a scenario that offers a stark contrast with global caution. Mainland China computer, communications equipment and media indexes have surged between 29% and 35% this year, outstripping a rise of just 3.5% in the benchmark CSI 300 Index. On some days, including several last week, turnover in tech, media and telecom (TMT) stocks made up more than 40% of total market trade, according to China Merchants Securities' research, for a record concentration of trading volume. Investors say they are buying in hope that bots similar to Microsoft's ChatGPT can revolutionise the sector, cut costs and open up new paths to growth. But as fear of missing out kicks in to extend the rally to new heights, analysts worry gains can turn unstable, and there are already some signs it is distorting markets. "In the stockmarket, AI will be an epic opportunity," said Niu Chunbao, a fund manager at Wanji Asset Management who worried he was missing the rally and bought AI stocks in recent weeks, after cutting exposure to new energy in February. Data compiled by Cinda Securities showed exchange-traded funds are getting cash, too, with TMT-focused funds drawing net inflows of 4 billion yuan ($580 million) over the past three months, among the largest such buying in any sector. But as broader market gains falter, with doubts swirling over the robustness of China's recovery from the COVID-19 pandemic, the frenzy is sucking up enough money to pose wider risks. A February warning in state media has not stopped the trend. "The siphon effect of the TMT sector has become increasingly obvious," said Guosheng Securities analysts in a note, while others pointed to fundamentals that appear shaky. An eye-catching tripling in the share price of chipmaker Cambricon Technology Corp has driven its market value above $10 billion, despite the company reporting losses since 2017. Beijing Haitian Ruisheng Science Technology’s shares have quadrupled, even as the AI training data provider cautioned investors it did not see substantial order growth brought by artificial intelligence-generated content (AIGC). "The AIGC trade is obviously overheated," said Yao Pei, chief strategist at Hua Chuang Securities. Still, with China's government supportive of technology development, some think winners will eventually emerge, even if there is a washout in the market first. "Most companies that surged in the frenzy are junk stocks, which lack long-term value, and the investments are merely Ponzi schemes," said Yuan Yuwei, fund manager at Water Wisdom Asset Management. "The junk shares will certainly slump, then we will see real industry leaders emerge." ($1=6.8891 Chinese yuan renminbi) (This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) READ MORE ON:

China Merchants Securities Investments

34 Investments

China Merchants Securities has made 34 investments. Their latest investment was in Wego Jericom as part of their Series A on August 8, 2023.

CBI Logo

China Merchants Securities Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/24/2023

Series A

Wego Jericom

Yes

2

4/24/2023

Series D

PMT

Yes

1

3/10/2023

Series C

Shenzhen Infypower

Yes

1/11/2023

Series C - II

Subscribe to see more

Subscribe to see more

10

8/22/2022

Series B

Subscribe to see more

$99M

Subscribe to see more

10

Date

8/24/2023

4/24/2023

3/10/2023

1/11/2023

8/22/2022

Round

Series A

Series D

Series C

Series C - II

Series B

Company

Wego Jericom

PMT

Shenzhen Infypower

Subscribe to see more

Subscribe to see more

Amount

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

2

1

10

10

China Merchants Securities Portfolio Exits

10 Portfolio Exits

China Merchants Securities has 10 portfolio exits. Their latest portfolio exit was Huaqin on August 08, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/8/2023

IPO

$99M

Public

2

12/23/2022

IPO

$99M

Public

3

12/30/2021

IPO

$99M

Public

26

10/28/2021

IPO

Subscribe to see more

$99M

Subscribe to see more

10

8/18/2021

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

Date

8/8/2023

12/23/2022

12/30/2021

10/28/2021

8/18/2021

Exit

IPO

IPO

IPO

IPO

Acquired

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

Public

Public

Subscribe to see more

Subscribe to see more

Sources

2

3

26

10

10

China Merchants Securities Fund History

1 Fund History

China Merchants Securities has 1 fund, including China Merchants Securities Bailout Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

China Merchants Securities Bailout Fund

1

Closing Date

Fund

China Merchants Securities Bailout Fund

Fund Type

Status

Amount

Sources

1

Loading...

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.