Welcome the new opportunity of financial opening up and Cathay Pacific Securities attack in all directions.

Welcome the new opportunity of financial opening up and Cathay Pacific Securities attack in all directions.

(Taiwan Business Daily News) in recent years, the government has actively promoted the new financial policy, focusing on financial services in free economic demonstration zones, opening up securities firms to operate international securities business branches (OSU), promulgating foreign exchange management measures for securities firms, and so on. This is the beginning of the new era of finance, which is a challenge for Taiwan's securities companies and the beginning of meeting short-time soldiers in the international market! The Financial Management Commission said that opening up securities firms to set up an international securities business branch (OSU), and a bank international financial business branch (OBU) to handle financial business, and switching to a "negative list" of commodity scope are all important opening contents of the financial industry free economy demonstration zone, and also an important milestone in the development of Taiwan's financial business.

In March this year, the first wave of securities firms approved by the government to handle international securities business, including 12 securities firms such as Cathay Pacific Composite Securities. Among them, Cathay Pacific Composite Securities is expected to launch international securities business in August this year. At the initial stage, it takes the brokerage business of the re-entrustment structure as the development axis, connects with the business opportunities for the development of international securities business, and sets up an overseas commodity supply platform. It is expected that the business model of securities firms will be successfully transformed from the traditional business model to a diversified asset allocation service model, which will help to increase the multi-oriented sources of income. In terms of underwriting business, we will cooperate with the decrees of the competent authorities and establish relevant mechanisms to seek international IPO underwriting cooperation cases as the goal.

In the development of international financial business, Cathay Pacific Comprehensive Securities is a rising star, actively cultivating strength, completing the integration and construction of three elements such as commodities, platforms and talents, and relying on team market sensitivity and financial expertise, once again find an opportunity for innovation and growth in the Red Sea. Cathay Pacific Composite Securities launched its re-entrustment business in August 2001 and officially entered a new field of international finance, and immediately achieved a break-even performance within one year of its opening, and in the first quarter of this year, the turnover of entrusted trading of foreign securities reached NT $14.6 billion, leaping to the fifth place among domestic securities firms.