Futures News
- First mainland futures set foot in HK
Date: 30-May-2007 Sources: (Xinhua Online)
Green Futures (Hong Kong) Limited,a leading Chinese mainland-based financial group Tuesday announced that it becomes the first mainland futures starting business in Hong Kong after receiving permission from Hong Kong Securities and Futures Commission.
Analysts believe, Green Futures, the first out of 180 futures companies in the Chinese mainland, with its expanding business to Hong Kong is the fruit of the recently expanded Closer Economic Partnership Arrangement III (CEPA III), the provisions of the free trade between Hong Kong and Chinese Mainland, which allow for Chinese mainland securities and futures companies to run businesses in Hong Kong.
Wang Shuan-hong, Chairman and President of the Green Group, believed its establishment in Hong Kong will provide a strong platform for the group to speed up alignment with international markets.
While the Director-General of Investment Promotion at Invest Hong Kong, Mike Rowse, echoed that Hong Kong, aiming at strengthening its role of financial center of the region, wants to offer a highly mature financial market for qualifying mainland companies to develop closer ties with their Hong Kong and overseas counterparts and clients.
Sponsor Results:
