Stock Track | Shenwan Hongyuan Surges on Inclusion in Hong Kong's Cross-Border Wealth Scheme

Stock Track

Nov 04, 2024

Shares of Shenwan Hongyuan Group Co. Ltd. (SWHY) soared as much as 12.20% on Friday, following the Hong Kong Securities and Futures Commission's (SFC) decision to include the company in its expanded cross-border wealth management connect scheme.

The SFC announced on Friday that it has named 14 securities firms, including SWHY's Hong Kong unit, to participate in the scheme and offer cross-boundary investment services for investors in the Greater Bay Area comprising Guangdong, Hong Kong, and Macau. Under the expanded program, SWHY and other selected brokers will collaborate with partner brokerages in mainland China to provide investment products and services across the border.

Analysts view this move as a significant positive for SWHY, as it opens up new business opportunities and revenue streams for the company as it taps into the growing wealth management market in the Greater Bay Area. The inclusion in the cross-border scheme is expected to bolster SWHY's financial performance in the coming years, driving the stock's rally on Friday.

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The inclusion in the cross-border scheme is expected to bolster SWHY's financial performance in the coming years, driving the stock's rally on Friday.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Shenwan Hongyuan Surges on Inclusion in Hong Kong's Cross-Border Wealth Scheme</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Shenwan Hongyuan Surges on Inclusion in Hong Kong's Cross-Border Wealth Scheme\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-11-04 21:32</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of Shenwan Hongyuan Group Co. Ltd. (SWHY) soared as much as 12.20% on Friday, following the Hong Kong Securities and Futures Commission's (SFC) decision to include the company in its expanded cross-border wealth management connect scheme.</p>\n\n<p>The SFC announced on Friday that it has named 14 securities firms, including SWHY's Hong Kong unit, to participate in the scheme and offer cross-boundary investment services for investors in the Greater Bay Area comprising Guangdong, Hong Kong, and Macau. Under the expanded program, SWHY and other selected brokers will collaborate with partner brokerages in mainland China to provide investment products and services across the border.</p>\n\n<p>Analysts view this move as a significant positive for SWHY, as it opens up new business opportunities and revenue streams for the company as it taps into the growing wealth management market in the Greater Bay Area. The inclusion in the cross-border scheme is expected to bolster SWHY's financial performance in the coming years, driving the stock's rally on Friday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"06806","symbol_name":"申万宏源","start_time":0,"source_url":"","article_id":"1119928773","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1119928773","pubTimestamp":1730727143,"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 Shenwan Hongyuan Group Co. Ltd.  soared as much as 12.20% on Friday, following the Hong Kong Securities and Futures Commission's  decision to include the company in its expanded cross-border wealth management connect scheme.The SFC announced on Friday that it has named 14 securities firms, including SWHY's Hong Kong unit, to participate in the scheme and offer cross-boundary investment services for investors in the Greater Bay Area comprising Guangdong, Hong Kong, and Macau. Under the ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"06806":"申万宏源"},"translate_title":"股票赛道申万宏源因纳入香港跨境财富计划而飙升","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"06806":1},"content_text":"Shares of Shenwan Hongyuan Group Co. Ltd. (SWHY) soared as much as 12.20% on Friday, following the Hong Kong Securities and Futures Commission's (SFC) decision to include the company in its expanded cross-border wealth management connect scheme.\nThe SFC announced on Friday that it has named 14 securities firms, including SWHY's Hong Kong unit, to participate in the scheme and offer cross-boundary investment services for investors in the Greater Bay Area comprising Guangdong, Hong Kong, and Macau. Under the expanded program, SWHY and other selected brokers will collaborate with partner brokerages in mainland China to provide investment products and services across the border.\nAnalysts view this move as a significant positive for SWHY, as it opens up new business opportunities and revenue streams for the company as it taps into the growing wealth management market in the Greater Bay Area. 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