Broker-to-Client Assigned Number, the identification code assigned by brokers to their clients under the SFC's investor identification regime (HKIDR). HKEX allows Licensed Corporations and Registered Institutions, on an optional basis, to identify subscribers by BCAN when submitting EIPO subscriptions in FINI instead of providing the full name and identity document details; after the public offer closes, FINI uses the BCAN to retrieve the underlying client identification data from SEHK. Basis: HKEX FINI FAQ E10.
The links above lead to official sources such as HKEX and the SFC. The explanation on this site summarises them and may differ from the official definition; the official documents prevail.
This page explains the HK IPO term "BCAN" and links to related terms. Definitions are compiled from HKEX Practice Note 18 and the Listing Rules, for understanding subscription rules only — not investment advice.
