Tencent to Launch Online Trading Platform for Chinese Bonds

[kreslik.news]

After almost two years of development, the biggest social media and gaming company in China, Tencent Holdings Ltd and its finance startup partner, Shenzhen Pingguo Shuju Keji Ltd., have announced they are launching their system for over-the-counter bond deals today.

QTrade will allow traders to meet online and negotiate prices through Tencent’s popular QQ messaging. According to a report from Bloomberg, the co-founder of the Shenzhen-registered startup, Zhou Jingyu, said the platform will verify the identity of both parties and log their conversations and transactions for a minimum of five years. This way it will be fully compliant with ... (read more)