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red star capital bureau reported on october 5 that the stock market has been booming recently, and brokerage firms are experiencing an "account opening boom". red star capital bureau noticed that during the national day holiday, the a-share market was closed, and many investors turned their attention to hong kong stocks and opened accounts in hong kong to buy hong kong stocks.

some investors who went to hong kong to open accounts said that they made a special trip to hong kong to open bank and brokerage accounts during the national day. some investors told red star capital bureau that the bank opened at 9 o'clock, but when they arrived at the scene at 8 o'clock, they found that there was already a long queue.

according to media reports, phillip securities, one of the largest local brokerages in hong kong, has seen huge growth in its account opening business. many customer service employees have canceled their holidays and are on call 24 hours a day.

investors remain enthusiastic

open an account in hong kong during the national day holiday

during the national day holiday, the a-share market was closed, and hong kong stocks were suspended for only one day on october 1. red star capital bureau noticed that many investors turned their attention to hong kong stocks and chose to open accounts in hong kong to buy hong kong stocks during the national day holiday.

"hsbc and bank of china are all human beings." on october 4, an investor shared his experience of opening an account in hong kong on a social platform, saying that he opened an account at four banks in hong kong in one day. “the hong kong stock market is so enthusiastic!” he exclaimed.

on october 5, mr. chen (pseudonym) from guangdong told the red star capital bureau that because of the need to invest in hong kong stocks, he went to the yuen long branch of hsbc hong kong to open an account yesterday. the bank opened at 9 o'clock, and he arrived at the scene at 8:10. as a result, there was already a long queue of people taking numbers, and it was almost 10 o'clock when it was his turn to handle business.

like mr. chen, mr. tang (pseudonym) also took advantage of the national day holiday to go to hong kong to open an account and buy stocks. he told the red star capital bureau that because he did not make an appointment in advance, he temporarily queued up at hsbc and bank of china in hong kong yesterday. he got the bank card in 2 hours after preparing all the information. after getting the bank card, mr. tang plans to open a longbridge securities account.

screenshot from social platform

red star capital bureau noticed that during the national day holiday, online account opening appointments for banks in many areas of hong kong were fully booked. for example, the official website of the bank of china in hong kong shows that as of october 5, all branches have full reservations for account opening within 7 days.

according to the official website of hang seng bank in hong kong, the earliest available appointment date for four branches including johnston road branch and unity center branch has been scheduled to october 8.

hong kong brokerage business surges

some company employees canceled their vacations

the enthusiasm of investors to open accounts in hong kong can also be seen from the data of some securities companies in hong kong.

according to the southern metropolis daily, citing local media in hong kong, phillip securities, one of the largest local securities firms in hong kong, has experienced huge growth in its account opening business. many customer service employees have canceled their holidays and are on call 24 hours a day. the number of tiger brokers' account openings surged by 73.4% last week, and the number of active users of its mobile app also increased by 10% year-on-year.

in addition, on the eve of national day, futu securities, one of hong kong's largest online brokers, stated that the number of inquiries at futu's hong kong physical stores on september 25 and 26 was 40% higher than the average, including inquiries about stock account activation and account opening procedures. the number of daily account openings in the store reached a new high for the year.

red star capital bureau noticed that in order to attract investors to open hong kong stock brokerage accounts, some brokerages also provide account opening benefits. some investors said that if you open a securities account during the national day, you can receive a 200 hong kong dollar gift certificate after transferring a specified amount. some investors said that a certain securities company would give away 400 hong kong dollars in stocks when opening an account.

behind the rising enthusiasm of investors for opening accounts, the hong kong stock market has also reached a new high. as of the close on october 4, hong kong's hang seng index rose 2.82% to 22,736.87 points, a two-and-a-half-year high. the hang seng technology index rose 4.99% to 5227.13 points, with semiconductor stocks soaring.

it is worth mentioning that not only hong kong is experiencing "account opening craze", many mainland securities companies also shout slogans such as "no closing during holidays, no queues for account opening" and "24/7 non-stop account opening". red star capital bureau learned from multiple brokerage practitioners that many account managers worked overtime during the national day holiday, and some were still responding to customer messages at two in the morning.