BOCI plans to boost staff amid heightened investor appetite

January 21, 2015 10:59
BOC International's Lu Ying expects the Shenzhen-Hong Kong Stock Connect to be launched in the second half. Photo: HKEJ

BOC International Holdings Ltd., a subsidiary of The Bank of China Ltd. (03988.HK), plans to double its research staff this year to 60, the Hong Kong Economic Journal reported Wednesday. 

The brokerage is also hiring an additional 20 employees for its private banking department, bringing the total to about 80, said Sunny Wong, managing director of BOCI Securities Ltd. 

The additional hiring plans come amid growing demand for research analyses on the mainland stock markets, especially after the Shanghai-Hong Kong Stock Connect was launched in November last year, Wong said.

Institutional investors are also showing greater interest in mainland-listed shares, Wong added. 

Market players are also anticipating a similar cross-border stock trading scheme between Hong Kong and Shenzhen.

Lu Ying, assistant chief executive of BOC International, said the Shenzhen version of the Stock Connect program may be launched in the second half of the year. 

The Shanghai-Hong Kong Stock Connect is an important landmark in the Hong Kong and mainland stock markets, although transaction volumes have not been active so far, Lu noted. 

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