seedups is an equity crowdfunding platform for seed investment to launch and focuses on startup companies .

it was founded by michael faulkner and gavin gallagher in 2010 and is aimed at tech startups in the usa , ireland and the uk .

since launch over 2200 tech businesses have registered .

it is only available to accredited or sophisticated investors .

the platform is headquartered in republic of ireland with offices in the uk , us and canada .

each funding project on seedups lasts for the same duration , namely 180 days .

a 2011 report by the european expert network on culture ( eenc ) suggested that seedups seemed to be " the most successful european crowdfunding platform for investments " , while a 2012 piece in the irish independent reported that seedups had been " featured in the forbes top 10 crowdfunding platform list " .

equity crowdfunding in the us has been awaiting sec rules under the jobs act .

seedups

if you are a growing company preparing to capital raise , visit seedups canada .
it’s been a busy start to the fall here at seedups and we thought we’d share a few updates and news .
seedups does not provide administrative work options to startups on the front end . the tasks involved with dealing with investors during the 180 day process is up to the startup staff . seedups does , however , provide administrative assistance on the back end . once the agreement is made between the startup and investor ( s ) , seedups ' s reporting software makes sure that investors are kept informed periodically about their investments . when the process closes , the startup is made an offer and seedups ' legal team organizes the paperwork .
seedups does allow investors to connect with users from linkedin and other social networks to discuss investment opportunities they see through the seedups platform . this is great news for startups on seedups as it gives tech businesses the ability to reach a larger group of potential investors . in addition to reaching a large group of investors , businesses are able to utilize seedups to directly communicate with potential investors . businesses can run scheduled webinars allowing potential investors to gain further insight into the business and determine if it is an investment they would like to make .
keep updated for the latest updates and news on seedups and the crowdfunding industry . enter your e - mail and subscribe to our newsletter .
recently featured in the forbes top 10 crowdfunding platform list , seedups started about 18 months ago , inspired by kickstarter , a us company that funds creative projects .
as an all or nothing funding type , seedups does not charge non - completion fees . they do pay what seedups calls a 5 %
success fee
upon successful completion of a campaign and sealing the deal with investors . investors also pay what seedups calls a
matching fee
upon successful completion of a deal between them and a startup . although 5 % may be on the upper end of flat fees taken , some crowdfunding places do charge more fees than this - including a non - completion fee .
seedups functions solely as an equity funding model . many other crowdfunding platforms allow a personal as well as rewards model to appeal to family , friends , and customers for investment in their company - as well as create meaningful connections with investors . the lack of these two funding models may limit the scope of investors businesses can appeal to using the seedups platform .
michael faulkner runs seedups , a us , ireland and britain based peer - to - peer lender specialising in funding technology start - ups through a base of tech - savvy investors .
seedups is an excellent crowdfunding platform for tech savvy startups in need of funding between $ 25 , 000 and $ 500 , 000 . for brand new startups , the six month process may be riskier than some equity crowdfunding platforms , but for businesses looking for high net worth investors , seedups provides valuable tools necessary to adequately explain their business and connect with these investors .
seedups has €40m available in investor funds and over 1 , 350 entrepreneurs registered on site . of these , 280 are irish , 400 are british and 600 are us - based . entrepreneurs can raise €25 , 000 - €500 , 000 .
the content of this article has been adapted from equity crowdfunding : the complete guide for startups and growing companies , launching on amazon on november 1 . seedups subscribers can download the entire book for free , this week only . click here to download .
on seedups , you can invest in a diverse variety of industry sectors and select a company that resonates with you . it’s easy to browse profiled companies and make an investment online . the platform guides you through the investment process , seamlessly and efficiently .
investing in private businesses is risky , but the returns are potentially high if you diversify and invest in companies you understand and interest you . when you invest in companies on seedups your risks include illiquidity , lack of dividends , loss of investment and dilution . you should only invest in these businesses as part of a diversified portfolio . investment opportunities on seedups are suitable only to investors who are qualified and suitable to purchase the securities and who are familiar with and willing to accept the high risk associated with private investments .
important disclosure : crowd capital inc . , and any of its subsidiaries , management , shareholders , consultants , associates , or affiliates ( collectively seedups canada ) are not a registered dealer or advisor under national instrument 31 - 103 “registration requirements and exemptions” . seedups canada is not in the business of advising in securities . nothing on this website should be construed as an offer to sell , a solicitation of an offer to buy , or a recommendation for any security by seedups canada or any third party . any information contained herein does not advise , recommend , or otherwise represent to anyone that any investment is suitable for any person . private company investing is considered to be highly speculative and , as such , is suitable only for investors who are prepared to risk the loss of their entire investment .
where the typical peer - to - peer or crowdfunding model aims at any interested subscriber , seedups restricts itself to high net worth investors that need to register specially , because of the level of legal and regulatory issues involved . faulker did a lot of legal homework before setting up .
in her blog post “why isn’t canada embracing [ crowdfunding ] , seedups ceo sandi gilbert opined that culture is not the key barrier , “the space is very new in canada – with seedups being the lone voice for early stage investment until recently . the canadian public in general isn’t even aware that they can invest in deals online . so getting the word out is important . ” frontfundr ceo , peter - paul van hoeken echoed this in a recent globe & mail piece , “it’s a process to create a crowdfunding market… we don’t think the cultural difference is a primary factor . ”
several platforms are targeting early stage / sme ventures and both accredited investors and retail investors . the two with the most traction are seedups ( based out of calgary , alberta ) which launched in early 2014 , while frontfundr ( based out of vancouver , british columbia ) launched in spring 2015 .
if you enjoyed this article , you can read a comprehensive overview of equity crowdfunding by downloading nathan rose’s new book , free on amazon for this week only , featuring even more insights from seedups and many other interested participants in the crowd economy from around the world . click here to get your copy .
in 2011 , michael established seedups as an innovative online matching service that allows entrepreneurs to raise 25 , 000 up to 500 , 000 seed to start - up capital . the key differentiator of the service and methodology is to allow micro seed investments in a collaborative way using the collective wisdom of crowd .
companies on seedups take advantage of new capital raising rules allowing them to reach out to all investors , not just the usual suspects . by reaching out to their peers , founders can attract investors and validate their product or services at the same time . so now , you too , can invest in your favourite private company .
generally , there are three types of individual investors that can invest on seedups . it’s simple and free for anyone to sign up . simply answer a few questions to complete your investor profile and you’ll be able to access eligible campaigns , ask entrepreneurs and management questions , request further information and invest . your ability to invest is driven by :
with home offices in california and new york , seedups is a crowdfunding platform that matches technology startups with high net worth investors . its target audience is entrepreneurs who have an idea for a tech startup and need seed stage capital , or have a startup already in operation but need investment to push it forward to the next level of growth .
