FC Securities strives to provide distinctive financial services
First Capital Securities is a wholly owned subsidiary of China First Capital Group, a licensed corporation of the Securities and Futures Commission of Hong Kong.
Since its opening in February 2016, FC Securities has been perfecting its businesses, and has launched online and mobile platforms for trading stocks through the Hong Kong Stock Exchange. It also launched platforms for trading stocks listed on bourses in the United States, Japan, Singapore and Australia.
FC Securities has been authorized for official operation through the Shanghai-Hong Kong Stock Connect platform and has also become one of the participants of the ShenzhenHong Kong Stock Connect platform.
It has been licensed by the Securities and Futures Commission of Hong Kong to engage in the margin financing business, thereby providing customers with more comprehensive services. China’s 13th Five-Year Plan (2016-20) supports the increased interconnectivity between the financial markets of the mainland and Hong Kong.
The launch of the Shenzhen-Hong Kong Stock Connect in December 2016 marked a new era of the interconnection between the two capital markets.
The removal of aggregate quotas for investment through the Shanghai-Hong Kong Stock Connect in August 2016 is expected to positively impact FC Securities.
He Yaobin, deputy CEO of China First Capital Group, said: “Since the beginning of this year, new listings in the Hong Kong Stock Exchange and the secondary securities market have been relatively active. FC Securities aims to seize the opportunities presented by the favorable national policies related to the stock market in order to further expand the securities trading business, with the aim of providing financial support for China First Capital Group’s education investment initiatives, while offering investors diversified investment channels so they can capture more investment opportunities.”
In addition to the securities trading services provided to individual customers, FC Securities also offers share underwriting and placing services for listing applicants and listed companies alike. In 2016, FC Securities undertook the underwriting of shares for three listed projects on the Hong Kong Exchanges and Clearing Limited — Human Health, China Golden Classic and Postal Savings Bank of China.
The company has completed the underwriting of four new shares issues in the first four months of this year, comprising three listed companies in the education field, Yuhua Education, Minsheng Education and China New Higher Education Group, and Xinglu Water, a water supply and wastewater treatment service provider.
On the ranking list of securities dealers according to IPO proceeds raised for the first half of 2017, published by Bloomberg, FC Securities had a market share of 2.39 percent.