Guotai Junan International (1788.HK), the largest Chinese investment bank and wealth management platform in Hong Kong, first introduced the premium margin financing rate of 2.5% (after rebate) in July. The product was very popular after its launch, celebrating the 30th anniversary of the establishment of Guotai Junan Securities.

It is reported that before the end of September, Guotai Junan International opened or upgraded to an individual margin (financing) account to enjoy an ex gratia margin interest rate of 5%, 50% margin interest rebate (the amount is unlimited), and the actual interest rate after the rebate is 2.5%. Take the financing amount of HK $1 million as an example, the daily rebate is HK $68! At the same time, customers can also participate in major overseas markets by converting Hong Kong dollars into foreign currencies and enjoy rebates.

It is understood that in the face of the Fed's aggressive tightening policy, under the linked exchange rate system, Hong Kong is expected to raise the prime rate for the first time in four years. This will create more difficulties for securities financing investors, who are already facing the pressure of economic contraction caused by the COVID-19 epidemic. On the other hand, with the recent rapid rise in interbank offered rates (HIBOR) in Hong Kong, the market expects Hong Kong dollar interest rates to rise sharply in the second half of the year. In contrast, in 2022, Guotai Junan International continued to optimize its balance sheet and maintain a sound financial position in the face of difficulties against the market. To celebrate the 30th anniversary of the establishment of Guotai Junan Securities, the company announced that the above activities will continue to be extended to September 30th.