Hong Kong Immigration focuses on Hong Kong Immigration Economy: The Shanghai-Hong Kong Stock Connect is about to celebrate its first anniversary, and the Shenzhen-Hong Kong Stock Connect is also actively advancing, while Hong Kong brokers are accelerating their expansion into the mainland market, especially internet brokers. Futu Securities, a purely internet-based broker registered in Hong Kong, has established a presence in several cities in the mainland and has received two consecutive rounds of investment from internet giant Tencent and capital mogul Sequoia Capital.
In the Astock market, internet securities are facing challenges from Hong Kong brokers.
"Although the current channels for mainland residents to invest in Hong Kong and U.S. stocks are limited, there are still many direct investment leverage options besides the Shanghai-Hong Kong Stock Connect. The entry of Hong Kong-funded brokers is clearly competing with mainland investment institutions for business," said a broker who wished to remain anonymous in an interview with reporters.