Stock Track | CICC Shares Surge on Cross-Border Wealth Connect Expansion

Stock Track11-05

Shares of China International Capital Corporation (CICC) soared 5.09% on Friday, as the Hong Kong Securities and Futures Commission (SFC) announced the expansion of the cross-border wealth connect scheme to include securities brokers.

The SFC named 14 securities firms, including CICC's Hong Kong unit, that will participate in the scheme and offer cross-boundary investment services for investors in the Greater Bay Area comprising Guangdong, Hong Kong, and Macau. The move allows CICC and other approved brokers to tap into the growing wealth management demand in the region, potentially boosting their business opportunities and revenue streams.

Market analysts view the expansion as a positive development for CICC, as it strengthens the company's position in the lucrative cross-border financial services market. The inclusion of CICC's Hong Kong unit in the scheme is expected to provide the firm with a competitive advantage in the region, attracting more clients and driving future growth.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1153316031?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-05 00:28","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1153316031","market":"hk","top_or_hot":-1,"title":"Stock Track | CICC Shares Surge on Cross-Border Wealth Connect Expansion","media":"Stock Track","content":"<p>Shares of China International Capital Corporation (CICC) soared 5.09% on Friday, as the Hong Kong Securities and Futures Commission (SFC) announced the expansion of the cross-border wealth connect scheme to include securities brokers.</p>\n\n<p>The SFC named 14 securities firms, including CICC's Hong Kong unit, that will participate in the scheme and offer cross-boundary investment services for investors in the Greater Bay Area comprising Guangdong, Hong Kong, and Macau. The move allows CICC and other approved brokers to tap into the growing wealth management demand in the region, potentially boosting their business opportunities and revenue streams.</p>\n\n<p>Market analysts view the expansion as a positive development for CICC, as it strengthens the company's position in the lucrative cross-border financial services market. The inclusion of CICC's Hong Kong unit in the scheme is expected to provide the firm with a competitive advantage in the region, attracting more clients and driving future growth.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | CICC Shares Surge on Cross-Border Wealth Connect Expansion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | CICC Shares Surge on Cross-Border Wealth Connect Expansion\n</h2>\n\n<h4 class=\"meta\">\n\n2024-11-05 00:28 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of China International Capital Corporation (CICC) soared 5.09% on Friday, as the Hong Kong Securities and Futures Commission (SFC) announced the expansion of the cross-border wealth connect ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03908","symbol_name":"中金公司","start_time":0,"source_url":"","article_id":"1153316031","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1153316031","pubTimestamp":1730737723,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of China International Capital Corporation  soared 5.09% on Friday, as the Hong Kong Securities and Futures Commission  announced the expansion of the cross-border wealth connect scheme to include securities brokers.The SFC named 14 securities firms, including CICC's Hong Kong unit, that will participate in the scheme and offer cross-boundary investment services for investors in the Greater Bay Area comprising Guangdong, Hong Kong, and Macau. The move allows CICC and other approved broker","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"03908":"中金公司"},"translate_title":"股票赛道跨境财富通扩容中金股份大涨","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03908":1},"content_text":"Shares of China International Capital Corporation (CICC) soared 5.09% on Friday, as the Hong Kong Securities and Futures Commission (SFC) announced the expansion of the cross-border wealth connect scheme to include securities brokers.\nThe SFC named 14 securities firms, including CICC's Hong Kong unit, that will participate in the scheme and offer cross-boundary investment services for investors in the Greater Bay Area comprising Guangdong, Hong Kong, and Macau. The move allows CICC and other approved brokers to tap into the growing wealth management demand in the region, potentially boosting their business opportunities and revenue streams.\nMarket analysts view the expansion as a positive development for CICC, as it strengthens the company's position in the lucrative cross-border financial services market. The inclusion of CICC's Hong Kong unit in the scheme is expected to provide the firm with a competitive advantage in the region, attracting more clients and driving future growth.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1153316031"}