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| Monday, 17 June 2013, 21:30 HKT/SGT | |
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Source: CSCI | |
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Aims to Enter Global Capital Markets
Actively Strives for International Growth |
HONG KONG, June 17, 2013 - (ACN Newswire) - China Securities (International) Finance Holding Company Limited ("CSCI" or the "Company") has announced the commencement of its operations in Hong Kong. The occasion was marked by a grand opening ceremony and a celebration cocktail reception at Exchange Square, Central, Hong Kong attended by nearly 100 guests from renowned domestic and overseas organisations including securities firms, asset management companies, insurance companies and banks.
 | | China Securities (International) Finance Holding Company Limited Commences Operation in Hong Kong |
Established in July 2012, CSCI is a wholly-owned subsidiary of China Securities Co., Ltd. ("CSC"), one of the top securities companies in Mainland China. It provides a comprehensive portfolio of financial products and services through its licensed subsidiaries for corporate finance, asset management, securities brokerage, investment research and financing businesses.
CSC is a large-scale, national securities company offering a comprehensive range of professional services. CSC has a registered capital of RMB6.1 billion, and is approved by the China Securities Regulatory Commission ("CSRC"). The Company has the support of several prominent shareholders, including Beijing State-owned Capital Operation and Management Center, Central Huijin Investment Ltd., CITIC Securities Co., Ltd. and Century Golden Resources Investment Group Co., Ltd. All of these companies possess substantial capital and experience in capital management, as well as a high industry profile. In China, CSC manages the accounts of approximately 3.6 million clients, with a total AUM of RMB400 billion. It operates 150 securities firms that are located in 29 provinces, cities and autonomous regions in China. Subsidiaries that have been established by CSC include CSCI, China Futures Co., Ltd., and China Capital Management Co., Ltd. While providing quality and professional financial services to the Government, companies, organisations and individual investors, CSC has built a solid reputation and been accredited with the "AA" credit rating - the highest rating in the industry - for three consecutive years by the CSRC.
Mr Wang Changqing, Chairman of the Board of CSC, said, "The establishment of CSCI represents a new milestone in the development history of CSC, showing that we are also striving for growth in international markets and thus providing greater flexibility for our investment and financing business while focusing on the Mainland China market. Leveraging Hong Kong's advantages as a major international financial and commercial centre as well as the close proximity to China, we are excited about this important step in entering the international capital markets through establishing a subsidiary in Hong Kong."
With the booming Mainland China economy, fixed investment and personal consumption have consistently recorded high growth. Together with the gradual evolution of RMB internationalisation, Hong Kong has been playing an important role as an asset management and RMB offshore centre, fuelled by China's economic expansion. CSCI continues to leverage its own advantages along with CSC's solid business foundation in China and extensive investment experience and presence across the finance sector to grasp the business opportunities presented by the prosperous development of the market.
In addition, CSCI is steadily advancing towards its goal of becoming a full-service investment bank. The Company has devoted considerable efforts to develop businesses in corporate finance, asset management, securities brokerage, investment research and financing and is recruiting local and overseas professionals with investment and asset management experience. At the same time it has maintained close collaboration with international financial institutions to successfully execute its international growth strategy.
Mr Qi Liang, Chief Executive Officer of CSC and Chairman of CSCI, concluded, "As part of the Group's strategy of implementing internationalisation and developing international business, CSCI will ride on our parent company's extensive network and powerful resources in China and take full advantage of the open financial environment and healthy financial system in Hong Kong. Thus we can provide a wide array of financing products and services and become an important bridge to connect the investment and financing customers in China and the capital markets around the world."
Contact:
Strategic Financial Relations Limited
Heidi So
Tel:2864 4826
Email:heidi.so@sprg.com.hk
Katrina Leung
Tel:2864 4857
Email:katrina.leung@sprg.com.hk
Vanessa Zhang
Tel:2114 4981
Email:vanessa.zhang@sprg.com.hk
Miranda Xie
Tel:2864 4862
Email:miranda.xie@sprg.com.hk
Fax: 2527 1196
Website: www.sprg.com.hk
Topic: Press release summary
Source: CSCI
Sectors: Daily Finance, Daily News
https://www.acnnewswire.com
From the Asia Corporate News Network
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