CHINA'S SECOND-LARGEST PUBLICLY TRADED BROKERAGE TO UTILIZE TITANIUM'S
SAN JOSE, Calif., Oct. 16 /PRNewswire-FirstCall/ -- Titanium Group, Ltd (OTC Bulletin Board: TTNUF), a leading biometric and security solutions provider announced today that it has signed a contract with Haitong Securities Co. Ltd. ("Haitong") (SHA: 600837). Titanium will install its Biometrics Access Control System in Haitong's newly renovated office in Hong Kong. Haitong, listed in the Shanghai Stock Exchange, is one of the most reputable full-service securities companies in China.
"This is a very important installation for Titanium," stated Jason Ma, CEO of Titanium. This is the first facility Haitong has opened outside of China and is a major step towards the expansion of their Qualified Domestic Institutional Investors business ("QDII"), a new business development under which Domestic Institutional Investors authorized by the China government can invest in the overseas capital markets under the foreign exchange control system in China.
"The booming QDII market in Asia is expected to bring a substantial amount of business with heavy physical traffic to Haitong facility in Hong Kong. We are honored to be entrusted with the design and installation of their physical security system utilizing our Biometric Facial Recognition technology," said Dr. Johnny Ng, Chairman of Titanium. "Together with Penghua Fund Management Co. Ltd., we have now installed our technology in two of the highest profile financial institutions in Mainland China, with this we are in an excellent position to continue our marketing effort in this industry."
About Haitong Securities:
Haitong Securities Co. Ltd., China's second-largest publicly traded
brokerage, has a network of 124 branches and 57 sub-branches covering all
major areas in China. The business covers proprietary trading, brokerage,
investment management, investment banking, fixed
|SOURCE Titanium Group, Ltd|
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