Hong Kong Exchange Sets Up Singapore Office
by Mary Swire, Lowtax.net, Hong Kong
14 December, 2017
Hong Kong Exchanges and Clearing Limited recently announced that it has expanded its presence in Asia with the opening of a Singapore office.
The office in Singapore is said to be the first for the company, which is the parent company of the Stock Exchange of Hong Kong Limited (SEHK) and the Hong Kong Futures Exchange Limited. It is intended to help the exchanges serve their clients in Singapore and the rest of South-East Asia and reach out to more potential clients in the region.
"The Belt and Road Initiative and Fintech (financial technology) present tremendous growth opportunities for Asia," said HKEX Chief Executive Charles Li. "We want to work with partners in our region to make the pie bigger for everyone. Asia has the world's most dynamic economy now so there's great potential for us to succeed together."
"The office is another step in our plan to develop our markets as unique platforms for cross-border access by international and Chinese investors, as well as attractive destination markets in their own right, offering a range of relevant products across three asset classes: Equities, Commodities and Fixed Income, and Currency," said Li. "As China and the world's other markets intensify their interaction, we aspire to be the global exchange of choice across asset classes both for our Chinese clients and our international clients seeking China exposure."
"For investors interested in Mainland China's equity and fixed income markets, we offer easy, direct access through our Stock and Bond Connect programs," Li added.
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