for companies trying to access angel or vc capital , seedups provides the tools to prepare and present their opportunities to this important source of funding . we can also direct companies to our partners like banks , online lending platforms and government funding programs for those that can support this type of financing . with over 700 companies applying for funding on seedups , we know that many of them are not ready to face these investors . as a result , we have developed an investor readiness program ( “irp” ) that helps these companies prepare to face investors that ask the tough questions . the result , an increased chance of a successful capital raise – a win - win for the investors and the entrepreneurs alike .
developments in technology and regulation mean that now , seedups can offer a variety of investments for small investors – both equity and debt . we provide the missing link that connects companies to an untapped groundswell of support — as well as a huge pool of capital held in private hands . we’re leading the charge in canada and welcome you aboard ! register now at urltoken
we’d like to extend our thanks to all who were able to join us for the north american tech tour powered by seedups . it was a great opportunity to fuel calgary’s innovation system and gain insights from a trailblazing entrepreneurship enthusiast like paul singh . special thanks to paul , dana , our featured speakers , all attendees , sponsors and exhibitors . you made it happen .
seedups canada is an online investment crowdfunding platform where ordinary individuals and sophisticated investors come together to discover , evaluate and invest in growing companies . companies raise capital through a secure platform where they can pitch , attract and close investors . investors execute investments online , and stay informed of investee companies’ activities . it’s a disruptive model that is changing the way individuals can invest , and companies find investment .
when faced with a person handing out flyers , many people tend to smile vaguely and just continue walking . this week at sxsw , however , is the time to suppress that inclination . in fact , during interactive , a good rule of thumb is to take every flyer or card that comes your way because there’s so much creative marketing happening , you just don’t know what you’ll get . seedups is an excellent case in point . while exiting a panel , i nabbed a flyer with the title ,
got a tech start - up . . . need funding ?
after reading more about the company , which basically applies the crowdfunding model to startups , my interest was piqued . i was able to meet with seedups founder and ceo michael faulkner in the middle of the hectic interactive trade show & exhibition .
seedups gives startups six ( 6 ) months - or 180 days - to successfully connect with and secure investors . this time frame is significantly longer than the 60 days allowed by most other crowdfunding platform . allowing campaigns to run this length of time gives businesses the opportunity to adequately portray their business to potential investors and form relationships with interested parties . six months is a long enough time to satisfy the inquiries of potential investors .
for the past three years , we’ve been at the forefront of advocating for change in the way canada’s early stage companies access capital and engaged venture investors find investment . credited as the technology that supported the “ first ordinary investor ” to take an online stake in a private company , the team at seedups has been encouraged by the innovation movement taking hold in canada and the regulators’ efforts to expand capital formation for early stage companies .
seedups and frontfundr have now partnered to provide entrepreneurs with a full suite of tools to access the resources and capital they need to grow and scale their businesses . this partnership will help entrepreneurs prepare for and engage with a wide range of new investors ; from retail to angels to institutions and investment funds – online and offline . post investment technologies to help companies and their shareholders better manage their investments will bring transparency to private investing overall .
companies profiled on seedups have been reviewed and vetted by waverley corporate financial services ltd . before a deal goes live , the company is subject to a due diligence process to validate the company , its management , directors and its business model . the company is required to submit financial forecasts that are reviewed to ensure they are a fair and reasonable reflection of the business as it currently stands , and that their forecasts are backed by reasonable thinking and assumptions .
the seedups investor community invests for a number of reasons . typically , they want to support a business or industry they are interested in , or they want to invest in a management team that has a track record of success . they understand the risks and rewards of investing in private companies and want to put a small portion of their investment portfolio into companies they believe in . our registered users include first time investors , angels and early stage venture funds .
you are investing in private companies that , in most cases , do not have an obligation to publish financial statements or provide quarterly updates . these companies do understand the importance of regular communications and our technology makes it easy to get messages out to their shareholders . in any event , we send regular updates to our investor base and we’ll be sure to keep you up to date with the information we have on the activities of the companies that successfully raise capital on seedups .
we’ve also been engaging with other stakeholders in the funding arena , specifically the angels and early stage venture capital firms ( “vcs” ) that supply much needed growth capital to our passionate entrepreneurs . we’ve continued to advocate that seedups is not a competitor , rather a technology - enabled resource to help them fund their chosen companies faster and more efficiently . although quick to recognize and invest in disruptive technologies in their portfolios , they have been slow to embrace technology for their own financing processes .
seedups ' main focus is matching technology startups seeking to raise a maximum of $ 500 , 000 with high net worth investors . business startups are able to utilize their platform to raise between $ 25 , 000 and $ 500 , 000 . investors on this platform compete to get into deals with business startups by placing bids between $ 1 , 000 and $ 25 , 000 , placing a valuation of the startup and eventually leading to an offer of funding from the lead investor .
one , sandi gilbert , developed a suite of technologies that simplified the complexities of capital creation and management with a focus on the angel investing community . the seedups platform , and its deal flow app angelbot , has showcased over 50 companies to its angel network ; and dealpoint , a saas solution for the private capital markets , has transacted over $ 4 million in exempt investment since its launch late last year . next up – a blockchain solution where entrepreneurs and investors can manage their shareholdings post raise .
this communication is for information purposes only and should not be regarded as an offer to sell or as a solicitation of an offer to buy any financial product . securities offered through waverley corporate financial services ltd . , an exempt market dealer . investment opportunities on seedups canada are suitable only to investors who are qualified to purchase the securities and who are familiar with and willing to accept the high risk associated with private investments . you will have to complete and sign additional documents to determine your suitability to make an investment .
after a jam packed day , my partner don , took a few of us for dinner and deepak and i exchanged text messages to coordinate a “meet” at the victoria where a very grateful me , met a very gracious deepak , with my make - up and my money ! as it turns out , deepak was very interested in the seedups platform as he is working on his own start - up and wanted to learn more about how to raise capital to take his product to market . another budding entrepreneur enjoying the flexibility afforded to uber drivers .
the seedups technology platform allows this to happen . early stage private capital has traditionally been funded by a small group of high net worth individuals ready to take a risk . by using our technology , companies can access a broader group of individuals that may want to invest smaller amounts alongside these investors . angels that want to fund a company , yet don’t have enough cheque writers at the right time , can present their companies to an engaged investor community to fill the round . vcs can find additional capital for their portfolio companies – all in an efficient , transparent manner .
in 2014 , after extensive research and development , we deployed our first solution , a crowdfunding platform called seedups canada . it was licensed by an exempt market dealer and was the first canadian platform to execute private placements on - line , embracing the new world of equity crowdfunding . by august of 2016 , we recognized that crowdfunding in canada was off to a slow and complex start , so we left the crowd behind and turned back to our entrepreneurial roots , and focused on helping early stage companies access the resources they need to plan and execute a strategy for long term business success , be that capital , mentorship or connections .
