Press release -
Phillip Securities To Offer China A-Shares Trading In Singapore
Phillip Securities Pte Ltd, a member of PhillipCapital, is proud to announce that for the very first time, Singapore retail investors will be able to trade China A- shares listed on the Shanghai Stock Exchange (SSE) through Phillip’s Online Electronic Mart System 2.0 (POEMS 2.0) once the Shanghai-Hong Kong Stock Connect (SHKSC) is launched. This comes as a result of the Chinese Government’s announcement in April 2014 to link the Shanghai and Hong Kong stock exchanges.
The launch of the SHKSC adds to Phillip Securities’ current offering of over 20 exchanges across 18 countries and more importantly, opens up the world’s 7th largest stock exchange to Singapore retail investors. Phillip customers can look forward to trading Chinese companies such as China Minsheng Bank, Kweichow Moutai, and Inner SAIC Motor Corp Ltd, all of which were previously not easily accessible by foreigners.
Mr Loh Hoon Sun, Managing Director of Phillip Securities, said “We are always looking for new ways to serve our clients better. The Shanghai-Hong Kong Stock Connect is a great opportunity that allows us to offer trading of China A-Shares to our clients. This latest initiative increases the benefits to all Phillip Securities clients, providing more trading opportunities and portfolio diversification options with a broker that they are already familiar with and confident in.”
“As we build and strengthen our trading platform, we continue to look for new opportunities to enhance user experience. One such example is to offer new market access to global exchanges, especially one as large and sought after as the Shanghai Stock Exchange China A-Share market”, he added.
From PhillipCapital Hong Kong, Dealing Director Mr. Louis Wong commented “Up to recent times, foreign retail investors are locked out from trading China A-Shares and as a result, some of the dual-listed H-Shares offered on the Hong Kong side are priced at a premium over their A-Shares counterpart. With the launch of the Shanghai-Hong Kong Stock Connect, we expect A-shares that are exclusive to the Shanghai Stock Exchange, such as the military or rare earths, to be noteworthy. These are areas we would be monitoring and more information will be shared in the upcoming seminar on the 17th October.”
Mr. Wong will be speaking, as part of Phillip Securities’ plan to educate customers on the China A-Share market, in a seminar entitled “What Investment Opportunities Will Shanghai-Hong Kong Connect Bring You?” happening on the 17th October 2014, Phillip Investor Centre, Raffles City Tower at 7:00pm. Key market trading information and promotions related to the China A-Share market will also be posted on the website prior to launch. More details on the seminar and on the SHKC can be found on our website www.poems.com.sg.
Topics
- Market, Stock market
Categories
- hong kong
- shanghai
- stock connect
- china a shares
- stock exchange
- shanghai hongkong
Established in 1975, PhillipCapital is a leading integrated Asian financial institution with network offices around the world, offering a comprehensive suite of innovative financial products and services to retail, institutional and corporate clients. Our comprehensive suite of financial services includes fund management, fixed income, unit trusts, insurance planning, investment research and broking in bonds, securities, futures, contracts for difference, foreign exchange, precious metals and commodities. Institutions can also benefit from our corporate finance and advisory services as well as information technology solutions.
Today, PhillipCapital operates in the financial hubs of 16 countries – Singapore, Cambodia, Malaysia, Indonesia, Thailand, Hong Kong, China, Japan, India, UAE, Sri Lanka, Turkey, United Kingdom, France, Australia and USA.
For more information, visit www.phillip.com.sg.
About Shanghai-Hong Kong Stock Connect
The Shanghai-Hong Kong Stock Connect is an initiative announced by Chinese Premier Li Keqiang in April 2014 to link up the stock exchanges of Shanghai and Hong Kong under a “Through-Train” programme, with two tracks namely: Northbound, where foreign investors can buy the once restricted A-Shares; and Southbound, where Chinese investors can buy shares listed in Hong Kong. In the 7th and 6th global ranking, with a market capitalization of USD 2.4 trillion and USD 3.1 trillion respectively for Shanghai and Hong Kong for year-end 2013, this new market access represents a major milestone in the global trading scene.
About China A-Shares trading on POEMS
China A-Shares trading via POEMS provides more choices for domestic and international investors into China, with growing counters of more than 500 stocks to choose from, they include index constituents of the SSE 180, SSE 380 index or dual-listed on both SSE and HKex.
As the pioneer in online trading platform in Singapore, POEMS aims to position itself as the market leader for SHKSC by bringing great benefits of a new market, the flexibility of trading anytime, anywhere with POEMS, and educational seminars.
To find out more information on SHKSC on POEMS, please visit http://www.poems.com.sg/globalmarkets/global_chn_a_share.html
About POEMS
Phillip’s Online Electronic Mart System, or more commonly known as POEMS, is the pioneer for Singapore's online share trading. Established by Phillip Securities Pte Ltd in 1996, it has undergone tremendous changes since then to better fulfil your needs whilst harnessing the power of modern technology.
The furious pace of change has meant that new products and services are continuously being evolved, with unsuitable products discarded whilst promising ones being improved upon. From the first generation of POEMS in 1.44 inch diskettes to the entire POEMS system being made available on the Internet, the idea is to allow you with better control of your own trades and be equipped with the essential tools to make a better investment decision.
For more information, visit www.poems.com.sg
About Mr. Louis Wong
Louis Wong, an experienced fund manager with over 25 years in the financial market, he is currently the Dealing Director of Phillip Securities (HK) Limited and Director of Phillip Capital Management (HK) Limited. He is also a part-time investment course instructor for City University of Hong Kong, Polytechnic University of Hong Kong and Lingnan University. Louis also fronts financial programs for Hong Kong Cable Television, HK Metro Radio, and the Putonghua Channel of Radio Television Hong Kong, which awarded him as the best financial analyst for 3 years. Author of 2 popular investment books, he was the financial columnist for Hong Kong Economic Times from 1989 to 2005.
