Stock Track | GF Securities Soars on Cross-Border Connect Expansion

Stock Track

2024-11-04

Shares of GF Securities Co. Ltd. (01776) surged 5.18% on Friday, after the Hong Kong Securities and Futures Commission (SFC) announced the expansion of its cross-border wealth connect scheme to include securities brokers.

The SFC named GF Securities as one of the 14 securities companies that will participate in the scheme, allowing them to offer cross-boundary investment services to investors in the Greater Bay Area comprising Guangdong, Hong Kong, and Macau.

This move is expected to open up new business opportunities and revenue streams for GF Securities, as it can now tap into the growing demand for cross-border investment products in the region. Investors welcomed the news, driving up GF Securities' stock price in Friday's trading session.

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Ltd. (01776) surged 5.18% on Friday, after the Hong Kong Securities and Futures Commission (SFC) announced the expansion of its cross-border wealth connect scheme to include securities brokers.</p>\n<p>The SFC named GF Securities as one of the 14 securities companies that will participate in the scheme, allowing them to offer cross-boundary investment services to investors in the Greater Bay Area comprising Guangdong, Hong Kong, and Macau.</p>\n<p>This move is expected to open up new business opportunities and revenue streams for GF Securities, as it can now tap into the growing demand for cross-border investment products in the region. 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