London Stock Exchange to offer Membership to Hong Kong firms

  • Regulatory approval received for Hong Kong firms to access Europe’s most liquid and international market
  • Further significant boost to growing UK – Greater China financial ties

London Stock Exchange plc today announces it has received regulatory approval from Hong Kong’s Securities and Futures Commission to allow Hong Kong firms to become Members of London Stock Exchange.

Membership allows trading firms to connect directly to Europe’s most liquid and international orderbook, and to trade central counterparty cleared securities including some of the world’s largest and well known companies. In addition the same connection provides access to London Stock Exchange Derivatives Market which provides trading in derivative contracts in UK securities and Global Depositary Receipts.

Alexander Justham, CEO, London Stock Exchange plc said:
"This is a significant development in further deepening the ties between London, Hong Kong and China. As Members of London Stock Exchange, Hong Kong firms will be able to offer their customers access to the most liquid European market. Like Hong Kong, London has always been a market open to the world and we are excited about the increasingly strong relationship being forged between these two exceptional global financial centres."

The agreement also comes on the day London Stock Exchange Group hosts its second annual Greater China Capital Markets conference. Since 1 January 2014, the Group has built considerably on its relationship with Greater China: 7 new Chinese companies have been admitted to London Stock Exchange; 10 new RMB bonds have been issued in London and six new RQFII ETFs have listed on the market, including the first ETF in Europe denominated in RMB.

In the same period, the Group has also signed four memoranda of understanding with leading Chinese market participants including Agricultural Bank of China, Bank of China, China Construction Bank and Haitong Securities.

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For further information:

Media
Tom Gilbert - +44 (0)20 7797 1222
Newsroom@lseg.com

About London Stock Exchange Group:

London Stock Exchange Group (LSE.L) is a diversified international market infrastructure and capital markets business sitting at the heart of the world's financial community. The Group can trace its history back to 1698.

The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and Turquoise, a pan-European equities MTF. It is also home to one of the world’s leading growth markets for SMEs, AIM. Through its platforms, the Group offers international business and investors unrivalled access to Europe's capital markets.

Post trade and risk management services are a significant part of the Group’s business operations. In addition to majority ownership of multi-asset global CCP operator, LCH.Clearnet Group, LSEG operates CC&G, the Italian clearing house; Monte Titoli, the T2S-ready European settlement business; and globeSettle, the Group’s newly established CSD based in Luxembourg.

The Group is a global leader in indexing and analytic solutions. FTSE Russell offer thousands of indexes that measure and benchmark markets around the world. The Group also provides customers with an extensive range of real time and reference data products, including SEDOL, UnaVista, Proquote and RNS.

Following the acquisition of Russell Investments, LSEG conducted a comprehensive review of the investment management business to analyse its strategic fit with the Group. This was concluded in February 2015, and LSEG is now exploring a sale of the business in its entirety.

London Stock Exchange Group is a leading developer of high performance trading platforms and capital markets software for customers around the world. In addition to the Group’s own markets, over 35 other organisations and exchanges use the Group’s MillenniumIT trading, surveillance and post trade technology.

Headquartered in London, with significant operations in North America, Italy, France and Sri Lanka, the Group employs approximately 4,700 people.

Further information on London Stock Exchange Group can be found at

www.lseg.com.