London Stock Exchange welcomes China’s GF Financial Markets as newest member

  • Underlines London’s position as a centre for international finance
  • Follows major Chinese ETF listings and RMB fundraising on the Professional Securities Market (PSM)

London Stock Exchange today welcomed GF Financial Markets (UK) LTD (GFFM) as its newest member; the first Chinese member firm focussing on equity and derivatives trading to join its markets. GFFM, part of the wider, Guangzhou-based GF Securities group is one of the largest integrated securities brokerage firms in China and also recently became a member of LCH.Clearnet, the leading multi-asset global CCP majority owned by London Stock Exchange Group.

GFFM is London Stock Exchange’s second Chinese member, joining CICC, and the move highlights London’s position as a global financial centre with investment links between the UK and China continuing to grow. In January, two China-focussed ETFs listed in London, including the CSOP Source FTSE China A50 UCITS ETF, the first ETF giving European retail and institutional investors access to China A shares. In the same month, Bank of China issued an RMB2.5bn (£250m) bond – the largest ever of its kind – on London Stock Exchange’s PSM.

Currently there are 58 Chinese companies listed on London Stock Exchange’s markets.

Nicolas Bertrand, Head of Equity and Derivatives Markets, LSEG said:

“We are delighted to welcome GF Financial Markets as a member. In joining our markets, it highlights the increasing appeal that London holds as a venue of choice for Chinese investment, trading and capital raising. This helps further strengthen the UK’s  ties with China and reinforce the reputation of London as one of the world’s leading financial centres.”

Edward Shi, Managing Director, GFFM said:

“GFFM is very pleased to become a London Stock Exchange member, following the acquisition of NCM Ltd last year and our admittance as the first Chinese category 1 ring member in LME. London is a leading international financial centre in the world, famous for its connectivity, diversity and speciality. We will make the best use of this platform to achieve GF group’s international dream and dedicate ourselves to serve Chinese and international investors. ”

 

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For further information:

 

Tom Gilbert  +44 (0)20 7797 1222 
newsroom@lseg.com 

 

Notes to editors:

About London Stock Exchange Group:

London Stock Exchange Group (LSE.L) is a diversified international exchange Group that sits at the heart of the world's financial community. The Group can trace its history back to 1801.

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 the pan-European equities platform, Turquoise. Through its markets, the Group offers international business, and investors, unrivalled access to Europe's capital markets.

Post trade and risk management services are a significant and growing part of the Group’s business operations. LSEG operates CC&G, the Rome headquartered CCP and Monte Titoli, the significant European settlement business, selected as a first wave T2S participant. The Group is also a majority owner of leading multi-asset global CCP, LCH.Clearnet.

The Group offers its customers an extensive range of real-time and reference data products, including Sedol, UnaVista, Proquote and RNS. FTSE calculates thousands of unique indices that measure and benchmark markets and asset classes in more than 80 countries around the world.

London Stock Exchange Group is also a leading developer of high performance trading platforms and capital markets software. In addition to the Group’s own markets, over 30 other organisations and exchanges around the world use the Group’s MillenniumIT trading, surveillance and post trade technology.

Headquartered in London, United Kingdom with significant operations in Italy, France, North America and Sri Lanka, the Group employs approximately 2,800 people.

Further information on London Stock Exchange Group can be found at: www.lseg.com