Hong Kong, mainland China’s US$1.8 trillion stock boom sparks rush of millennial investors

Quick Summary:

An influx of young investors has overwhelmed some online trading platforms, leading some to opt for physical branches to open accounts to cash in on potential gains.

Some found that to be quicker with the help of the staff.“It is interesting to see many young investors, in their 20s and 30s, visiting branches of some of the oldest brokers in Hong Kong in recent days to open new stock trading accounts,” said Tom Chan Pak-lam, ­permanent honorary president of the Institute of Securities Dealers, an industry body for stock brokers.“Usually, these young investors tend to open accounts with online brokers, but now some of them have gone to the physical branches of some traditional brokerage firms as it is possible some of the online platforms may have been too crowded with customers who want to open new accounts to trade shares.

However, it has not been smooth sailing for many new investors, most of whom are in their late 20s and early 30s.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Enoch Yiu

Category: Business

Markets: Hong KongChina

Topics: Investors Open Stock Trading Kong Hong Brokers Accounts Been Online Mainland

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-01 @ 09:22:18 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 258 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 37 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22823527

View Article Analysis

About SCMP

Main Topics: Business

Official Website: scmp.com

Update Frequency: 14 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 2 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

Frequently Asked Questions