HONG KONG, Feb. 15, 2017 /PRNewswire/ -- The Opening Ceremony of Fortune Fountain Capital Limited ("FFCL") & the Relocation Ceremony of Sun Growth Securities Limited ("SGS") was held in Exchange Square, Central, Hong Kong. This marked the official inauguration of the financial platform jointly formed by Fortune Fountain (Beijing) Holding Group Co., Ltd. ("Fortune Fountain Capital"), and Sun Growth Securities Limited, a local Hong Kong broker with twenty years' history. Senior executives, guests, and selected clients of Fortune Fountain Capital, FFCL and SGS witnessed the success of the grand ceremony.
Established in 2011 as a family wealth management house by the offspring of Mr. Wang Xizhi, the most famous calligrapher in Chinese history, Fortune Fountain Capital has become a financial holding company focusing on financial, industrial and securities investment. Among the three major segments, its financial investment business has offices in 36 cities across China and has an accumulative AUM of c. RMB 50bn and accumulative investment c. RMB 30bn. In 2015 and 2016, the Group invested in the privatization deals of Focus Media Holdings and Qihoo 360 and acquired Honey New Zealand, the second largest Manuka honey producer in the world.
While leveraging on the talent pool of the Group, FFCL also attracted elite bankers from Goldman Sachs, Merrill Lynch and the City of London. This outstanding team, relying on its resources and capital in Hong Kong, is devoted to rolling out the global financial strategy of the Group and providing a comprehensive mix of financial services for its global clients, including securities, investment banking, wealth management, family office, private banking, trust fund and global asset allocation (incl. financial asset and real estate), etc.
Since its establishment in 1993, along with the development of Hong Kong stock market, SGS has achieved the transformation from a pure-play stock broker to a diversified investment service provider, and also one of the first full-service securities companies in Hong Kong.
As the ceremony started at 16:00, Mr. Kevin Sims, the CEO of FFCL, delivered his opening remarks. He first introduced the business structure of FFCL, saying that "guided by the unique model of the Group, FFCL will strive to diversify our cross-border financial services and create win-win outcomes for both the company and our clients." Kevin also mentioned that FFCL plans to obtain all SFC licenses within three years.
Ms. Coco Chu, CEO of Fortune Fountain Capital, also gave a short speech. "The launch of FFCL is an important milestone for Fortune Fountain Capital." Ms. Chu said, "It is the first yet concrete step in building our global financial platform." Ms. Chu also shared with the audience her expectations for the future growth of FFCL.
It is worth noting that Ms. Sandra Ng, a celebrity in Hong Kong, was also present in the ceremony. She offered her sincere blessings to FFCL and was invited to cut the ribbons with Ms. Coco Chu, Ms. Anna Wang (Vice President and CFO of Fortune Fountain Capital), Mr. Jack Sun (Assistant President and Chairman of Treasure Fountain Investment) and Mr. Kevin Sims, CEO of FFCL. In the first lunar month of the year 2017, the auspicious red ribbon predicts a prosperous new year.
After the ribbon cutting, the distinguished guests cut open the roasted pig as a tradition in such celebrating occasions in Hong Kong, and then poured champagne into an ice sculpture and revealed the FFCL logo carved inside. At this moment, all attendees raised their glasses and toasted for the opening of FFCL.
At last, Ms. Coco Chu and Mr. Kevin Sims dotted the eyes of two lions to start the traditional Chinese lion dance. Those dancing lions, joyful and energetic, brought a successful end to the ceremony and a powerful beginning of the company.
About Fortune Fountain Capital Limited
FFCL was established in August 2016 as an overseas subsidiary of Fortune Fountain Capital. While leveraging on the talent pool of the Group, FFCL also attracted elite bankers from Goldman Sachs, Merrill Lynch and the City of London. This outstanding team, relying on its resources and capital in Hong Kong, is devoted to rolling out the global financial strategy of the Group and providing a comprehensive mix of financial services for its global clients, including securities, investment banking, wealth management, family office, private banking, trust fund and global asset allocation (incl. financial asset and real estate), etc.
About Fortune Fountain (Beijing) Holdings Co., Ltd.
Established in 2011, Fortune Fountain (Beijing) Holdings Co., Ltd. (Fortune Fountain Capital) is a financial holding group specialized in industrial, financial and securities investment. It has formed a "3+1" core competence system, featuring three major businesses, i.e. finance, investment and asset and wealth management, plus a financial technology R&D center. Fortune Fountain Capital has 36 subsidiaries in 25 cities across China. Its asset size and accumulated investment have exceeded RMB 10bn and RMB 30bn, respectively. Beijing Gainfull Wealth Group Co., Ltd., a major subsidiary of the Group, has put in place all of five regional headquarters in eastern, northern, western, southern and northeast China. New Era Futures Co., Ltd., another subsidiary, topped the list of brokers in Jiangsu province. Its southwestern branch in Chengdu, Sichuan province ranked the sixth among all brokers in the province in 48 days after its establishment. In 2015, the Group invested in Focus Media Holdings (SHE: 002027), the first NASDAQ-listed Chinese company that was successfully privatized and relisted in China's A-share market. In 2016, it invested in the privatization of Qihoo 360 as a registered shareholder, and also invested in such well-rated companies as Pharmaron and China Talent Group. In the same year, the Group cooperated with Sunshine Insurance Group and acquired Honey New Zealand, the second largest Manuka honey producer in the world and brought its products to the Chinese market.