KUALA LUMPUR, May 16 (Bernama) -- Guotai Junan International Holdings Limited (GTJAI) 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”.
In a statement, GTJAI said it completed 14 transactions with a total amount of 240 million yuan, on the first day (May 15) of the launch of “Northbound Trading of Swap Connect”. (100 Chinese yuan=RM64.65)
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.
"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.
Based in Hong Kong, GTJAI provides comprehensive, diversified and high-quality integrated financial services with core business includes brokerage, corporate finance, asset management, loans and financing, as well as financial products.
-- BERNAMA
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