Institutional Sales
In 2006 BOCI's Institutional Sales went from strength to strength. It successfully completed six IPOs, in which it either took a sole or joint lead, and most of these companies have seen significant gains in the first months of trading. BOCI's secondary business also saw strong development with a large number of global pensions, mutual and hedge funds commencing trading with the company.
BOCI provides a wide range of services covering stocks in the "H" and "A" share markets that few other brokerages are able to cover in such depth. Our corporate access continues to grow and, so far this year, we have been with a number of companies to visit institutional investors around the world: These include Hunan Nonferrous Metals, China Resources Land, Bank of China, Cafe de Coral, Digital China, Fujikon, Karrie International, Lingbao Gold, Nine Dragons Paper, and BOC (HK) etc. We are able to provide extensive access to companies across China and our sales force regularly organizes visits to companies in Shanghai, Beijing, Xi'an, Chongqing, Xiamen, Shenzhen and other business and financial centres. We have a full service office in London and opened a sales office in New York in September 2006 to cater to the US client base.
As one of the largest players in retail broking business in Hong Kong, BOCI provides an array of multi-market investment products to clients, including equities and futures listed in Hong Kong, US, Japan, Singapore, Italy, Canada, UK and Germany. It also offers options, treasury bonds, corporate bonds, equity-linked investment products and equity-linked notes, and provides margin financing for primary and secondary placements. In addition, order execution services for the group members of the parent company is provided.
BOCI's excellent performance has earned several recognitions. It was named "The Best Brokerage Firm" by The Asset in 2003 and "The Best Brokerage Firm in China from 1990 to 2004" by AsiaMoney in 2004.
Trading: Securities Investment Advisory, Stock Execution Services
BOCI is actively expanding its client base in overseas markets, including South-East Asia, Japan and the Middle East, where there is strong interest in Chinese equities. Since 2003, BOCI has been providing stock execution services via straight through processing to major brokerage firms in Japan and Singapore.
The State Administration of Foreign Exchange (SAFE) announced on 20 August 2007 that mainland individuals could invest in securities traded on The Stock Exchange of Hong Kong Limited with self-owned or purchased foreign currency, through BOCI and BOC Tianjin Binhai New Area Branch.
Research: Securities Investment and Macro Economy Research
BOCI has one of the most active China-specialist investment research teams in global capital markets. Drawing upon the unique advantages of these highly experienced research analysts, BOCI offers its clients in-depth research reports, with unparalleled strengths in China-related intelligence. Today, its research reports offer comprehensive insights into the China's economic environment, its key sectors and major enterprises, and future market trends, with particular focus on H-shares and A-shares.
BOCI's investment research has made significant progress in recent years and has the broadest in-depth cross-border coverage of the Hong Kong and China stock universe in the market, including over 190 companies listed in HK (including H-shares and red chip) and over 140 domestically listed A-shares.
It was ranked number one in an Analyst Survey (HK and China Region) jointly organized by the South China Morning Post and rating agency StarMine. It was also placed 7th in the survey for the Pan Asia Region. These two awards bear testimony to the strength and capabilities of BOCI research team.
In the first half of 2006, on top of regular stock coverage, BOCI published research reports for the IPOs of Bank of China Limited, Lingbao Gold and China Communication Construction. It also successfully promoted its reports to international fund managers in the Europe, Hong Kong and Singapore as well as domestic fund managers in China.
