Guotai Global Assets Management Co., Ltd., a wholly-owned subsidiary of Guotai AMC in Hong Kong, has recently received two important licenses from the Hong Kong Securities and Futures Commission, i.e. Type 4 – Advising on Securities and Type 9 – Asset Management.

As a financial hub in Asia, Hong Kong enjoys mature regulations and well-established markets, and provides the platform of choice for Chinese financial institutions to interact with the rest of the world. Given the historic opportunities presented by opening of capital markets, mutual recognition of funds and Shanghai-Hong Kong Stock Connect, Guotai Global being granted these licenses allows Guotai AMC to extend its asset management strength into the new market territories.

Guotai Global was JIC’s first international business unit engaged in asset management and advising on securities. With these licenses, it can now raise funds and manage assets from overseas while investing directly abroad, making it a bridgehead for the group company to move into the overseas capital markets and go global.