\n Sets to Benefit Investors and Issuers Alike <\/p>\n
HONG KONG SAR –\u00a0Media OutReach<\/a>\u00a0– 11 December The launch of the new IPO “The successful “We at Tricor always stay “The continuous “Tricor’s focus Wallace Lam, Head of Corporate, Commercial As a leading share registrar with an Please scan below QR code for downloading Tricor
\n2020 – <\/b>Tricor Group<\/a><\/b>\u00a0(“Tricor”), a leading business
\nexpansion specialist in Asia, is pleased to announce the launch of Tricor IPO
\nSmart Pay (“IPO Smart Pay”) as supported by HSBC’s real-time direct debit
\nsolution IPO Smart Pay is a new feature added to the Tricor IPO APP, the
\nmarket’s first white form e-IPO APP rolled out in October 2019.<\/p>\n![](\"https:\/\/release.media-outreach.com\/release.php\/Images\/Thumb\/500x0\/111217\/press-release-picture.jpg#image-111217\")
<\/p>\nFrom left to right:
Ms Pamela Chung, Managing Director & Head of IPO,
\nTricor Hong Kong, Mr Wallace Lam, Head of Corporate, Commercial Banking, Hong
\nKong, HSBC, Mr Joe Wan, CEO of Tricor Hong Kong, Ms Catharine Wong, Managing
\nDirector – Head of Share Registry & Issuer Services, Tricor Hong Kong, and Ms
\nYvonne Yiu, Head of Global Liquidity and Cash Management, Hong Kong, HSBC<\/h5>\n
\nSmart Pay on the APP further enhances its user-friendliness by offering a fast
\nand secured payment method for IPO applications. In addition, unlike IPO
\napplications through banks and brokerage houses where an investor’s funds are
\nimmediately frozen once the application is submitted, Tricor IPO Smart Pay will
\nonly debit monies automatically and securely from the investor’s designated
\naccount on the IPO closing date. The appeal of IPO Smart Pay is manifold,
\nincluding investors’ ability to have greater flexibility with their funds and
\nmore time to determine the appropriateness of a particular IPO. Investors are
\nallowed to cancel and resubmit their applications anytime before the closing
\ndate. The APP also charges no application and service fee.<\/p>\n
\nlaunch of the Tricor IPO APP last year has set new standards and delivered a
\nbrand new digital IPO experience to both issuers and investors,” said Mr Joe Wan, CEO of Tricor Hong Kong<\/b>. “This
\nyear, with the support from our important partner HSBC, we are excited to incorporate
\nthe cutting-edge payment technology into the APP, turning it into a perfect solution
\nfor online IPO application.<\/p>\n
\nat the forefront of the industry, and we see digitalisation as one of the
\nirreversible trends. The adoption of digital processes not only helps companies
\nimprove operational efficiency but also enhance corporate governance, which is
\nparamount for sustainable business operations. We will continue to innovate and
\npartner with other industry leaders to present more inspiring technology
\nsolutions going forward.” Mr Wan<\/b>
\nadded.<\/p>\n
\nintroduction of new technologies to the Hong Kong securities market has led to
\nthe long anticipated advent of electronic IPO. Electronic IPO platforms have
\nemerged and brought a number of benefits such as more environmentally friendly
\nbusiness practices and optimisation of workflows,” explained Ms Pamela Chung, Managing Director &
\nHead of IPO, Tricor Hong Kong.<\/b> “We strive to help our IPO clients achieve
\nsuccessful launches. Taking care of public investors’ needs under the Covid-19
\nnew normal is one of our IPO service priorities, especially when HKEX has now issued
\na consultation paper on paperless listing and subscription mechanism. The IPO
\nmarket will continue to enjoy robust growth, and drive investors and issuers’
\nadaptation to new technologies, which ultimately will benefit the Hong Kong
\nsecurities market as a whole.”<\/p>\n
\nalways lies on the customers and the improvement of their experience. IPO Smart
\nPay is another example of how Tricor leverages the most up-to-date technology
\nto build better customer experience. This is just the start of an evolution in
\nthe new IPO experience and more changes will come in the new year.” noted Ms Catharine Wong, Managing Director – Head
\nof Share Registry & Issuer Services, Tricor Hong Kong.<\/b> “Our initiative
\nto further digitise the IPO process works well with other major market
\ndevelopments like FINI to facilitate efficient subscriptions.\u00a0 We also understand that privacy and data
\nprotection is extremely vital to get users buy-in. Mindful of this, when
\ndeveloping these new enhanced features, we have carefully reviewed every step and
\nstrictly ensured that only those need-to-have information under the current
\nregulations are collected, and the direct debit information is being handled by
\nthe customers’ own banks with the highest protection of customer’s data. In
\naddition, we have employed multi-layer security and full failover protection so
\nthat sensitive and confidential information remain as the domain of our valued
\ncustomers. Now in conjunction with our auto payment method supported by HSBC,
\ninvestors can enjoy a new end-to-end digital IPO experience with complete
\npeace-of-mind operation.”<\/p>\n
\nBanking, Hong Kong, HSBC<\/b>, said,
\n“Digitisation has become a must-have for different sectors. HSBC is pleased to
\nprovide an innovative cash management API solution for Tricor IPO Smart Pay,
\nelevating the IPO subscription journey for retail investors in Hong Kong and
\nhelping them capture investment opportunities with greater convenience. Our
\nsolution also greatly enhances the efficiency of IPO subscription process and
\noperational workflow, reaffirming our ongoing commitment to support corporate
\nclients in their digital transformation journey.”<\/p>\n
\noutstanding track record in supporting new issues and IPOs, Tricor actively
\nparticipates and provides support throughout the entire listing process. Having
\nintroduced the Tricor IPO APP, which is now augmented by IPO Smart Pay, both
\nissuers and investors are assured of the ability to promptly and flexibly
\nengage in IPO pertinent activities like never before, all the while underpinned
\nby the highest level of security. Tricor will continue to direct efforts
\ntowards the development of even more advanced and impactful digitalised
\nsolutions that fully capitalise on the digitisation trend, as well as the dawn
\nof the 5G era from which will bring a step change in the way people work and
\nlive.<\/p>\n
\nIPO APP and Smart Pay:<\/p>\n
![](\"https:\/\/release.media-outreach.com\/release.php\/Images\/Thumb\/100x0\/111224\/QR.jpg#image-111224\")