Hong Kong Exchanges and Clearing (HKEX) has opened a new office for the Stock Exchange of Hong Kong (SEHK) in Singapore in an effort to expand its presence in Asia.
It is the first office based overseas for SEHK and HKEX, aiming to help serve clients in Singapore and the South East Asia region.
‘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,’ says HKEX’s chief executive Charles Li in a statement.
‘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.
‘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 adds that regional trade and the region’s geographical proximity with China makes South East Asia a ‘perfect place’ for further promotion of renminbi internationalization.