an all or nothing fund type is utilized by seedups . businesses must reach their funding goal in order to receive funding . typically this is not a negative with other funding models , but with seedup ' s equity funding model , this may be frustrating to new businesses just starting out who are able to partially reach their monetary goal but are unable to receive funds . since many startups take whatever monies they raise - be it a large amount or a few pennies - to invest in what they can to get them to the next step of growth , despite how small , seedup ' s six - month time period can leave a brand new startup dead in the water . also , during this six months , chances are a startup is not raising money or pitching to other investors so if they fall short of the goal , they haven ' t grown , either .
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ever fancied being a movie mogul ? or a property developer ? or how about an angel investor to rival those on dragon’s den ? well , now you can through the magic of crowdfunding . by pooling together your funds with those of many , many others , you can access a range of investments that otherwise would have been out of your reach , or else you can put your money towards a creative project you believe in .
ever wish you were like seán parker of napster fame , who turned his investment in facebook into billions ? well , you mightn’t reach quite as high as him , but access to early - stage companies is now possible through ventures such as urltoken . so , if you want to rival one of the great silicon valley venture capitalists , you could consider crowd - sourced funding which offers money for start - ups by connecting companies and investors .
it’s a trend that’s catching on . in the us , a crowdfunding bill , which would allow investors to own equity in companies they back as part of a group , is expected to be signed by president barack obama shortly . up until now , crowdfunding has been possible largely through philanthropic sites such as kickstarter , which companies such as double fine adventure have used to raise more than €3 million from more than 80 , 000 backers to create a videogame . soon , however , investors can put their money in with an eye to making a profit .
in ireland , the business expansion scheme , now known as the enterprise investment scheme , could be seen to be an early form of crowdfunding , as it allowed investors to pool together in a structured investment to fund a company and earn tax relief and a potential return on their investment . but the concept may soon become much broader . irish company urltoken is blazing a trail in the sector , and since launching in february 2011 , it has attracted more than 1 , 200 tech - entrepreneurs seeking to raise money through crowdfunding , and 600 investors . according to founder michael faulkner , half of all companies looking to raise funds through the site are from the us , with a fifth from ireland . to date , €40 million has been pledged through the site , despite the fact that it is currently only open to “sophisticated” or high net - worth individuals , in line with irish regulations .
however , as faulkner indicates , if the us goes ahead with its crowdfunding act , which will allow investors take equity stakes in companies , a “domino” effect could see similar legislation introduced in ireland . this would mean that investors could bid to invest on projects ranging from €250 to €10 , 000 .
in the uk , crowdfunding has even spread to property development – and irish investors beware , the concept is open to investors from ireland also . the house crowd , which has been put together by property developer frazer fearnhead , is now offering investors the chance to buy into property for just £1 , 000 .
according to the house crowd , which launched last month , “it’s about investing together and sharing together . no banks . no expensive mortgage arrangement fees . no credit checks . and no property finder’s fees . ”
it works by investors clubbing together to purchase a distressed property , which is then refurbished and rented out . returns will “typically” be of the order of 6 per cent , plus investors also share in the profits when the property is sold . according to the house crowd , it will aim to sell most properties within three years , and it estimates the total return to investors at about 15 per cent .
if you’re an avid arts and culture fan – or are looking for a special present for such a person – crowdfunding can put you right at the heart of a production of a movie , book , play or album . last march , business to arts , which promotes creative partnerships between business and the arts , set up urltoken , to help fund creative projects . according to stuart mcloughlin , chief executive of business to arts , the website has done “extraordinarily well” in its first year , with 11 , 500 pledges raising €632 , 000 in total , which helped 143 creative projects come to fruition .
irish director mark o’connor used urltoken to raise money for his third feature film , stalker , about a homeless man who strikes up a relationship with a disaffected teenager . he raised more than €15 , 000 for the movie , which is planned to launch at the galway film fleadh in july . similarly , musician julie feeney used the platform to raise more than €23 , 000 to fund production for her next album .
according to mcloughlin , once a project meets its minimum target , which is typically about €3 , 500 to €4 , 000 , donors’ credit cards are debited for the pledges promised . if , however , it doesn’t meet this target , cards aren’t debited and no one is charged any money , so there is no issue of people contributing money to a project that never gets off the ground .
well , on mark o’connor’s movies , for example , investments ranged from €10 to €2 , 000 , with an investment of €250 entitling you to become a co - producer of the film , with your name appearing on the movie credits , an invitation to the wrap party and a private screening . for €1 , 000 you could have been an executive producer , and for this , you would even have got to act in the movie .
and there are plenty of other opportunities that allow you to play a key role in ensuring projects that may interest you come to fruition . drunk tank productions , for example , is hoping to bring its production of a midsummer night’s dream to the 2012 edinburgh fringe festival , and is raising money to fund this . if you contribute €500 to this project , it entitles you to a “fairy fun pack” , which includes a performance of the play in your home or a nearby park , provided that you live within the dublin area and it takes place before june 14th .
similarly , cheerywild productions recently used urltoken to raise money for its production of the play love all . a €300 contribution would have enabled you to have the play performed exclusively in your home anywhere in ireland .
for mcloughlin , the attraction of urltoken is that it helps you to be a part of the creative process . so , if for example you would have previously paid €15 to buy feeney’s new album , by contributing your money at an early stage in the process , you can ensure that the music you are interested in gets made .
however much the banks claim otherwise , sme lending is almost paralysed . a small business owner has more chance of juicing cash from a turnip than tapping traditional lenders at present .
there is spare money out there , buckets of it , almost €13bn salted away in savings by last cso figures . even a fraction of that would fill the gaping credit void left by banks . but can people be persuaded to use their savings stash to back small business ?
peer - to - peer lending is about doing just that . it ' s a concept that has really grown legs elsewhere and appetite for it here among sme interest groups is keen .
across the water in britain online peer - to - peer lenders like crowd cube and funding circle give small firms a way to get funded through people who are fed up with low returns and high fees from banks and opt to put money into small stakes in companies instead .
to date peer - to - peer has been the domain of ordinary punters - - pensioners , students , tech fans who want to find the next google , art aficionados who want to make a difference , hipsters who like the
collective wisdom of the crowd
concept , but more recently bigger investors are paying attention and the whole idea is scaling up to another level .
funding circle , which lends over €1m a week to smes , lifted its maximum loan limit from €120 , 000 to €300 , 000 at the start of this year , as bigger investor types began to pile in .
meanwhile us peer - to - peer player lending club has hired former morgan stanley ceo john mack as part of its drive to court the wealth management industry and get big financial advisers and broking houses to sell its offering to clients .
