-
Advertisement
Bank of China (BOC)

BOC broking arm targets institutions

Reading Time:1 minute
Why you can trust SCMP
SCMP Reporter

Bank of China Group Securities is seeking to further expand by courting more institutional clients and developing its merchant banking business.

It is also planning to upgrade its internal operations to handle more of parent Bank of China Group's in-house transactions generated by its 13 member banks.

BOC Securities has grown rapidly and is one of two brokerages with 10 seats on the Hong Kong stock exchange.

Advertisement

It was recently made one of the 14 Category A members of the stock exchange. Category A members are those brokerages with the highest turnovers.

Fung Chi-kin, vice-chairman of BOC Securities, said the company was processing only 70 per cent of orders placed by clients from the group's 13 banks.

Advertisement

The remaining 30 per cent had to be processed by brokerage firms outside the group.

Advertisement
Select Voice
Choose your listening speed
Get through articles 2x faster
1.25x
250 WPM
Slow
Average
Fast
1.25x