Categories: Wire Stories

GTJAI Successfully Completed Transactions as One of the First Batch of Qualified Overseas Investors of “Northbound Trading of Swap Connect”

HONG KONG–(BUSINESS WIRE)–Guotai Junan International Holdings Limited (“Guotai Junan International”, the “Company” or “GTJAI”, stock code: 1788.HK) announced that its subsidiary Guotai Junan Securities (Hong Kong) Co., Ltd., as one of the first batch qualified overseas investors of “Northbound Trading of Swap Connect”, completed 14 transactions with the total amount of RMB240 million, on the first day (on 15 May) of the launch of “Northbound Trading of Swap Connect”. From “Bond Connect” to “Swap Connect”, GTJAI has been always firmly supporting the national financial opening-up policies, contributing to the deepening of connections between Mainland China and Hong Kong financial markets, and providing quality services for overseas investors to fully participate in China’s capital market.

About “Swap Connect”

On 4 July 2022, the People’s Bank of China (PBOC), Hong Kong Securities and Futures Commission (SFC) and Hong Kong Monetary Authority (HKMA) jointly announced to develop a new mutual access programme between Hong Kong and Mainland China’s interest rate swap markets, referred to as “Swap Connect”, with a pilot programme of “Northbound Trading of Swap Connect”. The so-called “Swap Connect” refers to the arrangement for both domestic and overseas investors to participate in Hong Kong’s financial derivatives market and Mainland China’s interbank derivatives market through the connection between Hong Kong and Mainland China’s infrastructure institutions. Meanwhile, “Northbound Trading of Swap Connect” allows Hong Kong and international investors to participate in Mainland China’s interbank derivatives market through the connection between Hong Kong and Mainland China infrastructure institutions in terms of trading, clearing and settlement.

About GTJAI

Guotai Junan International (“GTJAI”, Stock Code: 1788.HK) is the market leader and first mover for internationalization of Chinese Securities Company as well as the first Chinese securities broker listed on the Main Board of The Hong Kong Stock Exchange through initial public offering. It has also been included in FTSE4Good Index by London Stock Exchange of the United Kingdom. Based in Hong Kong, GTJAI provides comprehensive, diversified and high-quality integrated financial services. Core business includes brokerage, corporate finance, asset management, loans and financing, financial products, which cover three dimensions including individual finance (wealth management), institutional finance (institutional investor services and corporate finance service) and investment management. GTJAI has been assigned “Baa2” and “BBB+” long term issuer rating from Moody and Standard & Poor respectively. The controlling shareholder, Guotai Junan Securities Company Limited (Stock Code: 601211.SH; 2611.HK), is the comprehensive financial provider with a long-term, sustainable and overall leading position in the Chinese securities industry. For more information about GTJAI, please visit http://www.gtjai.com

Contacts

For Media and Investor Enquiry: ir@gtjas.com.hk
For Customer Service: (Tel: 4008 095 521 / (852) 2509 7524)

Alex

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