the bank of england thinks this ' social lending ' is the future .
small peer - to - peer lenders like zopa and funding circle could in time replace high street banks ,
its head of policy predicted .
british chancellor of the exchequer george osborne has earmarked up to €120m in government funds to invest in peer - to - peer companies that lend to smes .
it has also caught the attention of the minister for finance , michael noonan .
it is one of a number of issues which is under active consideration by the government to improve the financing environment for smes ,
his department told us . an online scheme matching private lenders looking for better options than bank deposits , and smes seeking funds together is actively being considered .
here ' s broadly how it works : a software start - up or a jewellery design business owner or an artisan food exporter wants seed capital or expansion funding etc . quelle surprise , the bank is uneffusive . he or she decides to give peer - to - peer a try .
the company goes through a credit vetting process before being allowed on to the peer - to - peer website . it is usually rated according to risk or creditworthiness . funding circle companies are rated from a + ( very low risk ) to c ( average ) for example .
then lender investors can bid on the amount and rate they want to lend for . the average loan is €50 , 000 , but can be up to €300 , 000 . the company gets the money within about two weeks .
peer - to - peer firms say they are expanding at a rate of knots . ratesetter tells us it sees this becoming a €12bn a year market in britain , doubling this year alone . funding circle has lent almost €35m to date in its 18 - month lifespan .
it isn ' t happening here much - - yet . the central bank is wary of anything unconventional following the banking supervision fiascos of the past .
i get approached all the time to invest so i thought the gap was there ,
faulkner said .
we researched and identified tech companies as the niche to go for .
initially the platform was designed with mainly ireland in mind , but the recent passing of what has been dubbed the
crowdfunding bill
by the us senate , aimed at making the funding of businesses via peer - to - peer easier , gives international scope .
since the bill passed everything ' s just gone crazy here ,
said faulkner , who is in the us meeting vc firms in new york and silicon valley .
patricia callan of small business lobby group the sfa says a number of parties are trying to get concepts like this off the ground here .
there have been a lot of suggestions from our members for credit solutions like this that don ' t involve the banks at all ,
she said .
a lot of business people would prefer to invest in other businesses than , say , property for example . it makes perfect sense for an owner manager and entrepreneur who knows the risks and they should be allowed to do it . there is certainly interest in it from people for pension options .
the traditional forms of finance aren ' t working fluently across the world . we must tap more into people who have money and change the regulations to allow them to invest it .
peer - to - peer lending websites allow individuals to invest in companies in a quick and informal way . in britain these sites lend €120m - €250m a year and rising . the two biggest players in the us lend over €400m between them . there is potential for €10m - plus of this type of investment in the irish market .
the peer - to - peer lender charges a fee per transaction , but one typically lower than banks charge .
investors can yield much higher return than banks or other options . for small business , it ' s a faster , more unfettered access to the funding they need and often can ' t get from their friendly banker .
average yield with funding circle is 8 . 5 per cent a year - - more than double a savings deposit account rate - - though this doesn ' t include defaults . default rates are between 0 . 5 - 2 . 5 per cent and are deducted from returns . losses incurred can be offset against capital gains tax .
for businesses , the lending rate is competitive with banks ( on average about 6 per cent ) and far quicker and lighter on red tape .
the lender gets hit for any losses . one of the biggest ( non - sme specific ) british players , zopa predicts that between 0 . 5 - 6 per cent of its borrowers will default . investors are encouraged to spread their money over several companies to minimise loss risk .
last year a peer - to - peer lender called quakle collapsed when its systems failed .
there are legal and regulatory barriers to entry in ireland , but momentum is growing to lobby for a change to this .
charlie weston legal costs are one of the reasons insurance costs are so high , a group fighting for lower premiums has maintained .
charlie weston could we be on the cusp of a huge change in the pattern of home ownership in this country ? there are indications that some younger people have given up on aspirations to own their own home .
louise mcbride homeowners could see their mortgage bills soar by a few hundred euro a month in a few years ' time - if , as expected , european interest rates start to rise in late 2019 or early 2020 . the extent . . .
we risk ending up with a generation that resents being unable to buy . . .
legal costs are one of the reasons insurance costs are so high , a group fighting for . . .
we risk ending up with a generation that resents being unable to buy their own . . .
could we be on the cusp of a huge change in the . . .
homeowners could see their mortgage bills soar by a few hundred euro . . .
eamon murray is the bodhran player with beoga , the irish band which co - . . .
groups campaigning for insurance reform have welcomed plans for a new garda . . .
usually sale season comes limping along a damp few weeks after what we laughingly call . . .
watch : this is the song that will be blaring from all harvesters during silage . . .
traders complain of issues processing visa card payments as the company ' s . . .
stand on the terrace of summerhill in killiney on a clear summer ' s day and you . . .
' buoyant ' was the word that mart managers of both in tullow and carnew . . .
stunning pictures taken last week newgrange farm , slane co meath show silage being . . .
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calgary / vancouver – february 15 , 2018 : four years ago , two visionaries began the process of reducing barriers for canada’s early stage companies accessing growth capital . they each developed unique models to tackle this challenge , working closely with securities regulators and gaining buy - in from the early stage ecosystem . they have now come together to leverage their experience and momentum and help more companies and investors throughout canada .
the other , peter - paul van hoeken , created frontfundr , a national exempt market dealer with a proprietary online platform that democratizes canada’s private capital markets by allowing all canadians to invest in early stage and growing private companies . frontfundr has emerged as canada’s clear leader , having assisted more than 20 companies to raise a combined total of over $ 8m from a wide range of canadian investors – not just the 1 % . this initiative has unlocked capital across canada and broadened investor access to a multitude of opportunities .
“peter - paul and i have long had similar visions to help entrepreneurs access capital in what we call the ‘funding gap’” , states gilbert . “by matching our resources with an entrepreneur’s needs , we can increase the probability of a successful outcome for the entrepreneur and its investors” .
“this partnership supports our joint mission to truly democratize investing in private companies in canada . we are bringing together professional venture capital and everyday canadians to invest in companies that they believe in” says van hoeken .
entrepreneurs are an essential contributor to the canadian economy , with small business representing over 98 % of businesses in canada . new models of support and access to capital are critical for canada’s growth .
2017 brought new opportunities to canada’s early stage companies and the investors looking to support the space . entrepreneurs have more and more opportunities to find mentors , collaborate with other stakeholders , share co - working spaces , educate themselves and find capital to grow and scale their businesses . here’s some highlights of this year .
alberta adopts an investor tax credit – after years of watching our neighbors to the west reap the benefits of an investor tax credit , the government of alberta announced our own 30 % investor tax credit to spur investment into innovative companies that have the potential to diversify our economy , increase exports and add much needed jobs to our economy . the program has rocketed to a fast start with only $ 5 million of tax credits left in the 2017 budget ending in march of 2018 . with another $ 60 million in credits available over the next two years , that equates to another $ 180 million of investment dollars for alberta companies . learn more .
the rainforest is in full bloom – 18 months in , the rainforest continues to gain momentum . the mission … to support alberta’s entrepreneurial eco - system by creating an environment that means albertans don’t have to move away to invent , prosper , and move their ideas forward . learn more about the rainforest and sign the social contract .
creative destruction labs , rockies ( “cdl” ) – launched its first cohort of 25 companies in the “prime” stream . the prime stream is industry agnostic , with startups tackling problems in healthcare , finance , energy , chemical , media , transportation , and agriculture sectors , amongst others . technologies in the prime stream include advanced engineering , electronics , blockchain , nanotech , neuroscience , and general it applications . cdl has assembled a list of impressive advisors and partners to mentor the teams through the program . learn more here .
google’s deepmind comes to canada and sets up shop in edmonton – deepmind , in collaboration with the university of alberta opens its first ever international ai research office in edmonton . known for its ai talent , the new office will continue to train the next generation of ai researchers and help keep the much needed ai talent right here in alberta . deepmind edmonton .
rocketspace is coming to calgary – in 2017 , rocketspace , one of silicon valley’s most successful co - working campuses focused on scaling tech start - ups , announced their first campus in canada and named the edison as their home in calgary . rocketspace recognized that calgary has everything that rocketspace startups are looking for in a headquarter city . it is a city of solutions - first thinkers , engineers , and entrepreneurs — and we’re here to support them every step of the way . their new state - of - the - art tech campus in calgary will provide velocity — both speed and direction — to canada’s top tech startups so they can scale up even faster . learn more .
alberta’s co - working trend continues to grow – calgary and edmonton continue to see new co - working spaces opening , serving all types of entrepreneurs and professionals looking for convenient and flexible office space to grow their businesses and network with peers . check out calgary’s co - working spaces , incubators and accelerators and the co - work edmonton for space that fits your culture and budget .
i was pleased to be part of the $ 100 million innovative solutions canada announcement in ottawa on december 14 . the new program has over $ 100 million dedicated to supporting the scale up and growth of canada’s innovators and entrepreneurs by having the federal government act as a first customer . twenty participating federal departments and agencies will set aside a portion of funding to support the creation of innovative solutions by canadian small businesses .
under the program , federal departments and agencies will fund up to $ 150 , 000 for a proof - of - concept study and $ 1 - million to fund development of a prototype .
we often say that “first customer” goes a long way to validate a company’s products or services , making it easier to enter markets , both nationally and globally . we encourage all entrepreneurs to regularly check the program’s site at innovation solutions canada to review contract opportunities and submit their proposed solutions .
bdc launches women in technology fund – bdc wants to foster the creation of the next generation of millionaire canadian women technology entrepreneurs . with $ 70 million to be invested over 5 years , it’s the largest venture capital fund in north america dedicated solely to investing in early stage canadian women led technology companies across sectors . the fund will support women - led tech firms in equity at the seed stage , series a stage and sometimes at the series b stage , alongside accelerator partners , investors and other corporate venture partners , as part of a syndicate or as a lead investor . learn more here .
no excuses entrepreneurs and investors – get out there and take advantage of the opportunities . 2018 looks to be a good year indeed !
in october , montreal was host to the naco world angel investment summit , where over 500 investors , partners and industry leaders from around the world gathered together to learn about emerging trends shaping angel investment . the event marked my official appointment as the chair of the board of directors of the national angel capital organization and i am honoured to work alongside a strong and capable board and growing staff at naco . we’ve broadened our mandate to welcome canada’s incubators and accelerators into our organization as we expand our support for angels and early stage companies seeking growth capital . victoria will host the western regional summit february 21 – 23 , so be sure to put it in your calendar now .
earlier this month , i made a quick trip to milano to attend an italian government sponsored start - up event with 21 investors from around the globe . upon returning from there , yuri navarro , naco’s ceo and i headed to ottawa to meet with key ministries to share our members’ concerns over the proposed tax reforms , particularly as they relate to the use of private corporations when investing in start - ups . our meetings were a follow - up to our written response submitted on october 2nd . we believe our voices are being heard and await further clarification from ottawa on how they intend to ensure these reforms do not adversely impact angel investment . download a copy here .
steve hardy , rallyengine’s president & vp marketing shared recent developments with us last week , stating that the company has signed a prominent diplomatic client , pitched one of the largest resort groups in the world and is now nearly confirmed as a 100 resilient cities official partner . rallyengine is in market now for a seed round . learn more .
donna tilden , rateseer’s founder & ceo has just returned from finovatefall 2017 in nyc where she and head of business development brian smith presented their denoti financial services platform to an engaged audience . watch presentation here .
crowd capital has been approved as a venture capital corporation by the alberta investor tax credit program . our micro - venture fund will invest in alberta’s innovative early - stage companies led by extraordinary talent with big ideas and big markets . learn more .
naco’s efforts to increase collaboration between early - stage community members will be in full swing at our 2018 western regional angel summit in victoria bc .
so , save the date – february 21 – 23 , and join us for a packed agenda to highlight victoria’s thriving tech scene . registration will open soon .
in 2012 , our team of ex - bankers , entrepreneurs and technology geeks had an idea . wouldn’t it be great if companies could raise capital and close private placements on - line ? after all , our team had investment banking experience , were long time entrepreneurs and had built businesses that embraced technologies that made products better and made the delivery of services more efficient . we knew how complicated and time consuming a paper based capital raise was . so , how hard could it be ?
we learned a few things in our ‘first mover’ stage . we knew we had a winner with our technology . the fact that you could actually execute a subscription agreement on - line was exciting for issuers , their lawyers and their agents . our original vision of bringing technology to the private capital markets was a reality . we just needed to refine the model to match the needs of the industry .
so , with a major client onboard , we re - engineered the on - line process to meet the needs of issuers and their agents and last month , deployed dealpoint , a saas solution that streamlines the execution and closing of private placements . the platform offers ‘white label’ solutions where issuers and their agents can present details about their exempt offerings in private , branded dealrooms accessed by ‘invitation only’ . investors are directed to dealrooms to execute subscription documents , initiate the opening of registered plan accounts and complete investor onboarding in accordance with their own internal policies and procedures .
imagine , dealing representatives armed with ipad’s rather than notepads . they can walk through the on - line investment process together with their client , or send them a link to do it on their own . investors are presented with the appropriate subscription agreement and other supporting documentation based on their exemption and their jurisdiction . when they complete an on - line conversation , the documents are generated and presented for signature . it’s the right document every time .
when the investor has executed their documents , the dealing representative and cco login to the compliance console where they conduct a review of the investor paperwork and document the suitability process . when the private placement is fully subscribed , the issuer , their agent and their legal counsel access data and documents to proceed to close . the platform has api integrations to facilitate the uploading of completed documents to external investor dashboards , making the entire process seamless and transparent .


