New Stock News | Nanhua Futures (603093.SH) plans to conduct a Hong Kong IPO. The China Securities Regulatory Commission requires additional information on the company's overseas business operations and compliance situation.

On June 6, the China Securities Regulatory Commission announced the requirements for supplementary materials for overseas issuance and listing filing (May 30, 2025 - June 5, 2025) to be made public. The China Securities Regulatory Commission requires Nanhua Futures (603093.SH) to provide additional information on the company's overseas business operations and compliance, the use of funds raised in this issuance to supplement the capital needs of overseas subsidiaries to fulfill regulatory procedures and compliance, etc. According to the disclosure by the Hong Kong Stock Exchange on April 17th, Nanhua Futures submitted an application to the main board of the Hong Kong Stock Exchange, and CITIC SEC is its exclusive sponsor. The China Securities Regulatory Commission requests the company to provide additional explanations on the following matters, and asks lawyers to verify and provide clear legal opinions: 1. Please provide additional information on whether the business scope of the company and its subsidiaries involves areas covered by the "Special Management Measures for Foreign Investment Access (Negative List) (2024 Edition)", and whether it continues to comply with foreign investment access policy requirements before and after the issuance and listing. 2. Please provide additional information on the company's overseas business operations and compliance, the use of funds raised in this issuance to supplement the capital needs of overseas subsidiaries to fulfill regulatory procedures and compliance. 3. Please provide additional information on the websites, apps, mini-programs, etc. developed and operated by the company and its subsidiaries, the scale of user information collected and stored, data collection and usage, whether it involves providing personal user information to third parties, arrangements or measures for personal information protection and data security before and after listing. According to the prospectus, Nanhua Futures is a financial services provider headquartered in China specializing in futures and derivatives. The company provides comprehensive and customized derivative products and risk management services to industrial clients, financial institutions, and individual investors, and is committed to providing more diversified wealth management services to Chinese and overseas investors. According to the Frost & Sullivan report, in China, based on total revenue in 2023, the company ranks 8th among all futures companies and 1st among all non-financial institution-related futures companies; based on futures brokerage commission income in 2023, the company ranks 12th among all futures companies; based on overseas income in 2023, the company ranks 1st among all futures companies in China.