Stock Track | CITIC Securities Soars on Cross-Border Connect Scheme Expansion

Stock Track

Nov 04, 2024

Shares of CITIC Securities Co. Ltd. (HKG:6030) surged 5.18% on Friday, closing at HK$25.80, as the Hong Kong Securities and Futures Commission (SFC) announced the expansion of its cross-border wealth connect scheme to include brokerages.

The SFC named 14 securities companies, including CITIC Securities' Hong Kong unit, that will participate in the scheme and offer cross-boundary investment services for investors in the Greater Bay Area comprising Guangdong, Hong Kong, and Macau.

The move is expected to boost CITIC Securities' cross-border business and attract more mainland Chinese investors to its services. As one of the largest brokerages in China, CITIC Securities is well-positioned to capitalize on the growing demand for cross-border investment opportunities in the region.

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Ltd. (HKG:6030) surged 5.18% on Friday, closing at HK$25.80, as the Hong Kong Securities and Futures Commission (SFC) announced the expansion of its cross-border wealth connect scheme to include brokerages.</p>\n\n<p>The SFC named 14 securities companies, including CITIC Securities' Hong Kong unit, that will participate in the scheme and offer cross-boundary investment services for investors in the Greater Bay Area comprising Guangdong, Hong Kong, and Macau.</p>\n\n<p>The move is expected to boost CITIC Securities' cross-border business and attract more mainland Chinese investors to its services. As one of the largest brokerages in China, CITIC Securities is well-positioned to capitalize on the growing demand for cross-border investment opportunities in the region.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"06030","symbol_name":"中信证券","start_time":0,"source_url":"","article_id":"1198986898","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1198986898","pubTimestamp":1730703987,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of CITIC Securities Co. 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