China

Huatai Securities and Bloomberg Establish Global Strategic Collaboration

Huatai Securities Co., Ltd. (Huatai Securities) and Bloomberg have announced that they have jointly established a global strategic collaboration to accelerate digital transformation at one of China’s leading securities groups.

Harnessing Huatai Securities’ financial services expertise and Bloomberg’s global technology experience, the two companies will collaborate on financial technology, market-making services, index product development and risk management, among other areas, to further support Huatai Securities’ technological transformation and international business expansion, the firms said in a press release.

Yi Zhou, CEO, Huatai Securities, said: “Technology adoption at global financial institutions over the past year has continued to accelerate, and Huatai Securities is keeping pace. Our investments in the digitisation and transformation of our business through big data, artificial intelligence and cloud computing have enabled us to develop a robust financial services ecosystem. By working with Bloomberg, we will be able to benefit from their technology innovation and decades of experience in financial information services, enterprise solutions and risk assessment. This important collaboration will facilitate Huatai Securities’ digital transformation, strengthen our global competitiveness and accelerate the firm’s international development.”

Bloomberg is co-hosted the 2020 New Economy Forum from November 16-19 with the China Center for International Economic Exchanges, International Institute for Strategic Studies, and Mandela Institute for Development Studies. Representing Huatai Securities at the Forum, Yi Zhou discussed the economic opportunities and challenges in the post-pandemic era with more than 650 international delegates.

Bing Li, Head of Asia Pacific, Bloomberg, said: “While Covid-19 has posed challenges to the global financial industry, it has also accelerated digital transformation. Huatai Securities has been leading the way with its progressive technology strategy, and we are looking forward to deepening our collaboration in digitalisation and product innovation. As Bloomberg marks our 25 years in Mainland China, we are committed as an all-weather partner to advance China’s financial market through leading enterprise data and technology.”

Founded in 1991, Huatai Securities has become a leading technology-driven securities group in China. The firm is listed on the Shanghai, Hong Kong and London stock exchanges and is now entering a new chapter of global expansion and internationalisation, the press release concluded.