HONG KONG, Dec. 30, 2011 /PRNewswire-Asia/ -- Leading integrated securities enterprise Guotai Junan International Holdings Limited ("Guotai Junan International" or "the Company", with its subsidiaries "the Group", HKEx Stock code: 1788), today announced its shareholder, Guotai Junan Financial Holdings Limited ("Guotai Junan Financial"), through its subsidiary, Guotai Junan Assets (Asia) Limited ("Guotai Junan Assets"), which is licensed to carry on asset management business by the Securities and Futures Commission of Hong Kong ("SFC"), today obtained approval from the SFC to launch its first RMB Qualified Foreign Institutional Investor ("RQFII") product. Guotai Junan Assets is the first China based securities brokerage company commences this business.
Guotai Junan International has announced earlier that it obtained the Reply Letter in Relation to the Approval of Guotai Junan Financial for RQFII Qualification (Zheng Jian Xu Ke [2011] No.2068) (the "Approval") from the Chinese Securities Regulatory Commission authorizing Guotai Junan Financial the qualification as a RQFII.
"Today's authorization confirms the strategic significance of Guotai Junan Financial in Mainland financial reforms. With the central government implementing a number of measures to strength Hong Kong's position as a financial centre, Guotai Junan International as a platform for international development will leverage on the shared brand name and customer base of our parent company to reinforce the synergies of our core businesses and to broaden our institutional and retail client base, so as to provide a one-stop investment platform and comprehensive financial and investment management services for our clients. The Group's objective is to become a preferred broker for global investments. We commit to bringing fruitful returns to our shareholders," Dr. Yim Fung, Vice Chairman and CEO of Guotai Junan International said.
For enquiries, please contact:
| Porda Havas International Finance Communications Group | ||
| Alman Loong | +852-3150-6731 | alman.loong@pordahavas.com |
| Christine Gu | +852-3150-6792 | christine.gu@pordahavas.com |
| Fax: | +852-3150-6728 | |
