HONG KONG, July 16, 2020 /PRNewswire/ -- Lion Group Holding
Ltd. ("Lion" or "the Company") (NASDAQ: LGHL), operator of an
all-in-one trading platform that offers a wide spectrum of products
and services with a focus on Chinese investors, today announced the
official launch of "Lion Lu Gu
Tong," its total return swap (TRS) service that offers
A-shares (shares that are denominated in Renminbi and traded on the
Shanghai Stock Exchange and Shenzhen Stock Exchange) and
Hong Kong stock basket-linked
TRS.
Mr. Chunning (Wilson) Wang, CEO
of Lion, commented, "This new service will help more international
investors invest in the Chinese stock market. Leveraging Lion's
advanced technology infrastructure, our new service provides a
fast, smooth, and economical channel that facilitates the purchase
of Chinese stocks by international investors. With a broad
potential customer base and increased appetite for Chinese stocks
from northbound stock connect programs, we are optimistic about the
potential of the TRS service to attract new customers to our
platform, contribute meaningfully to our revenues, and drive our
growth in the near future. We look forward to a fruitful
partnership with CICC and Guotai Junan Securities in delivering
this new service and to developing more innovative products to
satisfy our clients' diversified trading and hedging needs."
Lion has entered into ISDA master agreements and related
supplementary agreements with CICC and Guotai Junan Securities, two
of the top five swap traders in China, in order to offer its TRS service.
According to iResearch, the top five swap traders in China accounted for an aggregate of 93.6% of
China's swap trading in terms of
notional principal in December 2019.
The top five swap traders tend to be very selective in choosing
business partners and have entered into ISDA master agreements with
only a very limited number of companies.
Similar to its standard securities brokerage offering, Lion will
receive commission fees from clients for trades made through the
TRS service. However, through the TRS service, the Company will
also earn income from the spread on interest rate loans provided to
TRS trading clients and loans borrowed from its business
partners.
About Lion
Lion Group Holding Ltd. (NASDAQ: LGHL) operates an all-in-one
trading platform that offers a wide spectrum of products and
services with a focus on Chinese investors. Through its
state-of-the-art technology, Lion offers contract-for-difference
(CFD) trading, insurance brokerage, futures brokerage, and
securities brokerage on its platform, which can be accessed through
applications available on the iOS, Android, Windows, and macOS
systems. Lion's customers are predominantly well-educated and
affluent Chinese individual investors residing both inside and
outside the PRC as well as institutional clients in Hong Kong. Additional information may be found
at http://ir.liongrouphl.com.
Safe Harbor Statement
This press release contains "forward-looking statements" within
the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Although the Company
believes that the expectations expressed in these forward-looking
statements are reasonable, Lion's actual results may differ from
their expectations, estimates and projections and consequently, you
should not rely on these forward-looking statements as predictions
of future events. These forward-looking statements involve known
and unknown risks and uncertainties and are based on current
expectations, assumptions, estimates and projections about the
Company, and the industry in which it operates. Words such as
"expect," "estimate," "project," "budget," "forecast,"
"anticipate," "intend," "plan," "may," "will," "could," "should,"
"believes," "predicts," "potential," "might" and "continues," and
similar expressions are intended to identify such forward-looking
statements. Lion cautions readers not to place undue reliance upon
any forward-looking statements, which speak only as of the date
made. Lion does not undertake or accept any obligation or
undertaking to release publicly any updates or revisions to any
forward-looking statements to reflect any change in its
expectations or any change in events, conditions or circumstances
on which any such statement is based, subject to applicable
law.
Contacts
Lion Group Holding
Tel: +852 2820 9011
Email: ir@liongrouphl.com
ICR, LLC
William Zima
Tel: +1 203 682 8233
Email: ir@liongrouphl.com
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SOURCE Lion Group Holding Ltd.