Page 55 - 凱基證券 年報

KGI 凱基證券集團 ( 香港 )
KGI 凱基證券集團 ( 香港 )( 下稱凱基香港 ) 為 KGI 凱基證券百分
之百持股之海外子公司。其於 1997 年初開業，1999 年併購海
裕證券有限公司、海裕期貨有限公司及 2009 年 12 月完成台証
證券香港地區子公司合併後，形成現今營運架構。凱基香港在
當地提供多元且全面金融理財服務，包含股票、期貨等經紀業
務、資本市場業務、各式債券、衍生性金融商品及財富管理業
務。以經紀業務市場佔有率而言，凱基香港為香港最大股票經
紀行之一，亦躋身當地十大期貨、期權經紀行之列。截至 2010
年 12 月底止，凱基香港除總公司外，尚有 3 處營業據點及 2 處
投資理財中心，員工人數達 719 位。
2010 年業務概況
受惠於對岸經濟蓬勃增長，亞洲區內貿易暢旺以及歐美進口需
求回升， 2010 年香港經濟持續好轉。加上勞工市場情況持續改
善及當地消費和經商信心良好，均加快香港經濟擴張步伐。
股市方面，由於受歐債危機影響，歐美已開發國家經濟復甦動
力減慢，新興國家於第 4 季開始收緊銀根帶來不明朗因素，整
體香港股票市場於 2010 年表現較為反覆。雖然在美國推出第
二輪量化寬鬆後，資金持續流入亞洲區，推動香港股市於 9、
10 月曾重拾升勢，恆生指數一度升至約 25,000 點水平。然中
國 11 月開始收緊銀根拖累港股升幅收窄，恆生指數全年上漲
5.3%。
另一方面，在大型大陸國內及海外企業來香港上市集資，2010
年新股上市集資額達到創紀錄的 4,450 億港元，以集資額計，
連續第二年位居全球第一。凱基香港憑藉厚實的資本及即時資
金調度能力，提供客戶充裕融資額度需求，使承作之初次上市
新股認購融資案達 48 檔。
隨香港整體股市表現穩定及資本市場籌資活動持續熱絡帶動下，
2010 年凱基香港經紀業務營業收入達 84.3 佰萬美元，較 2009
年成長 10.3%，此項收入主要來自傳統股票下單、期指期權交
易及初次上市新股認購融資業務 (IPO Financing) 。
2011 年業務展望
凱基香港除持續整合運用集團資源及客群外，更將戮力擴展核
心業務規模、強化業務競爭優勢，並搭配嚴謹完善的風險控管
機制，於競爭激烈香港金融市場中建立穩固之市場地位，並成
為客戶最佳的投資理財夥伴。
KGI Hong Kong Group
KG I Hong Kong Group ( KG I HK ) , wh i ch commenced
operations in early 1997, is a 99.6%-owned subsidiary of KGI
Securities. In 1999, KGI HK acquired Seapower Securities Ltd.
and Seapower Futures Ltd., and in December 2009 merged
Taishin Hong Kong's operations, thereby transforming itself
into a versatile financial services company with a strong local
market presence. KGI HK offers a broad range of brokerage
services, covering the equity, futures, bonds and derivatives
markets, investment banking and wealth management. KGI
HK has grown to become one of Hong Kong's largest equity
brokerages and a top-ten futures and options brokerage by
market share. It now has three branches, two investment
management centers and a staff of 719 in Hong Kong.
2010 Performance
Hong Kong's economy recovered further in 2010, thanks
to strong growth in China, the resurgence of intra-regional
trade and a gradual return of import demand from the US and
Europe.
Other key factors in Hong Kong's economic expansion in 2010
were the improved labor market and increased consumption,
as well as more positive business confidence. However, the
Hong Kong stock market was highly volatile in 2010 due
to uncertainties surrounding the European sovereign debt
crisis, ailing advanced economies and monetary tightening
in emerging markets. Having embarked on an uptrend in
September and October, Hang Seng Index increased 5.3%
for the full-year 2010. The index at one point approached the
25,000 points level on t he US' second round of quantitative
easing and favorable funds flow into the Asia market. However,
the gains were pared on concerns over China's monetary
policy tightening in November.
In addition, buoyed by titan Chinese and overseas companies
choosing to list in Hong Kong in 2010, Hong Kong securities
market led the world, for the second consecutive year, in
funds raised through initial public offerings (IPOs). IPO amount
reached a record of HK$445bn last year. Thanks in part to KGI
HK's abundant capital resources and flexibility to maneuver
funds, which allow it to offer sizable margin loans to clients,
53 KGI 凱基證券集團 ( 香港 ) KGI Hong Kong Group