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Chinanews, Hong Kong, Aug 27 – Bank of China (BOC) Tianjin branch has started to launch service to help mainland investors1 to buy the stocks of Hong Kong. Registration2 work for this has begun on Monday. After it has transferred the registration information to Hong Kong, mainland investors can start buying Hong Kong Securities Exchanges stocks on Wednesday at earliest. By then, mainland investors can start to buy Hong Kong stocks online by accessing to BOC's website. Heavy investors can enjoy one-to-one financing service provided by professional consultants4, Hong Kong-based Wen Wei Po reported.
Since the Chinese government announced its decision to allow mainland investors to buy Hong Kong stocks, BOC Tianjin branch has always been busy. Information from the bank's four money management centers shows that by five o'clock Sunday evening, more than 1,000 mainland investors had made their registration at the bank. At the personal money management center in BOC's Shuijingcheng Branch bank, one of its customers, a lady working in Beijing, came to the bank on Sunday to do the registration after she was notified by the bank that she could buy Hong Kong stocks now. A bank clerk told her that the service could be launched within this week. They were still waiting for the notification issued by the higher-level bank. Once it has received the notification, the bank will inform the customer as soon as possible, said the clerk. Earlier, bank managers who were responsible for the personal wealth management services in the four BOC branch banks in Tianjin had all gone to the Hong Kong and BOC International in Hong Kong to learn about related information and operational procedures about stock buying in Hong Kong. After coming back to Tianjin, they passed on what they had learned in Hong Kong to the banks’ finance consultants, said a finance consultant3 at Yangguang 100 BOC branch office in Tianjin. At present, all the main staff who work at the personal wealth management centers in BOC branch offices in Tianjin have received a comprehensive training for mainlanders' stock buying business. Once the business is launched, these people can provide service for mainland investors, said Zeng Tao, general manager at the Shanghai Far East Securities Limited Tianjin Office.
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