Two Chinese securities brokers, Qinghai Securities Co. and Huatai Securities Co., recently announced the opening of their on-line stock trading systems.
Qinghai Securities, based in Qinghai Province in western China, will provide on-line brokerage services through its website relatively small brokerage, the company plans to transform itself into the first in China with on-line trading as its main business.
Zhong Xiaojian, general manager of Qinghai Securities, said his company is trying to create a new way of developing for a small brokerage in an increasingly competitive market.
Huatai Securities Company, a broker-dealer based in Nanjing in east China's Jiangsu Province, is engaging in on-line trading through its website. The company claims that over the past month it has attracted 40, 000 on-line customers and brokered 100 million yuan (US$ 12.05) in on-line trading, accounting for 10 percent of its total brokerage value for the period.
Two Chinese securities brokers, Qinghai Securities Co. and Huatai Securities Co., recently announced the opening of their on-line stock trading systems.
