Shares of China International Capital Corporation (CICC) soared 5.09% on Friday, as the Hong Kong Securities and Futures Commission (SFC) announced the expansion of the cross-border wealth connect scheme to include securities brokers.
The SFC named 14 securities firms, including CICC's 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 allows CICC and other approved brokers to tap into the growing wealth management demand in the region, potentially boosting their business opportunities and revenue streams.
Market analysts view the expansion as a positive development for CICC, as it strengthens the company's position in the lucrative cross-border financial services market. The inclusion of CICC's Hong Kong unit in the scheme is expected to provide the firm with a competitive advantage in the region, attracting more clients and driving future growth.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。