Guotai Junan Securities was a Shanghai-based full-service securities firm formed in 1999 and listed on the Shanghai Stock Exchange in 2015. Company filings record its merger with Haitong Securities in 2025 to form Guotai Haitong Securities. The 2018 ImbaTV feature says Hero Entertainment signed a listing-services agreement with Guotai Junan; it does not establish whether the contemplated listing proceeded.[1][2][3]
PTG Database Analysis
This page preserves Guotai Junan Securities as the historical legal entity named in the 2018 reporting. The merger is documented as corporate succession, not as evidence that the listing-services agreement produced an IPO.[2][3]

