Nanhua Futures (Ticker: 2691 HK) is a China-based futures company providing comprehensive global financial services, including futures brokerage, risk management, and wealth management. Founded in 1996 and headquartered in Hangzhou, the company reportedly ranks as the eighth-largest futures company in the PRC by total revenue and the largest among non-financial institution-related futures companies. Nanhua Futures operates a global network with branches across Asia, North America, and Europe.

The company is scheduled to list on the HKEX Main Board on 22 December 2025. The IPO involves an offering of 107,659,000 H shares, marketed at a price range of HK$12.00 to HK$16.00 per share. Through this offering, Nanhua Futures targets raising approximately HK$1.29 billion to HK$1.72 billion (US$166 million to US$221 million). This pricing implies a market capitalization ranging from HK$8.61 billion to HK$11.48 billion (approximately US$1.1 billion to US$1.48 billion).

According to the listing documents, the IPO proceeds are allocated primarily for brand promotion and business development. The offering is sponsored by CITIC Securities (Hong Kong), supported by a syndicate of underwriters including ABCI Securities, BOCI Asia, and CLSA.