HKEX readies London office opening in bid to secure more international listings and overseas traders
- The London office, set to open in the first half of the year, further underscores HKEX’s search for diversification and growth
- ‘London is a natural choice for HKEX as it is an international financial centre with many potential listing candidates,’ a broker says
Hong Kong Exchanges and Clearing (HKEX), which operates the third largest stock market in Asia, will open an office in London in the first half of this year to promote international listings and attract more overseas investors.
The expansion to New York and London underscores HKEX’s search for diversification and growth, as well as its efforts to strengthen its role as a connector between China and international markets.
“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,” HKEX CEO Nicolas Aguzin said in a statement on Thursday. HKEX bought the London Metal Exchange in 2012 as its first overseas acquisition.
“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,” he said.
Aguzin told the Post in an exclusive interview in June that his dream was to “have multiple offices, not only in Europe, but also in the Middle East, and Latin America as well”.
