Company News - 2 November 2018

AMTD Group and Tiger Brokers form a strategic partnership

On Nov 1, AMTD Group, as the sole Strategic Partner of 2018 Hong Kong FinTech Week, formally announced the establishment of its long-term strategic partnership with Tiger Brokers in the area of TMT investment banking. Mr. Calvin Choi, Chairman and President of AMTD Group, and Mr. Wu Tianhua, Founder of Tiger Brokers, witnessed the signing of the contract for the strategic partnership. The strategic partnership between the two will provide better user experience for global capital markets clients and further promote the upgrading of traditional financial services.

Calvin Choi (second right), Chairman and President of AMTD Group, and Wu Tianhua (second left), Founder of Tiger Brokers, witnessed the partnership signing ceremony completed by Philip Yau (first left), Chief Financial Officer of AMTD Group, and Fang Wei (first right), Head of Hong Kong Region, Tiger Brokers

The inauguration ceremony of AMTD Group and Tiger Brokers’ strategic partnership was held at Hong Kong stage during 2018 Hong Kong FinTech Week. Calvin Choi, Chairman and President of AMTD Group, and Wu Tianhua, Founder of Tiger Brokers, were present at the ceremony. Fanny Law Fan Chiu-fun (GBM, GBS, JP), Member of Executive Council of Hong Kong SAR, Special Advisor of the China-United States Exchange Foundation and former Head of Hong Kong's Science Park, Charles D'Haussy, Head of FinTech, InvestHK, Dr Charles Lam, Chief Public Mission Officer of Cyberport Hong Kong, Hong Feng, Co-Founder and Senior Vice President of Xiaomi and Chairman and CEO of Xiaomi Finance, and Liu Wei, Head of Xiaomi Finance Office, also attended the ceremony as officiating guests.

From left to right: Liu Wei, Head of Xiaomi Finance Office, Philip Yau, Chief Financial Officer of AMTD Group, Hong Feng, Co-Founder and Senior Vice President of Xiaomi and Chairman and CEO of Xiaomi Finance, Wu Tianhua, Founder of Tiger Brokers, Calvin Choi, Chairman and President of AMTD Group, Fanny Law Fan Chiu-fun (GBM, GBS, JP), Member of Executive Council of Hong Kong SAR, Special Advisor of the China-United States Exchange Foundation and former Head of Hong Kong's Science Park, Fang Wei, Head of Hong Kong Region, Tiger Brokers, Charles d'Haussy, Head of FinTech, InvestHK, and Dr Charles Lam, Chief Public Mission Officer of Cyberport Hong Kong, took a group photo after the signing ceremony

AMTD has the vision that the power of innovative technology, especially fintech, will transform the future of traditional financial services, and unleash the dynamics of the next generation of financial institutions who embrace innovation. The strategic alliance between Tiger Brokers and AMTD Group is further enhanced by Tiger Brokers’ recent announcement to invest in AMTD Group, which makes the market capitalization of AMTD exceed US$1 billion and puts AMTD Group alongside other unicorns in Hong Kong.

Calvin Choi, Chairman and President of AMTD Group

According to Mr. Calvin Choi, Chairman and President of AMTD Group, AMTD Group is a comprehensive financial institution headquartered in Hong Kong, having been deeply involved in both mainland and Hong Kong markets with broad services around the globe. ATMD has always been paying great attention to technological innovation, committed to giving full play to Hong Kong’s role as “super connector” and assisting fintech companies with advanced technology in connection with resources and global capital. AMTD Group has great confidence in its strategic partnership with Tiger Brokers. Relying on AMTD’s resources on new economy ecosystem as well as Tiger Brokers’ superiority in technologies and unique product positioning, the two will bring new perspective to traditional investment banking business and promote a new generation of Chinese financial institutions to achieve greater success in international capital markets.

Wu Tianhua, Founder of Tiger Brokers

Mr. Wu Tianhua, Founder of Tiger Brokers, was glad that Tiger Brokers became a strategic partner with AMTD Group. For a long time, Tiger Brokers has continuously explored technological innovations and constantly considered the future of the securities brokerage industry. Mr. Wu believes that this strategic partnership will strengthen the collaboration between Tiger Brokers and issuers and provide new services for their users.

Tiger Brokers is an online brokerage and fintech firm, whose proprietary trading platform enables investors and other financial institutions to trade securities through main exchanges around the globe. Its shareholders include technology giants such as Xiaomi and Interactive Brokers as well as renowned venture capital firms such as China Growth Capital and Zhen Fund.

Tiger’s strategic investment in AMTD Group will further add synergy to the combination of the two’s professional areas. AMTD will continue to excel as the new economy financial services platform to provide comprehensive financial services with coverage across Hong Kong, mainland China and the rest of the world.

AMTD Group was founded in 2003 and is now among the largest Hong Kong-based investment banks and the biggest corporate insurance brokerage and risk solutions firm. AMTD highly values the power of technological innovation and has been dedicated to providing solutions for companies with advanced productivity and technologies, assisting them in the connection with capital and resources. AMTD recently announced to be the exclusive strategic partner of Hong Kong Fintech Week to organize 2018 Hong Kong Fintech Week along with InvestHK. As the officiating guest of the event, Calvin Choi, Chairman and President of AMTD Group, attended the launch ceremony with Carrie Lam, the Chief Executive of Hong Kong SAR. After jointly organizing the world’s largest fintech event, Singapore Fintech Festival 2017, with Monetary Authority of Singapore last year, AMTD once again worked together with local government to jointly organize fintech event. Calvin Choi, as the sole representative of Hong Kong financial institutions, was named “2016 Fintech 35” by Institutional Investor, the globally renowned financial magazine. Moreover, AMTD has yielded fruitful results in fintech investments. In the Greater China region, AMTD partnered with Standard Chartered to strategically invest in Dianrong, a Chinese fintech company established by Soul Htite, co-founder of Lending Club, assisted Dianrong in introducing renowned international institutional investors including Government of Singapore Investment (GIC) and South Korea's Hanwha Insurance, and joined hands with Dianrong to successfully incubate the fintech market platform FinEX Asia in Hong Kong. In the North America region, AMTD made strategic investment in Credible Labs, a US fintech company and student loan platform, and helped Credible Labs to be listed on the Australian Securities Exchange (ASX) successfully in 2017, which was a milestone and the largest tech IPO at ASX in 2017. AMTD also acted as the main underwriter to assist X Financial (NYSE: XYF), China’s leading fintech firm, in being listed in New York Stock Exchange.

Database connection ERROR