In early 1999, the initial management shareholders developed the concept of an alliance between medium and small brokers in Hong Kong with a view to uniting them and thus enabling them to benefit from the economies of scale and from the ASP services of the united network. The concept had been crystallized in early 2002 whereby Stockmarknet Holdings Limited (“Stockmarknet”) (now known as Sinofortune Finanicial Holdings Limited) was formed to provide a trading platform, SMNonline, to more than 180 medium and small brokers in Hong Kong who had subsequently become the founding shareholders of Stockmarknet. Since early 2002, Stockmarknet has been listed on The Stock Exchange of Hong Kong Limited.

Sinofortune Group and its affiliated companies have grown into diversified financial institutions involving in securities and future brokering, corporate finance, wealth management, and direct investment. And they have obtained the securities, future, corporate finance and financing advisory licences in Hong Kong.

In mid 2007, IFN expanded its business into the PRC by announcing the acquisition of the entire shareholding of First China Securities Consultancy (Shenzhen) Co., Ltd (“First China Shenzhen”). In June 2008, IFN has changed its company name to First China Financial Holdings Limited (First China Group), then changed to First China Financial Network Holdings Limited (First China Group) in December 2009.

First China Shenzhen, which was established in August 1997, is a leading stock information service provider in Mainland China. It operates a financial information service business, providing financial information and/or programmes via internet to a variety of parties including clients of securities companies, investors and Internet portal companies in the PRC.

Through First China Shenzhen’s existing and future clientele, First China Financial Group has been increasing its clients in the securities business consistently and considerably. Upon acquiring First China Shenzhen, First China Financial Group has made a breakthrough in developing its business in mainland China.

In May 2008, First China Group acquired 100% stake of Shenzhen An He Xin Insurance Brokers Co., Ltd, (now named Shenzhen First China Insurance Brokers Co., Ltd) which held insurance brokering license in mainland PRC issued by China Government.

In Jun 2017, Company name changed to Sinofortune Financial Holdings Limited.