China Merchants Securities

Brokers flee HSBC for Chinese investment banks in Hong Kong

HSBC introduced a new remuneration system last year. Photo: AP

Dozens of former stockbrokers at HSBC have recently found new jobs at two rapidly expanding Chinese investment banks in Hong Kong after they left the British lender over disagreements on salaries.

Wednesday, 12 March, 2014, 5:04am 7 comments

Asian players develop an appetite for risky commodities trading

Wilson Wan, the head of China Merchant Securities (Hong Kong), is establishing a new unit for oil futures trading, focusing on the three mainland oil majors. Photo: Jonathan Wong

While Western financial giants have been exiting the high-risk, high-reward commodities trading business, capital-rich Asian firms, including state-owned banks and brokerages from China, have seized the opportunity to enter the market.

22 Jan 2014 - 12:40am 1 comment

China Merchant Securities eyes top 10 spot in Hong Kong market

Wilson Wan (right) and Sam Lee aim to make a difference and change the game in the city's investment banking sector. Photo: Jonathan Wong

China Merchants Securities plans to add about 100 jobs at its Hong Kong unit this year in a bid to become one of the top 10 investment banks in the city for equity and debt capital market business.

13 Jan 2014 - 9:39am

China Merchants Securities taps British market

Merchants Securities in Beijing.

China Merchants Securities, one of the mainland’s oldest and largest securities houses, has set up a subsidiary in Britain to expand into global capital and commodities markets, with a focus on derivatives – at a time when Western rivals are trying to scale back from a business that often comes with high profits and equally high risks.

12 Dec 2013 - 1:45am

CMS considering Hong Kong offering

China Merchants Securities, the mainland's No 6 brokerage by market share, is considering raising about US$1 billion in a Hong Kong listing or via a private placement next year, to fund its fast-growing business.

18 Jul 2012 - 12:00am

China Merchants Securities plans IPO

With mainland markets soaring, broker seeks to raise up to US$2b in domestic listing

China Merchants Securities has filed with mainland regulators for approval a domestic initial public offering expected to raise as much as US$2 billion, market sources said.

7 Jan 2008 - 12:00am

Cross-border buyers fix their sights on HK

More mainlanders are betting on Hong Kong-listed H shares as fears of further market corrections in Shanghai and Shenzhen increase and the nation's professional investors gear up to buy stocks in the city.

6 Jul 2007 - 12:00am

Stock rises as Baosteel projects surge in profit

Shares in Baoshan Iron & Steel rose 4.17 per cent to 10.99 yuan yesterday after the nation's largest steel producer estimated that first-quarter net profit would jump more than 1.5 times on the back of higher product prices.

11 Apr 2007 - 12:00am

China Merchants Securities bulks up for mainland listing

China Merchants Securities, the mainland's third-largest securities broker by equity capital, aims to list on a domestic stock market next year, according to executives.

The firm would prepare for the move by doubling the size of its branch network and acquiring a futures brokerage to expand market share amid industry consolidation, the executives said.

7 Sep 2006 - 12:00am