Southwest Securities International Securities Limited has been working on strategic adjustments involving its wholly-owned subsidiaries. Southwest Securities (HK) Capital Limited and Southwest Securities (HK) Futures Limited have submitted exit plans to the Securities and Futures Commission to cease their activities in advising on corporate finance and dealing in futures contracts, respectively. These plans are currently under review. Meanwhile, the company is emphasizing its focus on Type 1 (Dealing in securities), Type 4 (Advising on securities), and Type 9 (Asset management) regulated activities. The Group has also suspended its proprietary trading to strengthen risk management and plans to resume it based on market conditions. Southwest Securities (HK) Asset Management Limited, another subsidiary, has successfully engaged multiple clients for investment advisory services and business consulting on fund formation, signaling a shift towards expanding its investment management offerings.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.