The closely watched Xiaomi Group’s listing in Hong Kong not only attracted the attention of many investors, but also became an important battlefield for securities companies to compete for mainland investors to open Hong Kong stock accounts. As the mainland and Hong Kong’s interconnection channels have not yet opened new shares, only A Investors in stock accounts and Hong Kong Stock Connect accounts still cannot play Newport stocks and must have trading accounts for Hong Kong stocks.
To this end, a number of brokerage companies launched a variety of preferential activities, and have sufficient funds to attract investors to subscribe to the millet group. However, as of yesterday's press conference, Xiaomi Group's marginal subscription was lower than expected, and the Securities Daily correspondent’s statistics accumulated 14 brokerage firms. Borrowing out about HKD 9.764 billion, it is only equivalent to 3.06 times over purchasing.
Brokers make new moves
From June 25 to June 27, the Xiaomi Group went public in Hong Kong for IPO. For the average investor, the most direct way to participate in Xiaomi is to hit a new one for three days. To attract new investors, various Hong Kong brokers and Mainland background brokers have launched new initiatives, including up to 20 times the financing business, send cash to send bracelets, and even countersigned customers pumping millet 8 mobile phones and other activities.
Among them, Haitong International's iBest launched a 0 subscription fee, financing subscription interest rate as low as 2.98%, and also sent Xiaomi Sports Bracelet or Business Backpack; Zhongtai International stated that, unlike generalized financing with a leverage of around 10 times, China International Customer's non-threshold financing leverage can be up to 20 times; Tiger Securities also launched the successful investors to participate in the sweepstakes, the prize is the latest millet 8 mobile phones, new users can get 218 Hong Kong dollars in cash.
In addition to the large variety of gifts, brokerage firms are also equipped with 'ammunition'. According to incomplete statistics, Yaotai Securities and other six brokers have reserved about HK$130 billion for the Xiaomi Group to prepare for the exhibition. Among them, Yaocai Securities Reserves up to HK$60 billion, Haitong International reserves about HK$20 billion, Phillip Securities reserves approximately HK$20 billion, Prudential Securities reserves approximately HK$14 billion, and Guotai Junan reserves approximately HK$10 billion, while CFSoft reserves a reserve of approximately HK$20 billion. 8 billion Hong Kong dollars.
Guotai Junan lends the most
Although the brokers did their homework for the Xiaomi Group's listing in Hong Kong, the subscription may be lower than expected.
Xiaomi Group closed the margin show (margin) at noon yesterday. 14 securities companies have accumulated more than HK$9.7 billion in total lending, which is equivalent to 3.06 times over-purchasing. Prior to this, the industry generally expected Xiaomi Chaochao to purchase about 5x to 10x. About 24 billion Hong Kong dollars.
Among them, the most borrowed Guotai Junan has initially borrowed HK$3 billion. However, the company also admitted that the external market conditions were overcast and the major customers either reduced their bets at the last minute or even took the flight. As for the approximately HK$1.4 billion pumped out For CFSG (with a total amount of approximately HK$1.3 billion), a spokesperson explained that the market sentiment has been slow recently and technology stocks have taken the brunt. Some customers have retired, but some large customers have switched to cash. A total of about 100 million Hong Kong dollars.
In addition, 12 securities companies including Futuo Securities and other securities companies have accumulated a total amount of approximately HK$5.4 billion. The above 14 securities companies have accumulated a total amount of approximately HK$9,764 million. The brokers therefore reminded those who are eligible for zero-cost or interest-free coupons to guard against doubts. The lottery is far more than expected, and funds must be reserved to make up the difference.