HONG KONG, Dec. 16, PRNewswire ChangBridge Technology has launched a "Zero Threshold OneStop Solution for Hong Kong Stocks" preferential plan for the securities industry. Based on the innovative "Securities as a Service" concept, it provides Hong Kong securities firms with a "onestop" system service solution that does not require any IT R&D costs, helping traditional securities firms to accelerate their transformation to "digitalization" and find new paths for Hong Kong securities firms to reduce costs, increase efficiency and grow business, and contribute to ending the "wave of business closures" in the industry.
Since 2021, the Hong Kong securities industry has been under continuous russia phone number list pressure of closure. Since , at least 33 securities firms in Hong Kong have chosen to cease operations, exceeding the total for the whole of 2023. This trend is due to the combined effect of many factors. The reduction in commission rates and insufficient trading activity pose challenges to the industry. At the same time, Internet brokerages have risen rapidly in recent years and have captured market share at an astonishing rate. Their influence and competitiveness cannot be underestimated. From the perspective of core characteristics, Internet brokerages have stronger "technological attributes".
Their Internetbased community operation model makes professional financial investment knowledge more accessible, which to a great extent fits the investment orientation of the younger generation and reduces dependence on the traditional securities broker model. In addition, Internet brokerages can meet a wider range of user needs, including premarket and aftermarket trading of U. stocks, night trading, and U. stock options trading, giving users more trading options.