the pacific securities co. , ltd. is a kunming-based investment bank and brokerage firm .

the company is listed on the shanghai stock exchange .

as on 28 november 2016 , the pacific securities is a constituent of csi 300 index ( and mid-cap sub-index csi 200 index ) and sse 180 index .

the company also owned 39 % stake in lao-china securities , a company based in vientiane , capital and largest city of laos .

pacific securities

601099 stock price - pacific securities co . ltd . stock quote ( china : shanghai ) - marketwatch
the pacific securities co . , ltd is a china - based company , principally engaged in securities business . the company operates its businesses through securities broking , including agency trading of stocks , funds , warrants and bon
brief - pacific securities ' 2017 net profit down 82 . 6 percent y / y at 116 . 3 million yuan
data as of jul 09 2018 . currency figures normalised to pacific securities co ltd ' s reporting currency : chinese yuan renminbi cny
the pacific securities co . , ltd is a china - based company , principally engaged in securities business . the company operates its businesses through securities broking , including agency trading of stocks , funds , warrants and bonds ; investment banking , including securities underwriting , co - lead underwriting and sub - underwriting of securities , such as new stock issuance , secondary public offering , rati
the pacific securities co . , ltd is a china - based company , principally engaged in securities business . the company operates its businesses through securities broking , including agency trading of stocks , funds , warrants and bonds ; investment banking , including securities underwriting , co - lead underwriting and sub - underwriting of . . . ( more )
engages in securities trading activities the pacific securities co . , ltd . invests in securities . its engages in the securities brokerage , bank investment , stock investment , share transfer , asset management , direct investment , fixed income , research consultation , and international business . the company was founded on january 6 , 2004 and is headquartered in kunming , china .
the pacific securities co . , ltd . invests in securities . its engages in the securities brokerage , bank investment , stock investment , share transfer , asset management , direct investment , fixed income , research consultation , and international business . the company was founded on january 6 , 2004 and is headquartered in kunming , china .
on monday , pacific securities co ltd ( 601099 : shh ) closed at 2 . 31 , 4 . 52 % above its 52 - week low of 2 . 21 , set on jul 06 , 2018 .
pacific securities co . , ltd . is a pubically traded company china securities regulatory commission . the company is registered with the department of economic development of hong kong ( cr . : mf0002409 ) and has its principal place of business at 50 / f , bank of china tower , 1 garden road , central , hong kong .
pacific securities co . , ltd . 31 / f , tongde plaza office building no . 926 beijing road kunming , yunnan 650224 phone : + 86 . 871 . 6889 . 8121 fax : + 86 . 871 . 6889 . 8100 web : urltoken
ds ; investment banking , including securities underwriting , co - lead underwriting and sub - underwriting of securities , such as new stock issuance , secondary public offering , rationed shares , convertible bonds , funds and bond issuance , among others , as well as securities investment business and asset management business . the company mainly conducts its businesses within domestic markets .
edgar® online , a division of donnelley financial solutions . edgar® is a federally registered trademark of the u . s . securities and exchange commission . edgar online is not affiliated with or approved by the u . s . securities and exchange commission .
on april 22 , 2015 , wind and pacific securities officially launched their jointly developed financial intermediary tool“three board platform” . the cooperation of wind and pacific securities demonstrates the two financial service provider’s dedication to innovative internet business model exploration . the purpose is to give full play to the financial big data and massive information services of wind , so as to solve the problem of poor communication between investors and companies and information asymmetry , to promote activity of share transfer market and support healthy development of the new three board companies . wind also reminds investors of investment risks .
mr . xiao was involved as a behind - the - scenes investor again in 2007 , when a small brokerage firm called pacific securities completed a so - called backdoor listing on the shanghai stock exchange , even though the company had not , as required by regulators , reported profits for three consecutive years .
year on year pacific securities co ltd ' s revenues fell - 26 . 98 % from 1 . 92bn to 1 . 40bn . this along with an increase in selling , general and administrative costs has contributed to a reduction in net income from 667 . 72m to 116 . 28m , a - 82 . 59 % decrease .
oned shares , convertible bonds , funds and bond issuance , among others , as well as securities investment business and asset management business . the company mainly conducts its businesses within domestic markets .
pacific securities is a private , leading global alternative asset manager with approximately $ 87 billion of assets under management (
aum
) and approximately 800 employees . we seek to deliver attractive performance to our investor base across our investment groups and strategies , including tradable credit ( long - only and alternative credit ) , direct lending , private equity and real estate ( debt and equity ) . the firm is headquartered in hong kong . pacific securities believes each of its investment groups is a market leader based on assets under management and investment performance . our four distinct but complementary investment groups have the ability to invest in all levels of a company’s capital structure—from senior debt to common equity . the firm was built upon the fundamental principle that each group benefits from being part of the broader platform . we believe the synergies from this multi - asset strategy provide our professionals with insights into industry trends , access to significant deal flow and the ability to assess relative value . since our inception in 1990 , we have adhered to a disciplined investment philosophy that focuses on delivering strong risk - adjusted investment returns through market cycles . we strive to maintain a consistent credit - based approach in targeting well - structured investments in high quality businesses and real estate assets .
while shell companies are widely used in china as investment vehicles , securities experts say they can also be employed to hide the ownership stakes of public officials , providing cover for favors distributed by businessmen . their frequent use by mr . xiao has fanned speculation that he gets privileged access to deals involving state assets and that he shares the benefits with the families of the ruling elite .
institutional and fund - level filings are not mutually exclusive so total % owned may exceed 100 % . all data supplied by morningstar real - time data . u . s . intraday real - time exchange quotes are sourced from bats when available . end - of - day quotes for nasdaq , nyse , and amex securities will appear 15 minutes after close . graph times are eastern standard . © copyright morningstar , inc .
although markit has made every effort to ensure this data is correct , nevertheless no guarantee is given to the accuracy or completeness . any opinions or estimates expressed herein are those of markit on the date of preparation and are subject to change without notice ; however no such opinions or estimates constitute legal , investment or other advice . you must therefore seek independent legal , investment or other appropriate advice from a suitably qualified and / or authorised and regulated advisor prior to making any legal , investment or other decision . this is intended for information purposes only and is not intended as an offer or recommendation to buy , sell or otherwise deal in securities .
beijing — a few days after the crackdown on the tiananmen square protests 25 years ago , the chinese government filled the airwaves with a list of the 21 most wanted student leaders accused of stirring up an antigovernment rebellion . at the top of the list was a 20 - year - old student at peking university named wang dan , who set up an unofficial student union to mobilize his classmates to demand democracy .
there was no public mention then — and there have been very few mentions since — of the head of the official student union of peking university at that time . his name is xiao jianhua . mr . xiao never opposed the government , and the events of june 1989 did not make him one of china’s “most wanted . ” instead , they catapulted him into the ranks of its most wealthy .
after a tepid attempt to represent fellow students to university administrators that volatile spring , mr . xiao shifted course , agreeing with administrators that street protests had become out of hand . people who knew him at the time said he even worked with them to try to defuse the protests before chinese troops descended on beijing and crushed them with force .
the rewards were immediate . just after he graduated , mr . xiao stepped into the world of business with direct financial support from peking university , one of china’s most prestigious institutes . in the quarter - century since , he became the prototype of the politically connected financier . he has assiduously courted the party elite , including the family of its current president , xi jinping , becoming something of a banker for the ruling class and a billionaire in his own right .
