-- Cooperation in Securities Business between Tianjin and Hong Kong Should be Based on Financing
On the "Tianjin-Hong Kong Securities Business Forum", the director of Tianjin Bohai Securities Co, Ltd. Zhang Zhijun gave a speech about the cooperation in securities business between Tianjin and Hong Kong. He said: the cooperation in securities business between Tianjin and Hong Kong should started at financing, and be based on developing direct financing between Tianjin and Hong Kong, carrying on cooperation in the business of investment funds, annexing and purchasing, bonds and the exchanging of person, information, research etc.
It is reported, being invested and enlarged shares, Tianjin Bohai Securities Co, Ltd., which will be founded in April, will become into a national large-sized comprehensive securities company re-organized by Tianjin Securities Co, Ltd., Tianjin International Trust and Investment Corp., Tianjin North International Trust and Investment Corp., Tianjin Trust and Investment Corp. and Tianjin Binhai Trust and Investment Corp. It is the sole national securities company registered in Tianjin with 2.379 billion RMB registered capital. In the light of registered capital, it is among the top 10 securities companies of China.
Being the biggest securities company of Tianjin, Tianjin Bohai Securities Co, Ltd. have its own design of cooperation between Tianjin and Hong Kong. The person in charge of it told interviewer:" We pay great attention on Hong Kong's active effect as an important financial center of the world. On one hand, inland attaches importance on Hong Kong's advantages of funds, technology and management, and their cooperation make both inland and Hong Kong securities business benefit. By now there is great space for cooperation on this aspect. Being the financial center of the world, Hong Kong, an important window for Tianjin financial circle to touch with the world, has its characteristic advantages on linking with oversea financial circle. And Tianjin wishes to find more chances of international cooperation through Hong Kong. On the other hand, the focal point of the "Tenth Five-Year Plan" is to make strategic adjustment on structure, improve the proportion of direct financing in enterprises and promote the change of enterprises managing mechanism. Being the center of Bohai economy region, Tianjin has more opportunities on managing mechanism changing and direct financing. Having apparent advantages in this aspect, Tianjin Bohai Securities Co, Ltd. is an ideal partner for Hong Kong financial colleagues. The cooperating relations with Hong Kong and international financial circles basing on linking will bring more developing chances to Tianjin Bohai Securities Co, Ltd."
"At present, inland enterprises financed about 200 billion HK$ by Hong Kong stock market, while there is still large cooperating potentiality. Specially, one main form of economic cooperation-direct financing on capital market will become into the important feature of deepening of cooperation between mainland and Hong Kong. Under the background of WTO, the stock market of China certainly will improve its internationalizing program, which can help more Chinese enterprises list in Hong Kong or oversea. Great business opportunity contained in Tianjin capital market provides broader market for Tianjin Bohai Securities Co, Ltd. that will try its best to help inland enterprises to finance in Hong Kong. In order to develop together, taking financing as the starting point and establishing strategic league as the aim, we will cooperate with Hong Kong colleagues in the fields such as person, information, research, exchange and so on.
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