BNP Paribas partners with CLSA to ease access to China’s equity capital markets
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BNP Paribas partners with CLSA to ease access to China’s equity capital markets 23 November 2020Hong Kong Reporter: Maddie Saghir
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BNP Paribas Securities Services has partnered with CLSA as the latest partner broker for its multi approved partner (MAP) broker model for the China-Hong Kong Stock Connect scheme.
CLSA provides innovative products and services in asset management, corporate finance and capital markets, securities and wealth management to corporations, financial institutions, governments and individuals.
The MAP model allows investors to choose from a variety of brokers as well as guaranteed real delivery versus payment (DvP) settlement through internalised settlement in the local custody book of BNP Paribas in Hong Kong.
BNP Paribas explained the new CLSA partnership builds a strong bridge between China and global buy-side institutions via the MAP Model.
Julien Kasparian, head of BNP Paribas Securities Services Hong Kong, commented: “We are delighted to have CLSA join our MAP Model as a partner broker. To support our clients and their cross-border ambitions, we are continually growing the list of approved broker partners to enable institutional investors to invest in China through Stock Connect in the most efficient ways.”
Edward Park, CEO of institutional equities at CLSA, said: “China’s onshore capital markets continue to expand and attract foreign investment, as global indexes increase China's weighting in their equity and fixed income benchmarks, and direct investment becomes more accessible.”
Park added: “This partnership will enable BNP Paribas’ and CLSA’s clients to invest in Chinese equities based on our actionable and original research, with the security brought about by a market-leading custodian.”
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