Caixin
Nov 08, 2019 07:48 PM
FINANCE

Caixin Summit: Huatai Securities Voted Best Chinese Equity Research Team

This year, the number of voters grew by 40% and the number of contenders more than doubled from last year, hitting a record high. Photo: Cai Yingli/Caixin
This year, the number of voters grew by 40% and the number of contenders more than doubled from last year, hitting a record high. Photo: Cai Yingli/Caixin

Huatai Securities Co. Ltd. was voted the best Chinese equity research team by Chinese mainland investors in the 2019 All-China Research Team survey, edging past last year’s winner China International Capital Corp. Ltd. (CICC).

GF Securities Co. Ltd., CICC, and Guotai Junan Securities Co. Ltd. made the list of the 10 best teams researching Chinese equities, according to the survey. UBS Group AG’s team was the only one from an international bank to make the ranking, implying a preference for Chinese researchers this year.

International investors voted UBS and CitiBank Inc. as the best research teams. In their eyes, Huatai Securities, based in East China’s Jiangsu province, CICC, ICBC International Research Ltd. and CLSA Ltd. were among the 10 best teams from China-invested companies.

The All-China Research Team survey is conducted by Caixin Media and Institutional Investor, an international business publisher. It ranks the country’s best equity research teams. This year, more than 2,000 analysts or salespeople from 79 sales-side institutions joined in the competition. And more than 4,800 investment professionals at nearly 1,000 buy-side institutions participated in the voting. This year, the number of voters grew by 40% and the number of contenders more than doubled from last year, hitting a record high.

Institutional Investor said that voters rated the top firms across 25 industry and economic sectors to form the team rankings. “Additionally, they separately ranked individual analysts in each sector to form an analyst-based leaderboard, which CICC topped for the eighth year in a row,” it said in a statement.

Voters were separated by location to produce additional rankings from each to “highlight the difference in perspectives between domestic and international investors,” the statement said.

TF International Securities Group Ltd., Changjiang Securities Co. Ltd., Haitong Securities and CLSA made the top 10 best research providers as voted for by mainland investors for the first time this year. “We attach more importance to this ranking now,” Changjiang Securities researcher Li Minjie told Caixin on Thursday at the awards ceremony.

CICC remained the best equity sales team in China in the eyes of both domestic and international investors, maintaining a streak that started when the survey debuted in 2012.

Contact reporter Guo Yingzhe (yingzheguo@caixin.com)

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code