New stock news | Nanhua Futures (603093.SH) has submitted a secondary listing application to the Hong Kong Stock Exchange. The company's main focus is to provide futures and derivative services to both domestic and international markets.

According to the disclosure on October 31 by the Hong Kong Stock Exchange, Nanhua Futures Co., Ltd. (603093.SH) has submitted its listing application to the main board of the Hong Kong Stock Exchange, with CITIC SEC as the exclusive sponsor. This is the company's second time submitting documents 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 in terms of ROE in all futures companies in China in 2024 and first in terms of overseas income in 2024. The company's main focus is to provide futures and derivative services in the domestic and international markets. After 30 years of development, the Chinese futures market is facing significant opportunities driven by policies and market demand. According to a Frost & Sullivan report, the Chinese futures market is the world's largest commodity market, covering over 140 products in 41 industries such as agriculture, energy, and metals. The correlation between futures and spot prices exceeds 90%, making it an important pricing benchmark. China operates six futures exchanges offering various futures and options. By the end of 2024, there were 146 listed products: 125 commodities (73 futures, 52 options), 20 financial products (8 futures, 12 options), and 1 index futures. The overseas derivatives market. More and more Chinese companies are actively implementing the "going out" strategy. According to a Frost & Sullivan report, in the first half of 2024, A-share listed companies achieved overseas business income of approximately RMB 3.8 trillion, a year-on-year increase of 12.8%. The demand for Chinese companies to participate in the global financial markets, including futures and derivatives markets, is growing. Futures companies based in China with strong international business will benefit from this trend. Nanhua Futures' annual profit increased significantly from RMB 245.9 million in 2022 to RMB 458.0 million in 2024, with a compound annual growth rate of 36.5%. The interim profit remained stable, with RMB 230.5 million for the six months ending on June 30, 2024, and RMB 231.3 million for the six months ending on June 30, 2025.