now 42 years old , mr . xiao controls a sprawling business empire with interests largely in state - dominated industries , including banking , insurance , coal , cement , property and even rare - earth minerals , and largely managed by his holding company , the tomorrow group .
through a series of other investment vehicles , he owns a piece of ping an , one of china’s largest insurers , as well as portions of harbin bank , huaxia bank and industrial bank . and he has acquired stakes in at least 30 other chinese financial institutions .
corporate records reviewed by the new york times show that a company he co - founded also paid $ 2 . 4 million last year to buy shares in an investment firm held by the sister and brother - in - law of mr . xi . in 2009 , another company he helped control financed a deal that aided a company run by the son - in - law of jia qinglin , then a member of china’s powerful politburo standing committee .
nothing about those deals has been publicly disclosed , and much about mr . xiao himself remains mysterious . he declined to be interviewed for this article and , while often talked about in financial circles , he has kept a low profile inside china . but he is also one of the most active players in the frenzied deal - making of the last 10 years , and his personal fortune has been estimated at $ 2 billion by the hurun report , a magazine that prints a list of the richest people in china .
it is a career made possible , in good part , by the 1989 unrest — or , more precisely , by china’s reaction against it . rather than experiment with greater political openness , as many chinese intellectuals had hoped in the 1980s , the paramount leader of the time , deng xiaoping , pushed faster economic development while tightening the control of the communist party .
the formula ultimately produced one of the most astounding economic expansions in history . but it also made those with good political connections the indispensable middlemen of high finance and convinced many ordinary chinese that the game was rigged .
corruption , or the appearance of it , was one of the main concerns of students protesting in tiananmen square in 1989 . but the scale of collusion between business and political elites has increased markedly since that time , with even the party now acknowledging that insider deal - making has become a threat to the legitimacy of the communist party .
“there’s now this self - destructive tendency within the party , ” minxin pei , an expert on china who teaches at claremont mckenna college in claremont , calif . , said in an interview . “many officials regard china’s growing wealth as fair game . and as a result , corruption has morphed into large - scale looting . ”
mr . xi is now overseeing one of the boldest anticorruption drives in decades . during the last two years , scores of businessmen and high - ranking officials have been detained or stripped of their powers , including a former politburo member , zhou yongkang , whose relatives are suspected of illegally profiting from his oversight of the state oil sector .
the crackdown is putting pressure on businessmen like mr . xiao , who know that if they fall out of favor with the top echelon of the party , their business empires could come crashing down .
but his associates insist that his investments are “market - oriented” and that he has engaged in no wrongdoing .
there are signs , though , that he is not taking any chances with the changing political winds in china . some years ago , after chinese news reports suggested that some of his companies were involved in privatizing state assets at below - market prices , mr . xiao set up a residence in canada , where he had obtained citizenship . he now spends much of his time working in hong kong , which is governed independently .
and when mr . xi’s sister and brother - in - law sold their stake last year in a joint venture with a major chinese bank , the buyer was a chinese company co - founded by mr . xiao . the deal was completed after a june 2012 bloomberg news article about the family fortune of mr . xi’s relatives .
xiao jianhua spends much of his time these days at the four seasons hotel in hong kong , surrounded by aides who arrange his meetings with bankers and asian tycoons and female bodyguards who even wipe the sweat from his brow . he owns a private jet and has bought multimillion - dollar properties in the united states and canada . and yet such trappings belie his humble beginnings .
he grew up in feicheng , a poor farming village in a mountainous region of the eastern chinese province of shandong , one of six children born to a middle school teacher and his wife . at a young age , he was , by most accounts , a voracious reader of history and literature .
“every morning , he’d get up at 5 a . m . and jog into the hills to study , ” recalled guo qingtao , a childhood friend from the village and later a peking university classmate . “he could recite every text from memory . he even read the teacher’s manuals . ”
at 14 , mr . xiao passed the highly competitive national college entrance exam and won admission to peking university . he arrived in beijing , friends say , with tattered clothes but ambitions to be a political leader .
“he loved politics , ” said zhou chunsheng , his college math tutor and now a professor at the cheung kong graduate school of business in beijing . “he wanted to be a high official , and he was reading everything — social sciences books , marxism , the collected works of mao . ”
mr . xiao’s path to power was interrupted , though , by the most momentous student protests since 1919 . at peking university , the students were not just swept up in the protests , they were among the leaders of it — the ones who led a march into tiananmen square , the city’s axis of political power , to press for political reforms .
at the time , mr . xiao was president of the university’s official student union . the duties were largely social , organizing lectures and dances , but the post was coveted because of its ties to the communist youth league , a launching pad for future careers in the party .
but in the spring of 1989 , students at the university began to march on tiananmen square with a list of demands both for university leaders and for the communist party at large . mr . xiao , as the titular representative of his fellow students , was caught in the middle .
“xiao tried to tell the government what the students demanded , but some of the activists didn’t like his conservative approach , so they set up their own organization , ” says mr . guo , his former classmate . “at the time , he was only 17 years old and was put under a lot of pressure . feeling powerless , he went to the library and buried himself in books . ”
the responsibility of pressing the student cause fell to a history major named wang dan , who helped set up an alternative student association at the university and organized boycotts , sit - ins and hunger strikes . mr . xiao took a new direction .
exactly what turned mr . xiao toward a career in business is unclear . but his good standing at peking university , especially at a time when administrators were actively persecuting students involved in the unrest , was a clear benefit from the start .
his first venture , in the early 1990s , was as a computer reseller , marketing dell , ibm and other personal computer brands near the peking university campus . he also set up a series of technology companies that were partly funded by the university , which is run by the state , and sought to encourage business ventures by its graduates .
none of the ventures grew particularly large , though there were partnerships with american companies like microsoft . but last year , in a rare interview with the chinese news media , mr . xiao said that these computer undertakings were how he made his first pot of gold , $ 150 million .
in the late 1990s , he moved to something even more lucrative : the stock market . using the tomorrow group and other investment firms , he speculated in stocks and began to acquire large stakes in public companies .
former colleagues say he succeeded , in part , by cultivating his relationships with government officials and then using those connections to set up or move companies to more fertile ground , such as his native shandong province and the area near baotou , inner mongolia , where his wife was raised .
“at that time , the capital markets were just starting , ” said mr . zhou , his former tutor and onetime business partner . “he had political connections and knew a lot , and went to local governments and told them he could help them set up listed companies . ”
over the next decade , he helped set up dozens of investment firms , and often his partners were government agencies , such as the baotou state - owned assets and supervision commission .
some of his most successful deals involved buying stakes in midsize financial institutions in smaller chinese cities , often through a complex web of shell or dummy corporations . when citigroup and other investors agreed to buy a big stake in the guangdong development bank , for instance , one of mr . xiao’s investment vehicles — puhua investment — took an 8 percent interest , and then just weeks later transferred it to another state financial institution . few analysts or journalists knew he was involved .
he has had some brushes with controversy . in 2006 , a huge state - run power company called luneng was taken over by a group of obscure investment firms . after the chinese business magazine caijing published an article about the privatization effort , the authorities ordered officials in shandong province to repurchase the shares . records reviewed by the times show that several firms involved in the privatization were affiliated with mr . xiao .
