For immediate release
Haitong International and RBS Sponsored“Sina and ETNet Hong Kong Stock Simulation Investment Game 2011” Winner Makes Twelvefold Return to Clinch Championship(Hong Kong, 5 September 2011) Haitong International Securities Group Limited (“Haitong International” or “the Group”, Stock Code: 665.HK) and the Royal Bank of Scotland Plc (“RBS”) co-sponsored the “Sina and ETNet Hong Kong Stock Simulation Investment Game 2011” jointly organized by Sina.com Finance Channel and ET Net News Agency Limited. The Competition has come to a successful end, and the response was overwhelming with over 6,000 contestants from Hong Kong and China. Finally, the winners from both HK Stocks and Warrants Categories were determined.
In spite of the European debt crisis that triggered fears in the global financial market, the winners, who participated in the competition from 20 June to 29 July, were not dampened by the then-weakening market sentiment at all. On the contrary, they managed to achieve outstanding performances with their well-thought out stock picking strategies. The competition started with contestants who were given a simulated capital of HK$2 million, split equally between stocks and warrants/CBBCs, to invest into these financial products. After six weeks of intense competition, Mr. Yang Yunwei from Jiujiang Province took the championship of the Stocks Category and achieved 82% investment return, from HK$1 million to HK$1.82 million, while Mr. Wu Haipeng from Hainan Province, who registered over twelvefold return to over HK$12 million, was named the Champion of the Warrants/CBBCs Category. They were awarded a cash prize of RMB30,000 in addition to a HK$10,000 commission rebate from Haitong International. Other winners also worked well and were awarded fabulous prizes.
Mr. William Lee, Executive Director and Joint Managing Director of Haitong International Securities Group Limited, said, “We are quite pleased to sponsor this meaningful competition to promote investor education across Hong Kong and Mainland China, and enhance the participants’ interest in investing in Hong Kong stocks and warrants/CBBCs. We are also excited about the enthusiastic response with over 6,000 entrants this season, which strongly reflects the keen interest of the mainland investors in the Hong Kong stock market. Through the competition, we hope the participants had gained more investment techniques and become better aware of risk management.”Mr. Terry Tsang, Director for Equity Derivatives & Structured Retail Sales of RBS, said, “Making the best use of warrants and CBBCs can add value to one’s overall investment portfolio, however, selecting the appropriate derivative tools requires a thorough understanding of the products. This competition helps investors enhance their knowledge in warrants and CBBCs by trial trading on a simulated online trading platform.”"It’s great to see that the winners have achieved astonishing performance in this season, generating1145% investment return in just six weeks. We shall continue to host similar competitions in future, with the aim of offering a sound platform for more investor education and exchange,” said Mr.Peter Chan, General Manager of ET Net News Agency Limited.“Differences between stock market operations in Hong Kong and China, coupled with capital flow restrictions, are the key constraints to the development of an efficient cross-market mechanism at the moment. We hope that through the simulated online platform offered for this competition, the mainland investors could get better knowledge in trading Hong Kong stocks,” Mr. Wu Yunfeng, Director of Product - Finance Channel of Sina.com, remarked.
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Haitong International Securities Group Limited
Haitong International Securities Group Limited (“Haitong International” or “the Group”; Stock Code: 665.HK; formerly known as Taifook Securities Group Limited), a subsidiary of Haitong International Holdings Limited (“Haitong International Holdings”), receives strong shareholder support. Haitong International Holdings is a company incorporated in Hong Kong and wholly owned by Haitong Securities Company Limited (“Haitong Securities”). Listed on the Shanghai Stock Exchange (SSE Stock Code: 600837.SH), Haitong Securities is one of the leading securities companies in China, providing comprehensive financial services for over 3 million clients and with sales offices spreading across 67 cities.
Established in 1973, Haitong International has been listed on the Hong Kong Stock Exchange since August 1996. The Group is well-known for providing total quality corporate finance, asset management and brokerage services to global and local institutional and corporate clients as well as individual investors. In more than three decades, the Group has managed to acquire profound international knowledge and experience in this constantly evolving global financial market. Leveraging its years of professionalism, innovation, solid foundation and reputation, Haitong International strives to become a leading global player in the industry, and a leader in the Greater China region.
The Royal Bank of Scotland Group
The RBS Group is a large international banking and financial services company. Headquartered in Edinburgh, the Group operates in the United Kingdom, Europe, the Middle East and Africa, the Americas and Asia, serving over 30 million customers. The Group provides a wide range of products and services to personal, commercial and large corporate and institutional customers through its two principal subsidiaries, The Royal Bank of Scotland and NatWest, as well as through a number of other well-known brands including, Citizens, Charter One, Ulster Bank, Coutts, Direct Line and Churchill.