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Securities&Futures

Underwriting and Placing

Besides providing securities dealing and futures contracts dealing services, we also engage in underwriting and placing in order to provide a wide range of services to clients with different needs.

Underwriting

Underwriting means an underwriter promises in the contract that it will buy the rest of the securities if they cannot be sold out after the underwriting period. As a result, the issuer ensures it can obtain its needed capital and the underwriter needs to bear the risk of issuance.

Placing

Placing is the issuer or its agent subscripts or sells securities to selected or approved persons or institutions.