Central China Securities Co. Ltd. (01375.HK) is looking to buy a Hong Kong brokerage company with a license to operate corporate finance advisory services.
Last month, it won regulatory approval to engage in local securities trading.
The company is seeking to offer a wide range of brokerage services in Hong Kong, according to the Hong Kong Economic Journal which cited company secretary Xu Haijun.
At present, it serves mainland clients, mostly to open new Hong Kong trading accounts, chief financial officer Li Xiaoqiang said.
Xu said the Chinese government is determined to grow the country’s capital market, opening up strong prospects for stocks.
Meanwhile, Beijing is expected to ramp up economic restructuring toward an open market, chief economist Yuan Xuya said.
– Contact us at [email protected]