China Finance Online Co. Limited (NASDAQ GS: JRJC), a leading web-based financial services company that provides Chinese retail investors online access to securities, commodities and wealth management products, today announced that it has entered into a strategic partnership agreement with China International Capital Corporation Limited, which is a top global securities and investment firm from China.
Mr. Zhiwei Zhao, Chairman and CEO of China Finance Online, commented: “We are happy that CICC chose China Finance Online as its strategic partner to extend its online brokerage business. We believe this success demonstrates the superior technical innovation as well as capital market and online brokerage experience that underlie our ability to make online brokerage services in China a reality.”
He went on to state: “Looking ahead, we will continue to leverage our unique advantages and forge win-win partnerships to build an investment ecosystem in China that offers beneficial investment services to China’s growing population of retail investors, and support our ability to expand our market-share and generate returns for our shareholders and partners.”
It is likely in the future a company such as China Finance is ripe to enter the retail FX brokerage market under the right set of circumstances. Not only do they speak the language and already have the infrastructure in place regulatory wise, but also a built in client base. LeapRate will continue to closely monitor brokerage developments springing from the Chinese mainland.
About China International Capital Corporation Limited
China International Capital Corporation Limited (CICC) was established in July 1995 as a strategic partnership among prestigious Chinese and international financial institutions. CICC has a registered capital of US$225 million. As the first joint venture investment bank in China, CICC is a leader in providing comprehensive financial services including investment banking, capital markets, institutional and individual securities sales and trading, fixed income, asset management, private equity, wealth management and research. Headquartered in Beijing, CICC has set up three branches in Shanghai and Shenzhen, several subsidiaries in mainland China, and securities brokerage branches in 18 cities such as Beijing, Shanghai and Shenzhen. In line with increasing business diversity, the company is actively expanding overseas while consolidating its Chinese base in Hong Kong, New York, London and Singapore.
About China Finance Online
China Finance Online Co. Limited is a leading web-based financial services company in China. The company provides Chinese retail investors with online access to securities, commodities and wealth management products, as well as financial database and analytics services to institutional customers. The Company’s two prominent flagship portal sites, www.jrj.com and www.stockstar.com, are ranked among the top financial websites in China. In addition to the web-based securities trading platform, the Company offers basic financial software, information services and securities investment advisory services to retail investors in China. Through its subsidiary, Shenzhen Genius Information Technology Co., Ltd., the Company provides financial database and analytics to institutional customers including domestic financial, research, academic and regulatory institutions. China Finance Online also provides brokerage services in Hong Kong. For more information, please visit https://www.chinafinanceonline.com/.