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HONG KONG, June 1, 2018 /PRNewswire/ -- CITIC Securities Brokerage (HK) Limited ("CITIC Securities Brokerage HK") is pleased to announce that it has become the first foreign brokerage firm to participate in the H-Shares "Full Circulation" Pilot Project. This scheme was designed by the China Securities Regulatory Commission ("CSRC") to enable the "Full Circulation" of H-Shares in mainland China. This is a solid testament of CITIC Securities Brokerage HK's strength and leading position in Hong Kong's brokerage industry.
As part of this pilot scheme, CITIC Securities Brokerage HK will provide investors with services including H-Share trade execution, transaction settlement and H-Shares market news dissemination. In addition to its pilot-related daily operations, CITIC Securities Brokerage HK also devised a comprehensive risk management system and contingency plans to ensure a smooth pilot run.
Mr. Tony Leung, Chief Executive Officer of CITIC Securities Brokerage HK, said: "CITIC Securities Brokerage HK supports and actively participates in the reform and innovation of capital markets. It is a privilege to take part in this significant pilot project. Being the first brokerage to test the scheme talks volumes to the strength of our business. CITIC Securities Brokerage HK has extensive experience in securities and futures trading and in wealth management services. With a comprehensive retail network and a best-in-class electronic trading platform, CITIC Securities Brokerage HK helps investors unleash the potential of their wealth."
The H-Shares "Full Circulation" refers to an arrangement that allows mainland Chinese shareholders of domestically-held foreign-listed stocks (mainly in Hong Kong) to buy and sell their shares in overseas markets after registering for overseas trading through the China Securities Depository and Clearing Corporation Limited ("CSDC"). These shares, originally registered in mainland China, can only be traded overseas after qualifying for CSDC cross-border transfer registration. At the outset of the pilot project, shareholding lessening by investors will be realised first. The pilot aims to accelerate the capital market reform, enabling its opening up towards overseas listing systems and is expected to further optimise the overseas financing channels for domestic enterprises. It supports and promotes the overall development of Hong Kong's financial market.
About CITIC Securities Brokerage (HK) Limited
CITIC Securities Brokerage (HK) Limited (CSB) is the international wealth management and retail broking arm of CITIC Securities Company Limited. Our dedicated team of wealth management professionals provides tailor-made financial solutions to clients in China and beyond, across a variety of asset classes that include securities and futures trading, margin financing, investment advisory, custodian and nominee services.
Headquartered in Hong Kong, CSB offers clients access to a network of retail branches across the city and a dedicated centre for Corporate and High Net Worth clients. The company also provides professional brokerage services in Japan, Singapore, the Philippines, Thailand, Malaysia, Australia and the United States.
With a wide range of wealth management services and the best-in-class trading solutions, CSB strives to unify and simplify the customers experience by providing multi-market, multi-asset trading solutions which seamlessly integrate with multiple electronic devices. This one-stop solution enables retail clients, corporate and high-net-worth individuals, as well as institutional investors to manage their finances, protect and build their financial futures. For more information about the company and its services, please visit www.csb.com.hk.
For enquiries:
Annette Ho
+852-2237-9129
annetteho@citics.com.hk
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