Mansion House has lined up two partners to help it launch venture-fund products and an Internet-trading service for mainland B shares in Hong Kong.
The companies are Beijing-based China Securities and Sichuan International Trust & Investment Corp (Sitic).
Executive director Nelson Chan Hing-fung said the firm and China Securities were working out details to introduce the mainland's B-share trading to Hong Kong. The firm plans routing B-share orders placed through its Web site to China Securities for execution, Mr Chan said.
'Given the large discount to A shares, B shares have huge market potential,' Mr Chan said, pointing out that some B shares were at times traded cheaper than their A-share counterparts.
Unlike A shares, which are traded by mainland investors, B shares are only allowed to be traded by foreign investors. The firm will charge users the same commission mainland brokers use for the proposed online service, Mr Chan said.
In the mainland, stock brokers normally charge a commission of 1 per cent to 1.25 per cent of trades, compared with Hong Kong's minimum rate of 0.25 per cent.