Core Viewpoint - Nanhua Futures Co., Ltd. has seen its Hong Kong IPO application expire after six months, with CITIC Securities serving as the sole sponsor during the application process [1] Company Overview - Nanhua Futures is a financial services provider based in China, focusing on futures and derivatives [2] - The company offers comprehensive and customized derivative and risk management services to industrial clients, financial institutions, and individual investors [2] - Nanhua Futures aims to provide more diversified wealth management services for both domestic and overseas investors [2] - The company was listed on the Shanghai Stock Exchange in August 2019, becoming the first futures company to be listed in A-shares, with a total market capitalization exceeding 12.5 billion RMB since its listing [2]

Group 1 - The China Securities Regulatory Commission has issued a notice regarding Nanhua Futures Co., Ltd.'s plan to issue up to 123,807,500 overseas listed ordinary shares and list them on the Hong Kong Stock Exchange [1] - Nanhua Futures is a financial service provider focused on futures and derivatives, headquartered in China, offering comprehensive and customized derivative and risk management services to industrial clients, financial institutions, and individual investors [3] - According to a Frost & Sullivan report, Nanhua Futures ranks 8th among all futures companies in China by total revenue in 2023, and ranks 1st among all non-financial institution-related futures companies; it ranks 12th by futures brokerage commission income and 1st by overseas income among all futures companies in China [3]