China Renaissance selects Broadridge to expand post-trade processing via Stock Connect

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China Renaissance has expanded its post-trade processing relationship with Broadridge Financial Solutions to facilitate the clearing and settlement of both Shenzhen- and Shanghai-listed equities via Stock Connect.

The successful expansion builds on the solutions China Renaissance has offered clients in equity trading via Stock Connect, with Broadridge’s post-trade solution implemented in March 2020. This expansion is in addition to the Hong Kong-listed equities processing Broadridge successfully has provided to China Renaissance since 2016. As part of the growing relationship, both firms are jointly planning for upcoming market and regulatory changes, such as Hong Kong Exchange’s (HKEX) Synapse program and FINI (Fast Interface for New Issuance) proposal, which aims to replace the existing “T+5” process with “T+1” for newly listed shares on HKEX. 

“We have been impressed by the resilience of Broadridge’s systems and, as a technology partner, Broadridge understands and supports multiple markets, including north and southbound trading across asset classes,” says Andy Maynard, Managing Director, Global Head of Equities, China Renaissance. “We value our long-term relationship with Broadridge. Their experience with next-generation technologies for clearing and settlement will be beneficial for us to leverage as HKEX’s Stock Connect evolves, and the relationship allows us to be ahead of the curve for our clients.”

China Renaissance provides one-stop financial services across mainland China, Hong Kong and the United States, serving new economy entrepreneurs and investors globally. To realise its growth ambitions, China Renaissance selected Broadridge for its robust solutions that provide global scale and allow for multi-asset capabilities. As a progressive, innovative brokerage firm, China Renaissance is well advanced in its preparations for ongoing market changes in order to provide their clients with best-in-class services and access to global markets.

“China Renaissance has been able to bring more efficiency to its operations and enable its growth ambitions by leveraging Broadridge’s local expertise and global scale, as seen in the successful implementation of our post-trade processing solution for Stock Connect markets,” says Danny Green, General Manager, International Post-Trade at Broadridge. “Broadridge’s world-class technologies and experience in Asia have led us to become the technology provider of choice for many firms in the region. Our established platform allows clients to scale services with ease as they grow and continue to innovate through the adoption of The ABCDs of Innovation - AI, blockchain, the Cloud and digital, that continue to evolve into market practices.”