Seize half of the business opportunities Hong Kong brokerage north to seek the mainland partners

According to the Hong Kong newspaper, Wen Wei Po, 9th this month signed the Cepa Supplementary Agreement 6th (CEPA7), reducing the Hong Kong-funded banks in the economically developed Guangdong Province to open a branch of the threshold, so that Hong Kong-funded securities companies in Guangdong Sunshine.　　A number of Hong Kong-funded banks and financial institutions such as East Asia, Hang Seng and Yong Heng and securities brokers, such as securities, Tai Fook, and so on, said that it would take the Dongfeng to speed up the expansion of business in Guangdong, the introduction of a timetable to speed up the distribution. May 20, the Hong Kong financial community visited Guangzhou and Foshan to explore the feasibility of implementing CEPA Supplementary Agreement 6. It is reported that many Hong Kong banks take this opportunity to actively explore in Guangdong second-tier city layout planning, and securities companies to open the new policy in Guangdong to set up a stock investment advisory services company, more actively accelerate the expansion of business and search for future partners.　　A Hong KONG-funded brokerage has also said that, as opposed to the suspension of the through train, the Cepa Supplementary agreement 6th, which is said to be a half through train, is good for Hong Kong equities and the mainland has investors said it will increase the position of Hong Kong stocks. The prospect of a broad Hong Kong stock market It is understood that the bank and securities companies to participate in the HKSAR delegation, in consultation with the Guangdong province concerned to implement the CEPA7 matters, brewing a timetable for speeding up the distribution of cities around Guangdong, but the specific release time has not been announced.　　Hong KONG-funded banks said that as long as the local banking and regulatory bureau opened up and actively cooperate with the CBRC for approval, the speed of Hong Kong-funded financial institutions going northward will surely accelerate. For the positive benefits of CEPA7, the spokesman for the Bank of East Asia (China) Limited said that the current bank has 19 outlets in Guangzhou, Shenzhen and Zhuhai, and the Dongguan representative office, the Cepa Supplementary agreement allows Hong Kong-funded banks which have established branches in Guangdong Province to set up "off-site branches" in Guangdong Province, No need to set up a branch first, which will help Hong Kong's banking industry expand its business network in Guangdong province. East Asia has always attached great importance to Guangdong and even the Pearl River Delta Business development opportunities in the most developed regions of China's economy.　　Through the deepening of Cepa, the future East Asia will strengthen the existing network at the same time, continue to expand the service coverage capacity in Guangdong, under the existing policy framework, actively study the feasibility of new branches, branches or branch offices, and strive for the region's enterprises and individual customers to provide more quality financial services. Feng Xiaozhong, general manager and director of investment and insurance at Hang Seng Bank, which calls on Hong Kong bank to become a regional bank in South China, said as the market in Hong Kong is saturated, the new measures are very attractive to the Bank of Hong Kong, which gives Hong Kong banks more room for development, and the Hang Seng Bank has 12 outlets in Guangzhou, Shenzhen and Dongguan.　　It is believed that the industry will consider a new business strategy in the near future, and he hopes that the mainland authorities can thus provide a platform for Hong Kong banks to be transformed into South China banks. The representative of Wing Hang Bank stressed that it has 6 outlets in Shenzhen and Guangzhou and Zhuhai, and the new measures facilitate the banking business of small and medium-sized enterprises in Guangdong Province, which is conducive to bank deposits and expansion of small and medium-sized enterprises, but also conducive to the development of Wing Heng. Wing Hang will also consider taking this opportunity to speed up the expansion of the PRD and Guangdong province, the bank said., including speeding up the distribution points in Foshan, Zhongshan and Jiangmen. According to the head of Shenzhen consulting company, a Hong Kong brokerage, the mainland residents cannot lawfully invest in Hong Kong stocks, nor can Hong Kong-owned brokerages operate in the mainland to attract mainland residents to invest in Hong Kong stocks. As many of the best H shares in Hong Kong are not listed on the mainland, many investors have invested in Hong Kong stocks covertly or underground. And in order to rob investors, including Tai Fook Securities, KGI Securities, Rich Securities and prudential securities, such as 15 Hong Kong investors in the form of investment information in Shenzhen, some agencies can only secretly carry out information services.　　Since mainland investors are still in a grey area to buy and sell Hong Kong equities, the confidence of mainland investors and the business of Hong Kong securities companies are often affected. Securities brokers said the sun will help expand their business the Cepa Supplementary Agreement 6 stipulates that Hong Kong-funded securities companies can jointly set up investment consultancy companies with mainland firms with a maximum shareholding of up to 1/3. Mr Lan believes that this is a great boon for Hong Kong-funded brokerages, who will turn from underground operations to the ground for legitimate sunshine operations. At present, their Hong Kong headquarters is awaiting the details of the establishment of a joint venture investment consultancy company and actively studying the corresponding development strategy to identify mainland partners. He also predicted that the main business of setting up investment consultancy companies in the mainland would focus on investment consultancy in Hong Kong stocks, which is also the advantage of local brokerages.