China First Capital Group Limited ("CFCG") is a Hong Kong-based company listed on the Main Board of the Stock Exchange of Hong Kong (stock code: 1269) , headquartered in Hong Kong and has branches in major cities in China, including Shenzhen, Beijing, Shanghai, Chengdu, Chongqing, Kunming, Wuxi, Singapore and the United Kingdom, with educational resources all over the main area of the world. Before 2014, the Group was mainly engaged in the automotive parts business. Since the end of 2014, the Group has started moving into the financial services business, providing services such as dealing in securities, underwriting and placing of securities, financing consultancy, merger and acquisition agency, financial advisory, asset management, private equity fund management, credit financing and migration financial services. From 2016, the Group continued to diversify its business by stepping up its efforts in the financial services business while developing its education operation business. It shifted its principal focus onto education operations and utilized its own diversified financial services units, intending to build a platform of operation, investment and financing in the education sector guided by its “Education Operation plus Financial Services” strategy. These efforts can facilitate the Group’s dedication to operation in and integration of high-quality education enterprises, and provide education institutions with investment and financing channels and advisory services thereby connecting the education industry to capital markets and discovering and adding to the value of education companies.
In June 2016, CFCF was officially admitted as a component of the MSCI China Small Cap Index. On 2nd February 2018, CFCG has been selected as a constituent of Hang Seng Composite Index Series and Hang Seng Stock Connect Hong Kong Index Series, all together comprising seven major indices, including Hang Seng Composite Index and its subdivision of MidCap Index, Hang Seng Global Composite Index, Hang Seng Consumer Goods & Services Index, Hang Seng Stock Connect Hong Kong Index, Hang Seng Stock Connect Hong Kong MidCap & SmallCap Index, Hang Seng SCHK Mainland China Companies Index and Hang Seng SCHK ex-AH Companies Index, managed by the Hang Seng Indexes Company Limited, with effect from 5 March 2018.
In terms of education operation, the Group is actively exploring high quality education projects both domestically and abroad and making direct investment with its own funds through a range of projects covering the entire education industry. Since 2016, the Group has successively invested in Virscend Education Co., Ltd. (HKEX stock code: 1565), Jinan Shijiyinghua Experiment School, Kunming Professional College of Arts, Xishan Schools, GSV Acceleration Fund I, L.P., G8 Education Limited (ASX stock code: ASX:GEM), Singapore MindChamps (Stock Code: CNE.SI) and Singapore Raffles Music College. In addition, the Group's wholly-owned subsidiary First Capital Fund Management Limited ("FC Fund") has joined hands with other institutional partners to set up funds, which have invested in a number of projects, including Meten English International Education Technology Co., Ltd., Bojun Education Investment Co., Ltd and Beijing Experimental Foreign Language School. Meanwhile, the Group also entered into a strategic cooperation framework agreement with various education institutions such as Kingswood School, University of West London, altschool, The Moller Centre of the Churchill College of University of Cambridge, Shanghai Jiao Tong University, etc., and the municipal government of Deyang City, Sichuan Province for the joint establishment of the China (Deyang) Splendid Horizons International Education New Town. The Group is increasing its education operation, in an effort to integrate international and domestic educational resources and build a world-renowned brand in education sector.
In the area of financial services, the Group has three wholly-owned licensed subsidiaries First Capital Asset Management Limited, which is granted SFC Types 1, 4 and 9 licenses (dealing in securities, advising on securities, and asset management), First Capital Securities Limited, which is granted SFC Type 1 and 4 licenses, (dealing in securities and advising on securities), and First Capital International Finance Limited, which is granted SFC Type 6 license (advising on corporate finance). Along with FC Fund and First Capital International Holdings Limited, the Group can provide customers with diversified and all-around financial services.