London Stock Exchange to offer Membership to Hong Kong firms

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 announced on 15 June 2015 it has received regulatory approval from Hong Kong’s Securities and Futures Commission[1], 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.

The agreement also comes on the day London Stock Exchange Group hosts its second annual Greater China Capital Markets conference. Click here for details about the event>  

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.

[1] Authorisation to provide automated trading services (ATS) in Hong Kong via Millennium Exchange and SOLA trading systems