Haichuan Securities (MTC.US) surged more than 110% to $15 before the market.

Haichuan Securities was listed on the NASDAQ main board in January 2019. At that time, the issue price was 4 US dollars/share. From June to July 2019, the stock rose sharply, and its historical peak price reached 195.5 US dollars/share. However, since then, the stock price has fallen sharply. Since the end of 2021, the stock price has been less than 1 US dollar/share for a long time. Since the end of April this year, Haichuan Securities has gained strength as a whole. It once rose to 12.9 US dollars on May 14. As of last Friday's closing report of 7.01 US dollars, the stock has accumulated a cumulative increase of more than 600% during the year.

According to public information, Haichuan Securities was founded in Beijing on June 1, 2015, formerly known as “Meimei Securities”. In 2016, Meimei Securities acquired the US brokerage company Whitewood. Whitewood is an established US brokerage firm founded in 1937 and is a senior member of the US Financial Industry Regulatory Authority (FINRA) and the US Securities Investor Protection Corporation (SIPC). The company's main business is securities brokerage, placement and underwriting, and providing investment consulting.

In 2020, the company changed its Chinese brand name from Meimei Securities to Haichuan Securities. At the same time, the company's management stated that while retaining the original business foundation, it will actively carry out businesses such as overseas securities private equity fund trusteeship, fund investment manager incubation, and main brokers. In addition, Haichuan Securities will also invest its core business in more diversified markets. While steadily developing the original market, it will actively expand services to the North American and Hong Kong markets.