Business introduction

FTFT International Securities and Futures Limited was established in 2010 and holds Class 1 (securities trading), Class 2 (futures trading), and Class 4 (providing advice on securities trading) regulated business licenses issued by the Hong Kong Securities and Futures Commission. Fuche Securities is committed to providing customers with comprehensive and high-level services, including stock brokerage, listed company allocation and rights issue, financial advisory, and Chinese dollar bond issuance services.

Stock broker

Provide global users with trading services for A-shares, Hong Kong and US stocks, futures, bull and bear contracts, as well as Hong Kong stock innovation and margin services; Support bank securities transfer for faster deposit and withdrawal; Having rich information and timely push industry and individual stock news, allowing customers to have a faster market sensitivity.

FTFT Securities Trading supports multiple client services to meet the operational habits of different users

●APP (Android, iOS): Search and download "FTFT Securities" in the app market“
●PC: suitable for professional investors
●Web version: meet more usage needs

DEBT capital market (DCM)

As a global coordinator, FTFT International Securities and Futures can tailor USD bond financing plans for domestic enterprises, while providing comprehensive and full process professional services, including assisting clients in developing declaration plans, due diligence services, rating and OC document services, bond underwriting, bookkeeping, and settlement services. In recent years, the capital market team of FTFT International Securities Futures Bond has gradually grown into one of the important participants of Chinese securities firms in the overseas US dollar bond market, and has accumulated a large number of resources in lawyers, auditors, and buyer investment institutions.
Issuing entity Mainly Chinese funded enterprises, including domestic financial institutions, state-owned enterprises (platform companies, state-owned enterprises), and leading private enterprises
invoicing currency According to the pricing currency classification, overseas issued bonds can be divided into overseas RMB bonds and overseas foreign currency bonds;
Overseas foreign currency bonds are mainly denominated in US dollars, but also include bonds denominated in other foreign currencies such as Hong Kong dollars, euros, Japanese yen, Singapore dollars, etc.
International Rating There is no mandatory requirement, and the decision to hire an international rating agency is usually based on whether the debt rating can reach investment grade;
Bonds with a rating result not lower than BBB - (S&P, Fitch) or Baa3 (Moody's) are investment grade bonds;
Bonds below this rating are non investment grade bonds, also known as high-yield bonds;
S& P. The investment grade ratings issued by Moody's and Fitch international rating agencies can significantly broaden the investor base and reduce financing costs.
bond duration US dollar bonds: (1) unrated bonds mainly with a maturity of less than 3 years; (2) Rated bonds can have a maturity of 5 years or more.
RMB bonds: mainly in the short and medium term, usually 2-3 years.
issuing rate According to the inquiry situation, the fixed or floating interest rate types can be determined through negotiation between the issuer and the lead underwriter.
IPO The places where domestic institutions issue bonds overseas are mainly in Hong Kong, and the Singapore Exchange is usually the main listing place for domestic institutions to issue bonds overseas.
Issuance scale Not limited by financial indicators such as net assets, generally determined based on the issuer's qualifications, creditworthiness, and investor recognition;
The usual issuance scale is RMB 1-6 billion (or equivalent in foreign currency).
Purpose of Funds According to the purpose recorded by the National Development and Reform Commission (if any)

Equity capital market (ECM)

FTFT International Securities and Futures is one of the most active professional financial institutions in the Hong Kong stock market, dedicated to providing targeted and comprehensive equity market services to clients from different industries, including IPO underwriting, allocation, stock pledge, custody and other services for Hong Kong listings. At the same time, due to a deep understanding of client needs, it provides more comprehensive financial services than traditional capital market services.
Chizicheng Technology (HK: 09911), which participated in the underwriting of Fuche International Securities Futures in 2019, was oversubscribed by 1600 times, with a first day increase of over 100%, becoming the new stock subscription king of Hong Kong stocks in 2019.