China Renaissance picks Broadridge for post-trade processing via Stock Connect
To facilitate the clearing and settlement of both Shenzhen- and Shanghai-listed equities, China Renaissance has expanded its post-trade processing relationship with Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, via Stock Connect.
The successful expansion announced today builds on the solutions China Renaissance have offered clients in equity trading via Stock Connect, with Broadridge’s post-trade solution implemented in March 2020. This expansion is in addition to the Hong Kong-listed equities processing Broadridge successfully has provided to China Renaissance since 2016.
As part of the growing relationship, both firms are jointly planning for upcoming market and regulatory changes, such as Hong Kong Exchange’s (HKEX) Synapse program and FINI (Fast Interface for New Issuance) proposal, which aims to replace the existing “T+5” process with “T+1” for newly listed shares on HKEX.
China Renaissance provides one-stop financial services across mainland China, Hong Kong and the United States, serving new economy entrepreneurs and investors globally. To realize its growth ambitions, China Renaissance selected Broadridge for its robust solutions that provide global scale and allow for multi-asset capabilities. As a progressive, innovative brokerage firm, China Renaissance is well advanced in its preparations for ongoing market changes in order to provide their clients with best-in-class services and access to global markets.