HKEX eyes being ‘go-to’ worldwide marketplace for China

HONG KONG: The Hong Kong Exchanges and Clearing Ltd (HKEX) will construct on three main connectivity improvement plans to turn into the go-to worldwide marketplace for capturing China-related flows and alternatives.

“Our imaginative and prescient is to construct {the marketplace} of the long run.

“We’ll do that by strengthening Hong Kong as a global monetary centre, facilitating the very important two-way capital flows between East and West, delivering vibrant, diversified markets, supporting the creation of nice firms, and chief placing our purchasers first,” mentioned chief government officer of HKEX Nicolas Aguzin throughout the HKEX’s 2022 company day.

HKEX mentioned it will ship on its imaginative and prescient by constructing on three strategic pillars: connecting China and the world, connecting the capital with alternatives and connecting at present with tomorrow.

Constructing on its distinctive China power, HKEX will proceed to each carry the China progress story to worldwide buyers and assist Chinese language capital entry international alternatives. HKEX’s objective is to be the go-to worldwide marketplace for capturing China-related flows and alternatives.

To achieve the objective, HKEX mentioned it will develop and improve its join applications, turn into China’s go-to offshore threat administration centre, solidify its position as China’s most well-liked offshore fundraising centre, and develop its portfolio of China-related product choices.

“We have now a protracted monitor report of efficiently capturing progress alternatives, increasing the breadth and variety of our providing, driving worldwide market participation, and constructing upon our unique connectivity with China,” Aguzin mentioned throughout the digital occasion.

“I’ve each confidence that our sturdy and dedicated HKEX management group will, over the subsequent few years, proceed to construct and form our enterprise, making certain that Hong Kong continues to thrive as a world-class monetary heart and that our communities proceed to prosper ,” he famous.

Hong Kong maintained third place globally within the newest International Monetary Facilities Index revealed by British suppose tank Z/Yen Group and China Improvement Institute in Shenzhen on March 24.

The report reaffirmed Hong Kong’s standing and strengths as a number one international monetary centre.

Hong Kong has remained among the many prime in varied areas of competitiveness, together with enterprise surroundings, human capital and infrastructure.

Aguzin mentioned the regular rating demonstrates the resilience and sustainability of the Hong Kong market in overcoming challenges, and with its distinctive position in connecting China and the world, Hong Kong can preserve a secure steadiness in occasions of heightened geopolitical tensions.

He additionally mentioned Hong Kong’s capital markets had been affected by short-term headwinds, however HKEX’s enterprise and market fundamentals remained as sturdy as ever. — Xinhua


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