Haichuan Securities MMTec, Inc. (NASDAQ:MTC) was incorporated in the British Virgin Islands on January 4, 2018, formerly known as Meimei Securities, and was renamed Haichuan Securities on June 5, 2020. Its main business is a Chinese operating entity Gujia (Beijing) Technology Co., Ltd. is operated by Gujia (Beijing) Technology Co., Ltd., headquartered in Beijing, China, with 38 full-time employees. It is a Chinese-funded US stock brokerage company and the first listed Chinese-funded US stock brokerage company. (Currently listed also include Futu Securities , Tiger Securities, etc.).
MMTec, Inc. (MTC):
Meimei Securities Co., Ltd. uses US stock Internet brokers as a platform and exclusive ETN technology innovation to provide investors with one-click services for overseas asset management. Team members have over 10 years experience in the securities industry and the Internet, mainly from Baidu , Sohu , Hang Seng electronics, great wisdom, Minsheng Bank, the financial sector and other major Internet and financial institutions. Meimei Securities is the first company in mainland China to hold 100% of the US stock brokerage license (currently, domestic US stock brokerages mainly include Futu Securities and Weiniu Securities ).
On April 20, 2018, Meimei Securities established MM Fund Services Limited, aiming to provide management services for the private equity fund industry; May 28, 2018 and August 8, 2018, Meimei established MM Capital Management Limited and MM Fund respectively SPC provides clients with asset management and investment services.
On March 19, 2018, MMTEC acquired a wholly-owned subsidiary, MM Future Technology Limited, which was incorporated in Hong Kong on October 31, 2017 with the purpose of becoming the holding company of Gujia.
In addition, Meimei Securities holds 24.9% of the issued securities of MMBD Trading Ltd. (a British Virgin Island company limited), which owns 100% of the shares of MM iGlobal, Inc., a registered broker-dealer in the United States, and is headquartered in New York State. New York City.
Meimei Securities has developed and deployed a series of platforms, including a business chain, enabling Chinese hedge funds, mutual funds, registered investment advisors, proprietary trading groups and brokerage companies to engage in securities market transactions and settlements on a global scale.
MMTec, Inc. (MTC) US stock brokerage services:
The US stock investment service of US Securities is mainly through the American Whitewood Group, which was acquired in August 2016 and founded in 1937. The latter is a senior member of the US Financial Industry Regulatory Agency (FINRA) and the US Securities Investor Protection Corporation (SIPC) , The main business is securities brokerage, allotment and underwriting, and providing investment consulting. After the completion of the acquisition, in addition to trading and custody of U.S. stocks through certified members of FINRA and SIPC, U.S. Securities also provides double insurance protection for customers’ U.S. stock assets: First, customers have up to USD 500,000 in protection provided by SIPC, which includes 250,000 US dollars in cash compensation; second, the securities account also has additional protection beyond SIPC, and the insurance organization Lloyd’s provides up to 30 million US dollars of insurance. Whitewood Group has always been committed to helping investors achieve their wealth appreciation goals, providing professional trading technology, asset management and investment advisory services to customers with different needs.
Compared with the original Whitewood Group, Meimei Securities has three professional teams in Beijing, New York, and Shanghai. It has the advantages of localization, specialization, cross-language and cross-cultural background, and focuses more on localization in services.
Before listing, Meimei Securities has received early investment of tens of millions of yuan from a number of well-known institutions (in its peers, Futu Securities currently completed a $145.5 million round C financing led by Tencent in June 2017 and on March 8, 2019 Logged on to Nasdaq, Tiger Securities completed a C round of 500 million yuan financing in July 2018 and went public on March 20, 2019. Xueying Securities (Snowball) completed a D round of 120 million US dollars financing on July 16, 2018 , Weiniu Securities (Fumi Technology) completed 200 million yuan in Series B financing on July 19, 2018).
In addition to operating as a US stock brokerage company that personally invests overseas, Meimei Securities also provides investment advisory services and listed company services.
MMTec, Inc. (MTC) investment:
MMTec, Inc. (NASDAQ:MTC) submitted its IPO prospectus on 10/22/2018, and listed on NASDAQ on 1/8/2019. The issue price was US$4, 1.8 million shares were issued, and US$7.2 million was raised. , The lead underwriter of WestPark Capital.