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News (5/89)
CLSA and BNP Paribas Securities Services partner to ease access to China’s equity capital markets via Stock Connect
CLSA and BNP Paribas Securities Services partner to ease access to China’s equity capital markets via Stock Connect
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CLSA and BNP Paribas Securities Services partner to ease access to China’s equity capital markets via Stock Connect

23/11/2020


BNP Paribas Securities Services today confirmed CLSA as its latest partner broker for its Multi Approved Partner Broker (MAP) Model for the China-Hong Kong Stock Connect scheme.

The MAP model allows investors to choose from a variety of brokers whilst benefiting from guaranteed real delivery versus payment (DvP) settlement through internalised settlement in the local custody book of BNP Paribas in Hong Kong.

The partnership between BNP Paribas and CLSA builds a strong bridge between China and global buy-side institutions via the MAP Model. CLSA is renowned for providing global investors with original equity research on Asian companies, markets and themes. Thanks to CLSA’s affiliation with CITIC Securities, China’s leading securities company and largest underwriter of Chinese debt and equity, clients can easily access and invest into China.

Julien Kasparian, Head of BNP Paribas Securities Services Hong Kong, said:

“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 into 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. 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.”

CLSA provides differentiated and innovative products and services in asset management, corporate finance and capital markets, securities and wealth management to corporations, financial institutions, governments and individuals.

BNP Paribas Securities Services is a leading global custodian with USD 11.3 trillion in assets under custody[1]. BNP Paribas was the winner of the Best Custodian for Stock Connect[2] from The Asset Triple A Asian awards 2019, and Custodian bank of the Year 2020 and Clearing Bank of the Year 2020 from The Asia Risk[3].

[1] Source : BNP Paribas Securities Services’ website, as of 30 June 2020
[2] Source : The Asset Triple A Asset Servicing, Institutional Investor and Insurance Awards 2019
[3] Source: https://www.risk.net/awards/7673841/clearing-bank-of-the-year-bnp-paribas

-Ends-

Press Contact:

Caroline Lumley  caroline.lumley@uk.bnpparibas.com  +44 (0)20 7410 4650

twitter_logo.jpg BNP Paribas Securities Services on Twitter - @BNPP2S

Marylene Guernier  marylene.guernier@clsa.com  +852 2600 7976

twitter_logo.jpg  CLSA on LinkedIn - https://www.linkedin.com/company/163114/

twitter_logo.jpg CLSA on Twitter - @CLSAInsights

 

About BNP Paribas Securities Services (www.securities.bnpparibas.com)

BNP Paribas Securities Services, a wholly owned subsidiary of the BNP Paribas Group, is a leading global custodian and securities services provider. Backed by the strength of the BNP Paribas Group, we provide multi-asset post-trade and asset servicing solutions for buy and sell-side market participants, corporates and issuers. With a global reach covering 90+ markets, our network is one of the most extensive in the industry, enabling clients to maximise their investment opportunities worldwide.

As of 30 June 2020, BNP Paribas Securities Services had USD 11.3 trillion in assets under custody, USD 2.7 trillion in assets under administration and 10,805 funds administered[4].

About CLSA  (www.clsa.com)

CLSA, CITIC Securities’ international platform, provides global investors and corporates with insights, liquidity and capital to drive their growth strategies.

Award-winning research, an extensive Asia footprint, direct links to China and highly experienced finance professionals differentiate our innovative products and services in asset management, corporate finance, equity and debt capital markets, securities and wealth management.

As part of CITIC Securities (SSE: 600030, SEHK: 6030), China’s leading investment bank, CLSA is uniquely positioned to facilitate cross-border capital flows and connect China with the world and the world to China.

CLSA operates from 22 cities across Asia, Australia, Europe and the United States. For further information, please visit www.clsa.com.

[4] Source: BNP Paribas Securities Services’ website


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