Leading Chinese securities company Guotai Junan Securities (Guotai Junan) and 
the global consulting firm Boston Consulting Group (BCG) on Monday jointly 
released a white paper on "open securities" for 2022, aiming to promote 
construction of an open securities ecosystem.

"Open securities" is a development concept initiated by Guotai Junan in 2020. 
It emphasizes platform- and ecology-oriented growth through opening of mindset, 
business and technologies to boost capacity integration and build a community 
of values.

To be more specific, in an open securities ecosystem, participants in the 
capital market, after refining and opening their core capabilities and 
offerings, will carry out cross-industry collaboration in business scenario 
integration, data sharing, technology complementation, thus creating new 
customer experience and enhancing business value, according to Yu Feng, chief 
information officer of Guotai Junan.

The white paper on open securities for 2022 elaborates the significance of open 
securities for capital market construction, customer demand satisfaction, as 
well as industry development and prosperity. It also summarizes pioneering 
practices of domestic and foreign institutions in strengthening service 
capabilities, expanding business boundaries and promoting industrial 
connectivity.

To boost the opening and development of securities sector, a key path for 
securities brokers to implement the concept of "open securities", and 
suggestions for securities firms, financial institutions and technology 
companies to engage in open cooperation are also included in the white paper.

Over the past two years, Guotai Junan has made progress in practicing the "open 
securities" concept by initiating an open finance alliance, launching open 
products such as smart trading system (STS) and OTC financial cloud system, 
setting up a financial technology lab and working with securities exchanges to 
build industrial cloud chain infrastructure, said He Qing, chairman of Guotai 
Junan.

"Open securities" will become a backbone force to propel the transformation and 
groundbreaking performance of China's securities industry, which is facing new 
opportunities and challenges, said Hans-Paul Burkner, global chair emeritus of 
BCG, adding that he hoped to take advantage of the release of the white paper 
to promote more open cooperation in the securities sector and cross-industry 
collaboration. 

Source: Guotai Junan Securities