through a spokeswoman , mr . xiao said the deals were “legal and valid . ” he also defended his use of investment vehicles , saying his name is often omitted because he is the “chief strategist , ” and not working on the technical details of the deals .
after the luneng debacle , he began traveling more frequently to the united states and canada , for extended periods , according to his associates .
“he got disappointed in what was happening in china , ” his spokeswoman , yu lan , said . “the environment wasn’t good . so he went overseas . ”
mr . xiao has acknowledged , through his associates , that he is acquainted with many of the children of china’s ruling elite and that he has invested with them . usually , he says , it is by coincidence . they just happen to be in the same deal .
but a review of corporate registration records has found that on at least three occasions during the last five years , companies affiliated with mr . xiao have struck deals that appear to have benefited the relatives of china’s highest - ranking leaders .
in january 2009 , for instance , baotou tomorrow technology , a public company that mr . xiao has held a big stake in , announced that it would pay about $ 50 million to acquire a property company in southwest china’s historic city of lijiang from zhaode property in beijing . the head of zhaode , li botan , is the son - in - law of jia qinglin , who until 2012 was the fourth - ranking member of the communist party , with a seat on the all - powerful politburo standing committee .
more recently , a company mr . xiao co - founded struck a deal with the relatives of the chinese president , mr . xi . in january 2013 , a beijing - based company called qinchuan dadi investment company sold its 50 percent stake in an investment firm to a company founded by mr . xiao for at least $ 2 . 4 million , the same value the xi relatives bought it for , according to a person familiar with the deal .
at the time , qinchuan was owned , through several other firms , by the chinese president’s sister , qi qiaoqiao , and her husband , deng jiagui , according to corporate records . the deal was announced six months after bloomberg news reported that mr . xi’s relatives held assets worth more than $ 300 million .
and in 2012 , when digital domain , the hollywood visual effects studio co - founded by the film director james cameron , was sold for $ 30 million to a chinese film company , the financing came from mr . xiao and a hong kong company controlled by che feng , the son - in - law of china’s former central bank chief , dai xianglong , according to people involved in the deal .
through his spokeswoman , mr . xiao acknowledged that companies he had invested in or partly controlled were involved in the deals but said that he was not the decision - maker and only became aware of the deals after they were completed .
while those three deals have never been publicly disclosed , mr . xiao did gain some notoriety in china . the magazine caixin , for instance , reported in late 2012 that mr . xiao was working behind the scenes with a thai conglomerate , the charoen pokphand group , to acquire a $ 9 billion stake in the chinese insurer ping an with financing from several state banks in the north , in possible violation of rules that bar the use of bank loans in acquiring a stake in a chinese insurance firm .
a spokeswoman said mr . xiao eventually decided not to participate in the ping an deal and expressed frustration that he was portrayed in the news media as a secretive , predatory deal - maker . ( through an affiliate , mr . xiao had earlier acquired a stake in ping an . )
now , mr . xiao , eager to improve his image , has quietly made public his intention to give much of his wealth away .
he has donated more than $ 50 million to china’s two leading universities , peking university and tsinghua university . and recently , he pledged to donate $ 10 million to harvard . that is where wang dan , who was exiled to the united states after serving a prison term in china , earned his ph . d .
an earlier version of a home page headline with this article misspelled the name of the square where the chinese government cracked down on protests 25 years ago . it is tiananmen , not tianamen .
data delayed at least 15 minutes , as of jul 09 2018 07 : 59 bst .
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* says it will pay cash dividend of 0 . 01 yuan ( before tax ) / share for 2017 to shareholders of record on may 4
* says march net profit at 115 . 2 million yuan ( $ 18 . 26 million ) source text in chinese : urltoken further company coverage : ( $ 1 = 6 . 3092 chinese yuan renminbi ) ( reporting by hong kong newsroom )
* says 2017 net profit down 82 . 6 percent y / y at 116 . 3 million yuan ( $ 18 . 39 million ) source text in chinese : urltoken further company coverage : ( $ 1 = 6 . 3253 chinese yuan renminbi ) ( reporting by hong kong newsroom )
* says it expects 2017 net profit to fall 82 - 85 percent y / y from 667 . 7 million yuan ( $ 105 . 35 million ) year ago source text in chinese : urltoken further company coverage : ( $ 1 = 6 . 3380 chinese yuan renminbi ) ( reporting by hong kong newsroom )
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overturning roe v . wade could hurt job growth in many u . s . states
last updated : jul 9 , 2018 3 : 30 p . m . cst
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citi has been established in indonesia since 1968 . citi proudly serves the country by providing daily banking services , as well as corporate and investment products to our valued customers .
by asset size , citi is one of the largest foreign banks in indonesia . citibank operates 10 branches in six major cities in indonesia , including jakarta , bandung , surabaya , semarang , medan and denpasar .
citibank also has one of the largest consumer transaction networks with around 33 , 000 payment points and one of the largest corporate distribution networks with approximately 6 , 000 locations in 34 provinces . citibank is connected to atm bersama networks with more than 70 , 000 atm terminals throughout indonesia .
citibank also works actively to make an important contribution in citizenship to reach communities in need . under the umbrella of citi peka ( care and create something impactful ) , citibank’s mission is to enable growth and economic progress for the beneficiaries . established in 1998 , citi peka has focused its corporate social responsibility ( csr ) activities on the pillars of financial inclusion , youth economic opportunity and sustainable cities . guided by the principle of “more than philanthropy” citibank has signature programs in various parts of the world , namely the citi microentrepreneurship awards and pathways to progress . funded by the citi foundation , which is based in new york , citi peka has partnered with around 56 organizations to implement 35 sustainable programs that have reached more than 1 million people , involving more than 50 percent of citi employees as volunteers in various social activities . each year citi holds global community day , when all employees are invited to do social activity in every country where citi operates , including indonesia .
citi indonesia’s institutional clients group ( icg ) has four offices located in jakarta , bandung , surabaya , and medan . icg’s core local business includes cash / trade finance , fx / rates / derivatives , loans , and custody . we provide comprehensive financial solutions to a wide range of customers that include local corporates , the government / state owned enterprises , multinational corporates and small / medium enterprises . icg has one of the largest corporate distribution networks in the country , with around 6 , 000 locations in 34 provinces through its partnership with the state mail agency pt pos indonesia and five local banks .
citi’s global consumer banking ( gcb ) operates 10 branch offices and 54 atms in indonesia . citibank is integrated with the atm bersama networks with over 70 , 000 atm terminals spread across indonesia . our core local business in gcb includes credit cards , consumer lending , savings & deposits , and wealth management that covers investment , insurance and treasury products . gcb is a pioneer in the indonesia credit card industry , as well as wealth management banking . gcb is also at the forefront in its offering of digital banking in indonesia , and aims continuously provide innovative and value added products and services to our customers . we also provide our customers with industry - leading banking technology , wealth advisory as well as powerful citi global network and connectivity .
this page shows the historic number of sfc licensees for a firm . licensees are either responsible officers ( ros ) or representatives ( reps ) . when activity is set to
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, we treat a person who holds both roles ( in different activities ) as an ro . the reps v total is a measure of how bottom - heavy a firm is , because the ros are supposed to supervise the reps . for other firms , click here . for the total in all firms , click here . note that due to a transitional period which ended on 31 - mar - 2005 , many licenses in some activities were surrendered or not extended beyond that date .
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on the frontline of china ' s spending revolution - small loans , bi . .
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this article first appeared in the edge financial daily , on nov 20 , 2012 .
601099 : shh price reached a new 52 - week low of 2 . 22 at 11 : 52 bst
601099 : shh price rises above 15 - day moving average to 2 . 30 at 15 : 09 bst
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