Based in China, trad­ing in US stocks

Apps em­power share in­vestors to look be­yond Shang­hai, Shen­zhen and HK

China Daily (Canada) - - DEPTH - By MENGJING mengjing@chi­

A grow­ing num­ber of Chi­nese retail in­vestors with an in­ter­na­tional mind­set are seek­ing to di­ver­sify their port­fo­lios and glob­al­ize their risks amid un­cer­tainty over fu­ture growth prospects.

One op­tion gain­ing cur­rency is US-listed stocks, thanks to the emer­gence of mo­bile apps that of­fer global broking ser­vices.

For in­stance, the Tiger­bro­kers app helps in­vestors set up stock trad­ing ac­counts and buy/sell US stocks.

Sim­i­larly,, an In­ter­net plat­form of­fer­ing var­i­ous wealth man­age­ment prod­ucts, launched a new ser­vice in De­cem­ber to help Chi­nese in­vestors trade in USlisted stocks.

The num­ber of Tiger­bro­kers users has surged since the app’s launch in Au­gust 2015, when the startup re­ceived hun­dreds of mil­lions of yuan in its first round of fund­ing from Xiaomi Corp.

“In Novem­ber, in terms of new users per day, we gained about 10 times that in Au­gust,” said Wu Tian­hua, chief ex­ec­u­tive of­fi­cer of Tiger­bro­kers. Its monthly trans­ac­tions reached 3 bil­lion yuan ($456 mil­lion) in De­cem­ber.

“The worry over slow­ing growth world­wide and volatil­ity in global stock mar­kets are push­ing more Chi­nese in­vestors to di­ver­sify their in­vest­ments over­seas. They think it would be risky to put all their eggs in the Chi­nese bas­ket,” Wu said.

In the US stock mar­ket, in­vestors can not only buy long but sell short, which helps cut risk, he said.

He es­ti­mated about half-amil­lion Chi­nese in­vestors are into US stocks. Their num­ber is ex­pected to reach 700,000 by the end of this year.

“Many of China’s lead­ing In­ter­net firms, such as Alibaba Group Hold­ing Ltd and Baidu Inc, are listed in the US. Chi­nese in­vestors are keen to own

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