Margin financing for high net worth individuals is now available at HSBC’s onshore China unit.
HSBC Qianhai Securities has officially launched its margin financing business for high and ultra-high net worth customers in mainland China, according to a statement. This will complement the onshore unit's other existing businesses including brokerage trading and investment research.
«This launch further strengthens our capability to offer local expertise to clients with a global perspective, reaffirming our commitment to helping clients with more flexible and diversified investment strategies, to better capture local capital market opportunities,» said Samuel Chen, head of global private banking at HSBC Qianhai Securities.
HSBC continues to steadily expand its business in mainland China. Earlier this month, it secured a license to provide fund custody services onshore.
