HONG KONG, Oct. 18, 2016 /PRNewswire/ -- Mason Financial Holdings Limited ("Mason Financial" or the "Company", stock code: 273:HK) announced that its joint-stock subsidiary Shengang Securities Company Limited ("Shengang Securities"), a Securities Company in China, has commenced operations today in Shanghai, marking the entry of the Company into the China market.
Shengang Securities is the first Sino-Hong Kong joint-stock securities company holding multiple licenses which was established under the supplemental framework of CEPA (Mainland and Hong Kong Closer Economic Partnership Arrangement). Its scope of business includes: securities broking, securities underwriting and sponsoring, securities trading and asset management. Shengang Securities will be eligible to apply for other securities-related licenses after one year of continuous operation, thus eventually becoming a fully licensed securities company.
Shengang Securities' registered capital totals RMB3.5 billion, which is currently the most capitalized firm amongst the 11 joint-stock securities companies. Mason Financial is paratactic largest shareholder of Shengang Securities, holding 15% of its total shareholding. The remaining equity is held by 13 shareholders from mainland China and Hong Kong.
Alex Ko, Joint-Chairman and CEO of Mason Financial, commented, "The establishment of Shengang Securities holds significant strategic implications for the development of Mason Financial, laying a strong foundation for Mason Financial's future investment flows both domestically and globally. Shengang Securities will complement Mason Financial's asset management and wealth management businesses, enabling us to offer mainland investors a wide array of quality financial products from overseas."
About Mason Financial Holdings Limited
Mason Financial Holdings Limited (273.HK), through its various subsidiaries, is principally engaged in dealing in securities, futures brokerage, bullion trading services, provision of securities margin financing, investment and corporate finance advisory, money lending and investment holding. In February 2016, the Company completed the acquisition from Guoco Group (53.HK) of three companies engaged in securities trading, precious metals trading, and futures brokerage. The three companies were subsequently renamed as Mason Securities Limited, Mason Futures Limited and Mason Bullion Limited, respectively. In addition, the Company acquired a 55% stake in the amalgamated holding company of Reproductive HealthCare and Victory Assisted Reproductive Technology Laboratory in September 2016, marking Mason Financial's entry into Hong Kong's premium medical services sector to capitalize on the growing "mother-infant-and-child" demographic demand in Greater China. Moreover, in October 2016, the Company established the lending and financial service company, which offers property mortgage loan and securitization business, expanding the Company's business coverage of lending and financing services.
With the existing financial service platform, Mason Financial executes the growth strategy with financial service at its core, expanding the coverage of its existing platform business. Looking ahead, Mason Financial will further explore the business of direct investment and wealth management service, to enhance its securities business and explore fund management business. Pursuing strategies such as mergers and acquisitions and strategic alliances, Mason Financial is set to reposition itself to become a competitive global financial conglomerate with strong performance.
For inquiries, please contact Hill+Knowlton Strategies
| Ms. Shirley Lo |
Ms. Anni Li |
| Tel: (852) 2894-6214 |
Tel: (852) 2894 6259 |
| Email: mason.hkg@hkstrategies.com |