On November 3, Shenzhen Stock Exchange issued a document to securities traders saying that upon application by member units, trading permission of Hong Kong Stocks Through under Shenzhen-Hong Kong Stock Connect is given to relevant trading units of 24 member units. Excelling from numerous securities traders, N-Securities gained the trading permission of “Shenzhen-Hong Kong Stock Connect” among the first batch.
According to the document, the 24 securities traders include Essence Securities, Bohai Securities, Datong Securities, Orient Securities, Soochow Securities, GF Securities, Guolian Securities, Guotai Junan Securities, Guosen Securities, Guoyuan Securities, Hengtai Securities, HwaBao Securities, Huatai Securities, Huaxi Securities, Ping An Securities, Shenwan Hongyuan Securities, N-Securities, China Merchants Securities, CICC, Zhongtai Securities, China Securities, BOC International, China Post Securities and Central China Securities.
Shenzhen-Hong Kong Stock Connect is short for Shenzhen-Hong Kong Stock Market Connectivity Mechanism which, by means of establishing technological links between Shenzhen Stock Exchange and the Stock Exchange of Hong Kong Ltd., allows investors in Mainland China and Hong Kong to buy and sell prescribed stocks listed on the counterpart’s stock exchange through local securities traders or brokers.
The launch of Shenzhen-Hong Kong Stock Connect represents another major measure of connecting financial markets in Mainland China and Hong Kong and is of positive significance in multiple aspects: First, investors can thus better share economic development achievements in both places; second, it helps to promote reform and open-up of the capital market in Mainland China and to improve the investor structure in A-Share market; third, it helps to deepen financial cooperation between Mainland China and Hong Kong; fourth, it helps to consolidate and improve Hong Kong’s position as an international financial center, thus facilitating RMB internationalization.
N-Securities is a novel securities trader combining traditional securities business and Internet technologies to build all-new capital media platforms and pioneer the Internet operation mode. It carries out securities brokerage, securities asset management, securities underwriting, securities sponsoring and other business, and supports account opening online and on site. With two branch companies in Beijing and Shenzhen respectively as well as 34 securities trading business departments across China, it features nationwide business coverage.
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