“According to Hong Kong Oriental Daily，Local Hong Kong securities firms rarely buy，At the end of last month, Quam International (00952) announced that it had sold to China Oceanwide Holdings, a conglomerate, for approximately HK$1 billion.，Another transaction involving a listed Hong Kong securities firm selling orders to Chinese investors。An "Old Xingzun" who has been in the securities industry for many years believes that，After the opening of Shenzhen-Hong Kong Stock Connect，Chinese capital will enter Hong Kong’s securities industry at an even faster pace，Hong Kong securities firms lack competitiveness，It is more difficult to escape the fate of being acquired by Chinese capital。
Hua Fu International announced on October 28，At a cost of approximately 1.096 billion yuan，Sold 51% of the entire issued share capital to Oceanwide Holdings，The price is approximately 16% higher than the closing price of the stock on that day.。Huafu International has fully licensed stock and asset management businesses，It can be seen that Chinese companies are still very interested in local fully licensed securities firms.。
in fact，In the past, the control of major Japanese securities firms such as Tai Fook Securities and Sun Hung Kai Financial has changed hands.，In the past two years, four have been acquired by Chinese companies，Including Dunpei Financial, which has been renamed as Southwest Securities International (00812), etc.。Dong Wei：Countless small and medium-sized securities firms that are considering selling their companies rather than listing them have been acquired.，Even the industry's "old businessmen"、Zhongli Stock Chairman Dong Wei is considering selling the company he has worked on for many years：“I’ve been thinking about retiring since the beginning of the year!
Company employees will keep whatever they can，But since it’s the management right, we’ll have to wait and see if it changes hands.。"He pointed，Because the Hong Kong stock market is not yet clear，The P/E ratio of local brokerages is low，Increased chances of mergers and acquisitions in the future；In addition, with the upcoming opening of Shenzhen-Hong Kong Stock Connect,，Chinese securities firms come to Hong Kong to “plant their flags”，"It is more convenient to buy a Hong Kong-funded securities firm to do business."。
Another industry veteran、Zhang Tiansheng, permanent honorary president of the Hong Kong Securities Association, pointed out，Chinese securities firms have ample funds and “can afford to lose money”，Don’t mind acquiring listed companies at a higher cost，To expand the customer base in the China-Hong Kong interconnection business。Zhang Tiansheng revealed，"Many Chinese companies do not understand the regulatory differences between China and Hong Kong.，Acquire an existing building to maintain its operations，The cost is better than doing it yourself.。
"Mrs. Cai：It is more efficient than Shenpai. Cai Chenbaoxin, chairman of Zhongrun Securities, also pointed out that，Acquiring a company is more efficient than applying for a license："You have to wait until you reach adulthood to apply for a license.，Zhong Yao established the company from scratch、Overhauled some systems、Invite some guys，Chinese companies have a lot of money again，It's better to just buy a ready-made one! ” she pointed，Local brokers have experience with Shanghai-Hong Kong Stock Connect，You will be more familiar with the operation after both cities are interconnected with Hong Kong.，This is also an important selling point for Chinese investors to acquire Hong Kong securities companies.。
Several senior practitioners believe that，After the opening of Shenzhen-Hong Kong Stock Connect，It will be helpful to securities companies in the short term.。However, Hong Kong-funded securities companies, especially small securities companies，It is difficult to match the network and resources of Chinese securities firms and companies，Cannot escape the fate of being eliminated。
Yiocai Securities (01428), which was rumored to be selling earlier, also issued a clarification notice，Refers to the company reviewing its strategic opportunities or offers from time to time，to enhance its value to shareholders，But no offer of any kind has been received yet，It is expected that after the opening of Shenzhen-Hong Kong Stock Connect，Chinese capital will enter Hong Kong’s securities industry at an even faster pace，Hong Kong securities firms will buy rare shares。”
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