Hot on the heels of HSBC Holdings, which announced last week that it is to start a new online application system for initial public offering (IPOs), Hong Kong Exchanges and Clearing Limited has said that it will launch its IPO service tomorrow (September 22).
It is expected that the new service will help attract more investment with its efficiency and convenience. Investors can view prospectuses, input application instructions and inquire about the instructions through the service, which will be offered round-the-clock and free to the public at www.hkiipo.com.
To apply for shares via the service, an applicant must either have a payment-by-phone account or bank with banks which participate in the Joint Electronic Teller Services Limited's payment network.
All personal information and transaction data are protected by encryption when transmitting over the Internet, said a spokesman for the Hong Kong Exchanges and Clearing. The Mass Transit Railway Corp (MTR) will be the first company to start selling shares to retail investors via this service. Its IPO gets underway on September 25.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment