• New York office to provide on-the-ground support to HKEX’s North American clients
• New location part of HKEX’s commitment to broadening international participation in its market and enhancing global market connectivity

Hong Kong Exchanges and Clearing Limited (HKEX), one of the world’s leading exchange groups, was delighted to celebrate with its North American customers, as it opened its new office in New York.

On Wednesday evening at a reception held at New York’s Rockefeller Center, HKEX Chief Executive Officer Nicolas Aguzin and other senior executives hosted VIPs and leaders from across the financial business and market infrastructure communities in the US. Guests had the chance to hear more about opportunities in Hong Kong and how HKEX is excited to be on the ground taking ‘Asia to New York’. Mr Aguzin struck a gong to mark this important occasion, signifying HKEX’s commitment to greater global market connectivity and to working with its international customer base around the world.

The New York office will support HKEX’s North American clients by offering enhanced access to information on Asia’s dynamic capital markets, including updates on market developments, products and services.

Located in New York City, the office will promote Hong Kong’s vibrant and diverse marketplace, home to a world-leading IPO and equities franchise, unique access to Mainland China markets, as well as a burgeoning offshore Renminbi ecosystem and an expanding suite of regional and international derivatives products.

HKEX Chief Executive Officer, Nicolas Aguzin, said: “The opening of our New York office is a great cause for celebration as we bring the Hong Kong and HKEX story to North America. As a purpose-driven company, enhancing connectivity across markets and geographies is at our core. Supporting our international clients around the world by being on the ground and listening to their needs is critical so that we can deliver shared sustained success.”

Mr Aguzin added: “This new office will better connect two of the most important financial centres in the world, and, together with our recently announced London office, will further connect international capital with the exciting opportunities in Asia. This is part of HKEX’s ongoing commitment to further broaden international participation in our markets, strengthening Hong Kong’s position as a superconnector between East and West.”

Operating as HKEX (U.S.) LLC, the New York office will be led by Roger McAvoy, Managing Director and Head of Business Development, North America. The office will provide on-the-ground services to North American clients during their working hours, enabling the group to build stronger relationships with clients in the region.

Head of Business Development, North America, Roger McAvoy, added: “There is immense appetite for better insight and access to Asia capital markets in the US, and in opening up an HKEX office in New York, we can better align with our clients’ interests and ambitions. This is about bringing opportunities and expertise closer to our customers and we look forward to helping them tap into the Asia growth story in the future.”

The New York and London offices will complement HKEX’s existing international reach from its offices in Beijing, Shanghai and Singapore.

APPENDIX

• International investors account for about half and a third of Hong Kong’s cash equities total turnover and derivatives market trading volume, respectively
• Hong Kong is Asia’s biggest international listing venue for new economy and biotech companies. Hong Kong has consistently ranked as the top five global listing venue in the last decade
• HKEX’s cash and derivatives product ecosystem is unique, offering underlying assets in Greater China, the Asia Pacific and beyond, including a full suite of futures and options products that track Hang Seng and MSCI indexes
• International investors can enjoy access to Mainland China’s markets through the exclusive HKEX Connect programmes between Hong Kong and Mainland China – these cover stocks, bonds, ETFs, and most recently, swaps
• Over 70 per cent of all international investments into China’s A-share equities market are held via HKEX’s Stock Connect programme, which provides international investors with exclusive and reliable access to the onshore equities market
• HKEX’s Connect infrastructure continues to develop: international companies that primary list in Hong Kong now have exclusive access to Mainland China investors via Stock Connect, providing unique access to another significant and uncorrelated capital pool
• HKEX this week launched a new initiative to support trading of shares of eligible companies in both Hong Kong Dollar and the Renminbi, providing seamless and convenient choice for investors seeking to tap the significant pool of offshore Chinese currency in Hong Kong

HKEX CEO Nicolas Aguzin at the Nasdaq MarketSite

Source : HKEX