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Greenland sets up securities arm in HK
Print Edition
GREENLAND Financial Holdings Group, the investment arm of Shanghai-based real estate company Greenland Holdings Corp, has announced the establishment of a securities company as it seeks to diversify its business portfolio and fortify its presence in the industry.
Hong Kong-based Greenland (Asia) Securities Ltd will provide consultations on securities investment and manage securities and funds for clients.
For starts, the new company will set up an overseas Real Estate Investment Trust (REIT) with an initial investment of US$4 billion to US$6 billion. The fund will invest in logistics real estate, hotels and overseas property projects.
It will also establish an US$3 billion to US$5 billion equity investment fund and target health care, lifestyle and leisure sectors. It will cater to high net worth mainland individuals’ demand to allocate asset globally while also providing hedging services to investors in Japan, Europe and the Middle East, the company said.
“The establishment of Greenland (Asia) Securities will inject Greenland Finance with momentum to develop its overseas business and link capital market between mainland and Hong Kong,” said Geng Jing, chief of Greenland Finance.
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