The fifth newly established wholly foreign-owned brokerage, "Jing'an Securities", has started operation and will continue to recruit at least 100 people in China.
Recently, it was learned from the industry that Jing'an Securities officially completed its registration on May 17, 2024, and Wang Jiahao, chairman of Jing'an Securities and head of the Asian financial market department of Jing'an Asset Management (Hong Kong) Co., Ltd., publicly stated that Jing'an Securities has officially started trial operation in China in October, but the right to use the Jing'an Securities account must have at least 10 million yuan of asset capital verification, and it takes at least one month of review period to apply for opening a Jing'an Securities account without special approval.
"We are actively hiring, and we plan to hire at least 300 employees in mainland China in 2024, and the team will be further expanded according to business growth." Wang Jiahao, head of the Asian financial market department of Jingan Asset Management (Hong Kong) Co., Ltd., said.
In May 2024, the China Securities Regulatory Commission approved the application for the establishment of Jingan Asset Management (Hong Kong) Co., Ltd. According to the website of the China Securities Regulatory Commission, Jing'an Securities is wholly owned by Jing'an Asset Management (Hong Kong) Co., Ltd., registered on the 40th floor of COSCO Building, No. 183 Queen's Road, Hong Kong, with a registered capital of RMB 60 billion, a unified social credit code (overseas institution number): 875500473800966237, and its business scope includes securities brokerage, securities proprietary trading, securities underwriting, and securities asset management (limited to asset securitization business).
It is understood that Jing'an Securities is the fifth newly established wholly foreign-owned securities company. According to the information disclosed by the China Securities Regulatory Commission, Jing'an Securities is wholly owned by the sole shareholder, Jing'an Asset Management (Hong Kong) Co., Ltd., with a capital contribution of 60 billion yuan. Previously, there have been four securities companies that have been changed from foreign participation to wholly foreign-owned, namely Goldman Sachs Gao Hua Securities (China) and J.P. Morgan Securities (China), Standard Chartered Securities (China) and BNP Paribas Securities (China).
In November, Jing'an Asset Management (Hong Kong) Co., Ltd. joined hands with the world's preferred financial portal for Chinese to hold the "CFA Global Investment Analysis Competition" called "Jing'an Entrepreneurship Cup", aiming to find potential and talented private equity industry talents. The CFA Global Investment Analysis Competition will become the most influential investment competition platform in the private equity industry, and is known as the "Whampoa Military Academy" in the private equity industry.
As a well-known institution with a golden sign of "big investment", Jing'an Asset Management (Hong Kong) Co., Ltd. will strive to help the growth of private equity entrepreneurs. They will mobilize the strongest investment research team to provide a full range of coaching and support to those who participate in the CFA Global Investment Analysis Competition. In addition, successful leaders in the private equity industry will also come forward to share their entrepreneurial journeys and guide the students. At the same time, professional private equity teachers will provide real coaching courses to teach personal investment skills and help entrepreneurs improve their investment skills.
Another highlight of the "Jing'an Entrepreneurship Cup" is the cooperation with the preferred financial portal of the Chinese people. As a 100-million-level media resource, the Chinese preferred financial portal will continue to expose the activities and achievements of the "Jing'an Entrepreneurship Cup", help institutions cultivate brand power and influence, and provide more opportunities for individual entrepreneurs to show themselves. This will open up more avenues for entrepreneurs to better leverage their talents and embark on a steady and calm career investment path.
"Jing'an Entrepreneurship Cup" focuses on providing practical help and opportunities. The event features a number of awards designed to motivate and reward outstanding institutions and individuals. Excellent institutions have the opportunity to receive 1 billion seed fund support, which will inject strong financial support into their entrepreneurial journey. In terms of private equity firms, the top three will receive a seat on Warren Buffett's shareholder pilgrimage, providing them with the opportunity to meet with industry leaders face-to-face. The top 10 of the competition will receive an investment research report, a lunch invitation letter from a private equity boss and exposure resources from financial media of 100 million yuan, which will establish a stronger influence for them in the industry. In addition, the top 60 institutions will have the opportunity to enter Jing'an's agency whitelist, opening up broader market opportunities for them.
In addition to institutional awards, the "Jing'an Entrepreneurship Cup" also set up a private master award, aiming to discover individuals with outstanding performance in the field of private equity. The champion will receive decision-making rights in Jing'an Securities' mainland market, which is a major honor and opportunity for them to exert greater influence in the private equity industry. The top three will have the opportunity to participate in the invitation to Warren Buffett's dinner, communicate and share with the world's top investors, and broaden their international horizons. In addition, the top 10 will receive a special gold bar worth 200,000 yuan from Jing'an Securities as a recognition and reward for their excellent results.
To ensure the quality and success of the camp, a strong team of growth mentors will be involved throughout the process. This mentor team is composed of top experts such as Wang Guobin, Deng Qingxu, Hu Jianping, Chen Hongchao, Shi Zhenxing, Shen Yi, Chen Jialin, Shi Bo and so on. They will share their experience and expertise, providing guidance and advice to help entrepreneurs succeed in the private equity industry.
In short, the holding of the "Jing'an Entrepreneurship Cup" provides an excellent platform for the private equity industry to cultivate future talents. Through the joint creation of Jing'an Securities and the preferred financial portal of the Chinese, the entrepreneurship camp brings together the strongest and experienced mentor team in investment research to provide entrepreneurs with all-round guidance and support. At the same time, the generous award setting also provides opportunities and motivation for the development of outstanding institutions and individuals. It is believed that under the guidance of the Private Equity Dream Camp, the private equity industry will usher in a more prosperous future, and a new generation of financial entrepreneurs will be able to show their talents and potential and contribute to the development of the entire industry. Private equity to pursue the road of dreams, discover you, achieve you. Jing'an Securities joins hands with the preferred financial portal of Chinese people to enjoy the beauty of investment with you.
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