HKEX Announces Plans to Open London Office

Rhea-AI Summary

Hong Kong Exchanges and Clearing Limited (HKEX) has announced plans to open a new office in London in the first half of 2023. This expansion aims to enhance HKEX's international presence, improving global connectivity for its customers. The London office will promote HKEX's equity offerings and provide European clients with direct insights into Hong Kong's capital markets. With HKEX's subsidiaries recognized by the UK's Financial Conduct Authority, the office will strengthen ties with investors and market participants during European working hours. HKEX already operates offices in Beijing, New York, Shanghai, and Singapore.

Positive

• Opening a London office in 2023, enhancing international presence.
• Recognition from UK's Financial Conduct Authority for HKEX subsidiaries.
• Increased connectivity with European investors and market participants.

Negative

• None.

HONG KONG, March 2, 2023 /PRNewswire/ -- Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to confirm today (Thursday) that it will open an office in London in the first half of 2023. The new UK office will further expand the Group's international reach, promoting greater global connectivity and facilitating opportunities for HKEX's customers and issuers around the world.

The new office will promote the attractiveness of HKEX's international equities franchise, its exclusive connectivity with Mainland China's capital markets and its rapidly expanding derivatives product suite. It will also provide the Group's European clients with on-the-ground expertise and insight on Hong Kong's capital market opportunities and innovations.

HKEX subsidiaries, The Stock Exchange of Hong Kong Limited and the Hong Kong Futures Exchange Limited, this week were each confirmed as Recognised Overseas Investment Exchanges by the UK's Financial Conduct Authority. Preparatory work to open the London office is also ongoing. The new office will be overseen by Head of EMEA Business Development, Raymond Wong, who will report to Kevin Rideout, HKEX Co-Head of Sales and Marketing.

HKEX Chief Executive Officer, Nicolas Aguzin, said: "We are delighted to be opening HKEX's first European office in London, one of the world's most dynamic and vibrant financial, business and cultural cities. HKEX has strong ties with the financial community in London through the London Metal Exchange, and this new office will further strengthen our commitment to supporting the ambitions of our broad range of customers around the world. Together with our newly-opened New York office, our footprint will now cover all key global time zones, supporting us as we connect capital with opportunities and East with West."

The opening of the London office will make it easier for HKEX to connect with investors and other market participants during the European working day and enable the Group to build stronger ties with its clients throughout the region. The office will complement HKEX's existing international reach from its offices in Beijing, New York, Shanghai and Singapore.

Please find more info about HKEX's market in an appendix.

About HKEX

Hong Kong Exchanges and Clearing Limited (HKEX) is a publicly-traded company (HKEX Stock Code: 388) and one of the world's leading global exchange groups, offering a range of equity, derivative, commodity, fixed income and other financial markets, products and services, including the London Metal Exchange.

As a superconnector and gateway between East and West, HKEX facilitates the two-way flow of capital, ideas and dialogue between China and the rest of the world, through its pioneering Connect schemes, increasingly diversified product ecosystem and its deep, liquid and international markets.

HKEX is a purpose-led organisation which, across its business and through the work of HKEX Foundation, seeks to connect, promote and progress its markets and the communities it supports for the prosperity of all.

www.hkexgroup.com

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SOURCE Hong Kong Exchanges and Clearing Limited (HKEX)

FAQ

When is HKEX opening its London office?

HKEX is set to open its London office in the first half of 2023.

What is the purpose of HKEX's London office?

The London office aims to enhance HKEX's international reach and provide European clients with insights into Hong Kong's capital markets.

Which authority recognized HKEX subsidiaries recently?

HKEX subsidiaries were recognized by the UK's Financial Conduct Authority.

How does HKEX's London office benefit investors?

The London office will improve connectivity with investors during European working hours, facilitating better communication and opportunities.

What other locations does HKEX have offices in?

HKEX also has offices in Beijing, New York, Shanghai, and Singapore.

What financial products does HKEX offer?

HKEX offers a range of financial products, including equity, derivatives, and commodities.