Reliance Money commences operations in Hong Kong and China
Anil Dhirubhai Ambani Group firm Reliance Money, the retail broking arm of Reliance Capital Ltd, has announced its foray into Hong Kong and China with the launch of a bouquet of financial services for retail investors in these markets.
The company has launched its operations with its tie-up with leading broking firm - Goldride Securities Limited – for distribution of its financial products and services in the region.
This is the first initiative by an
Indian broking and distribution company to offer a bouquet of financial products and services to retail investors in Hong Kong and China.
Through this alliance, Reliance Money would be launching its Broking and Portfolio
Management Services (PMS) initially in various parts of these countries.
The company, in a first-of-its-kind initiative for Hong Kong, would also be offering a Mobile Portal that will allow the users to get free real-time access to market information on their phones.
In addition, Reliance Money would also be offering to its Customers a real-time chat facility, with its experts, to get high quality market research and guidance to take an informed decision.
Shares of Reliance Capital were last trading up Rs 14, or 1%, at Rs 1248. The total volume of shares traded at the BSE was 2,014,771 (2.50 p.m., Wednesday).