Profile picture: 2065438+February 2005, 65438+2005, Qianhai Financial Holdings signed an agreement with Bank of East Asia to form a joint venture securities company.

On June 30th, to celebrate the 20th anniversary of Hong Kong's return to the motherland, China Securities Regulatory Commission sent a special gift package: HSBC Qianhai Securities Co., Ltd. (hereinafter referred to as "HSBC Qianhai Securities") and East Asia Qianhai Securities Co., Ltd. (hereinafter referred to as "East Asia Qianhai Securities") were approved by China Securities Regulatory Commission.

HSBC Qianhai Securities is the first Hong Kong-owned securities company in the Mainland. The shares of Hongkong and Shanghai Banking Corporation Limited (hereinafter referred to as "HSBC") and Qianhai Financial Holdings Limited (hereinafter referred to as "Qianhai Financial Holdings") account for 565,438+0% of HSBC and 49% of Qianhai Financial Holdings respectively. East Asia Qianhai Securities was jointly established by Bank of East Asia Limited (hereinafter referred to as "Bank of East Asia"), Qianhai Financial Holdings and two other mainland companies, among which Bank of East Asia is the largest shareholder with a shareholding ratio of 49%.

It is reported that HSBC Qianhai Securities and East Asia Qianhai Securities are Hong Kong-owned holding securities companies approved by the China Securities Regulatory Commission under the framework of Supplementary Agreement 10 to the Closer Economic Partnership Arrangement (CEPA) signed by the Mainland, the Hong Kong SAR Government and the Macao SAR Government. Hong Kong-funded securities companies under CEPA have made three breakthroughs: First, they have broken through the restriction that foreign investors cannot hold shares, and both the absolute holding of HSBC and the relative holding of Bank of East Asia are major breakthroughs for foreign institutions to invest in the mainland financial sector; The second is to break through the restrictions of a single license plate. Unlike before, foreign securities companies could only obtain investment banking licenses, these two Hong Kong-funded institutions directly obtained a number of business licenses. Third, in the past, foreign investors could only set up investment banking subsidiaries with mainland securities companies, and the two Hong Kong-funded institutions were joint venture securities companies directly established with domestic non-financial institutions. If we add Hang Seng Qianhai Fund Management Co., Ltd., the first domestic Public Offering of Fund company controlled by Hong Kong capital, which was established in September 2065438+2006, the policy of opening to Hong Kong capital promised by China Securities Regulatory Commission under CEPA framework has been fully implemented in Qianhai. The three most influential Hong Kong-funded institutions, namely HSBC, Bank of East Asia and Hang Seng Bank, gathered in Qianhai, and the policy advantages of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone were brought into full play.