Credit Suisse Founder Securities Limited looks to expand its client base and enhance the onshore brokerage business with a move that targets China’s private fund industry.
Credit Suisse and its China securities joint venture Credit Suisse Founder Securities Limited (CSFS) have announced the launch of a new equity trading service that is tailored to domestic private securities investment funds, according to a media release Thursday.
CSFS will offer trading and execution services to selected domestic private securities investment funds, which include hedge funds, as well as to public mutual funds and qualified foreign institutional investors (QFIIs), renminbi-qualified foreign institutional investors (RQFIIs), and more through its Asset Management Brokerage Trading Terminal.
Business Opportunities
«China’s private fund industry has experienced robust growth as the regulatory environment continues to evolve. We will collaborate closely with CSFS to capture business opportunities and fully support both domestic and international investors with high-quality investment advisory services and superior execution capabilities,» Neil Hosie, head of equities for Asia Pacific at Credit Suisse, said.
Hosie added that Credit Suisse and CSFS are investing in talent and business resources to support the company’s expansion plans in China. Credit Suisse was among the first global banks to operate an onshore brokerage business with the opening of CSFS in November 2016.
