Southwest Securities Liao Qingxuan: The Internationalization Of Securities Companies Is The Only Way To Go.

Qing Xing Liu

In December 5th, sponsored by the central broadcasting and television station, Guangdong, Hongkong and Macau, the headquarters of the big bay and the southern financial and all media group, in twenty-first Century, the "China's capital market for innovation and opening up" - the 2019 Southern financial international forum held by the economic report in twenty-first Century, Qing Xuan, secretary and chairman of the Southwest Securities Committee, pointed out that the opening policy of China's capital market will continue to be implemented steadily in the future, and the degree of interconnection between domestic and foreign markets will continue to deepen. For the future development of domestic securities industry, he gave the following three points.

First of all, with the two-way opening of the market, new market participants, new products and services, new institutional mechanisms and management tools will be followed. These new elements will stimulate domestic investment banks, information management, investment, wealth management, research and construction business in all directions to create new development space and imagination.

Secondly, the new competitive environment will promote domestic brokerages to speed up their cross-border service capabilities and enhance their international business level. The opening of the capital market will drive domestic brokerages to take advantage of two domestic and international markets and two kinds of resources to serve customers.

Finally, the introduction of the leading international financial institutions will drive domestic brokerages to accelerate transformation and development, and create modern investment banks with international competitiveness to enhance the overall business and management level of the domestic securities industry. International excellent investment banks have extensive business and management experience in customer integrated services, product innovation, compliance control and so on, which will provide a good example for domestic brokerages. Drawing on and absorbing advanced experience in international capital market will help China's securities industry to enhance its overall competitiveness.

In the face of new opportunities in the capital market, Southwest Securities will be based on the geographical advantages of Western opening to the outside world, based on the original location of the financial service entity economy, adhering to the strategic guidance, actively serving the national strategy and fully integrating into the "one belt and one road" construction. Liao Qingxuan said.

According to him, the next step will be Southwest Securities, which is a wholly licensed subsidiary in Hongkong. It will highlight Xi's international expertise in investment banking, asset management and other fields, and use west certificate international as a window and fulcrum for overseas business. This platform will pry, expand and connect business opportunities for other international regions.

At the same time, Southwest Securities will continue to take an active part in the strategic interconnection and demonstration projects between China and Singapore, taking advantage of Chongqing's regional policy advantages, strengthen cooperation with financial institutions in Singapore, explore opportunities for development of the company in the Singapore market, and gradually conduct business radiation to other Southeast Asian economic hotspots.

In addition, we should study and explore the characteristics and complementarity of the two markets and industries in China and Europe, and achieve cross effects through resource integration, such as bringing together the domestic advanced manufacturing enterprises to go to the Frankfurt stock exchange in Germany or the central Europe, and to seek the combination of the high tech Industrial targets in Europe and the transformation and upgrading needs of the entities in the country.

"The company is actively applying for QFLP (qualified overseas limited partners) and QDIE (qualified domestic investment enterprises) and other cross-border capital licences, based on optimizing capital access and actively attracting overseas funds to participate in China's economic development and industrial upgrading process, while guiding quality enterprises and quality projects to go abroad." Liao Qingxuan said.

He said that Southwest Securities will also help enterprises expand domestic and foreign financing channels, such as A shares, H shares, shares, D shares, etc., to realize the listing of enterprises in the corresponding regional stock market, and issue us dollar bonds and other ways to raise funds.