Jimubox Launches Online Stock Trading Platform to Help Chinese Investors Access US Equities Market

China's fintech leader lowers the barriers to accessing the US market, opening the door for China's more than 100 million retail equity investors

Dec 17, 2015, 07:00 ET from Jimubox

BEIJING, Dec. 17, 2015 /PRNewswire/ -- Jimubox, the leading Chinese fintech marketplace, today announced the launch of JimuStock, an online stock trading platform that provides seamless access to the US equities market for the emerging Chinese affluent class. The initiative is the first of its kind in the country's booming Internet finance sector as Jimubox dips its toes into the international capital markets.

"Historically it has been very difficult for the average Chinese investor to realize the benefits of the international capital markets, the dividends of global economic growth and the stability of the international financial system. JimuStock opens the door for the emerging Chinese affluent class to participate in the next wave of global economic growth," said Dong Jun, Founder and CEO of Jimubox.

"The JimuStock launch comes at a time when Chinese investors are actively seeking alternatives from the volatility of the local equity markets and have significant concerns about the valuation of the RMB during an anticipated rising interest rate environment in the US. We feel that our unique mobile-based account opening procedure and innovative content-driven trading products will position us to capture a large portion of this market opportunity," Dong Jun further stated.

Mobile-based Account Opening, Low Commission Structure

Jimubox has developed a unique account opening experience that leverages the mobile device and technology driven secondary verification techniques to meet strict KYC and AML procedures. This allows a new user to open a new account purely via the mobile device, often in less than 5 minutes, significantly lowering the friction of the account opening process. JimuStock provides direct trading access to the New York Stock Exchange (NYSE), the NASDAQ Stock Market (NASDAQ), and the American Stock Exchange (AMEX), in addition to real-time quotes. Additionally, users are able to directly buy ETFs (Exchange-Traded Funds) and baskets of ETFs through a one-click process on the mobile app.

The JimuStock commission structure is among the lowest in the industry, with a US equities trading cost of $0.005 per share and a minimum trading commission of $1.99 per trade. All new accounts will receive the first 100 days of trading commission free. JimuStock plans to expand its trading access to the Hong Kong Stock Exchange (HKSE) and the domestic China A-share market in the near future.

First Step in Launch of Intelligent Advisory Platform

JimuStock is a first-step and important infrastructure in the launch of Jimubox's intelligent advisory platform. The move is likely to usher in a new era for Chinese individual investors to tap the overseas capital markets. "By reducing the friction in accessing the US capital markets, we are changing the game for our user base, delivering them the ability to build a globally diversified investment portfolio. Through one Jimu account log-in, our investor base will be able to manage both onshore and offshore investments, including Jimu's marketplace lending fixed income products, ETFs, US equities, and onshore mutual funds. We are excited about the innovative financial product opportunities that this infrastructure will enable," said Barry Freeman, Co-Founder of Jimubox.

About Jimubox

Jimubox, the leading Chinese fintech marketplace, is a multi-asset class, multi-product type financial marketplace that provides intelligent financial advice to the next generation of Chinese investors. Jimubox is backed by leading institutional investors including Xiaomi, Matrix Partners China, Investec Bank plc, Ventech China, Vertex Fund Management and Haitong Securities.

For more information, please visit www.jimu.com

SOURCE Jimubox