Hong Kong Exchanges and Clearing (HKEX) has opened a new office for The Stock Exchange of Hong Kong (SEHK) in Singapore in a bid to expand its presence in Asia.
It is the first office based overseas for SEHK and HKEX, aiming to help both exchange operators 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,” said HKEX’s chief executive Charles Li.
He explained the new office is also another step in the exchange’s plans to develop its markets as a platform for cross-border access for both international and Chinese investors.
“For investors interested in Mainland China’s equity and fixed income markets, we offer easy, direct access through our Stock and Bond Connect programmes,” Li added.
HKEX said regional trade and the region’s geographical proximity with China makes South-East Asia a “perfect place” for further promotion of RMB internationalisation.