London Stock exchange welcomes First Chinese member Firm

  • China International Capital Corporation (UK) Limited  is LSE’s first Chinese member firm
  • Members from 30 countries now trading on the Exchange

The London Stock Exchange Group today welcomes China International Capital Corporation (UK) Limited (“CICC UK”) as the Exchange’s first ever Chinese member firm. CICC UK will join the Exchange’s more than 400 other members drawn from 30 countries around the world becoming the first Chinese member in the LSE’s 210 year history.

China International Capital Corporation Limited, China's first joint venture investment bank, is expanding its activities in Europe. It launched its UK business in early 2010 to serve the ever increasing number of European clients looking to do business with China and to provide a European platform from which to service its Chinese client base.

Nicolas Bertrand, Head of Equity and Derivative Markets at London Stock Exchange Group, said:

“We are delighted to welcome China International Capital Corporation (UK) Limited as a London Stock Exchange member firm. CICC’s membership reinforces the LSE’s leading position as the world’s most international capital market.”

With a large membership base of over four hundred firms, the LSE offers the deepest pool of liquidity in UK equities. CICC UK’s membership represents the Group’s increasingly active relationship with the Chinese market. 51 Chinese companies are listed on the Exchange with a combined market cap of £30bn.

Xinhan Xia, Managing Director at China International Capital Corporation (UK) Limited, said:

“We are extremely pleased to be the first Chinese bank to become a member of the London Stock Exchange.  Both the London Stock Exchange and the local investors have played an important role in helping to bring about the success of CICC, by way of providing sources of capital and a listing venue for Chinese companies.  Membership of the London Stock Exchange will further enable us to build a two way bridge between China and the world’s top financial centre.”

 

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For further information, please contact:

Tom Gilbert                                        Press Office +44 (0)20 7797 1222

                                                            newsroom@londonstockexchange.com

 

Notes to editors:

About London Stock Exchange Group:

London Stock Exchange Group is Europe's leading diversified exchange business, incorporating Borsa Italiana and the London Stock Exchange. With over 500 member firms and more than 3,000 companies quoted across its markets, the Group operates the largest and most liquid equity marketplace in Europe.

The London Stock Exchange itself is the world's most international exchange with more than 600 overseas companies from over 70 countries. These figures include international companies quoted on the Alternative Investment Market (AIM), the London Stock Exchange's growth market, and the world's most successful market for small and medium sized enterprises with over 1,200 companies.

The Group offers trading in a wide range of instruments, holding the number one position in the trading of exchange-traded products (ETFs and ETCs) and through its interest in MTS, is Europe’s leading platform for the trading of fixed income products. Through the Order Book for Retail Bonds and Mercato Telematico delle Obbligazioni (MOT) the Group also offers a comprehensive range of UK and European corporate and government bond trading services. Its Italian Derivatives Exchange Market (IDEM) sees over €2.5 billion worth of trading every day and through EDX London the Group provides a facility for the trading of Scandinavian and Russian equity derivatives.

London Stock Exchange Group also offers post-trade services such as netting, clearing and settlement on an efficient and competitive basis. These include services from Monte Titoli, the Central Securities Depository for all Italian financial instruments, and Cassa di Compensazione & Garanzia (CC&G), which in July 2009 was granted Recognised Overseas Clearing House (ROCH) status by the FSA to operate in the UK.

With the acquisition of MillenniumIT, the Group encompasses a leading developer of low cost high performance trading platforms and financial markets software serving both the industry and the Group's own businesses.

Since February 2010 London Stock Exchange Group has owned a majority stake in Turquoise, a Multilateral Trading Facility (MTF) providing pan-European and US lit and dark equity trading in some 2,000 securities across 19 countries.

 

About the CICC Group:

CICC was established in 1995 as a strategic partnership between prestigious Chinese international financial institutions and corporations.  Headquartered in Beijing, CICC has offices in Hong Kong, New York and Singapore and has most recently established China International Capital Corporation (UK) Limited in London.  CICC also has a branch office in Shanghai and fifteen securities brokerage branches in strategic locations across China. 

As a China-based investment bank, CICC has built up comprehensive knowledge of China’s legal, regulatory, economic, cultural, business and market environment, enabling it to offer integrated capital market solutions and services to clients in step with China’s major economic trends, industry developments and market conditions.  Capitalising on this knowledge, CICC has been able to achieve milestones on transactions in telecommunications, power, transportation, oil and gas, petrochemicals, metals and mining and financial services.   

With extensive global market experience, CICC offers both domestic and international clients financial services which are tailored to their specific needs.  The firm has a strong award-winning investment banking team capable of delivering value to clients through a full range of world-class financing solutions.  The debt and equity capital markets teams have played a significant role in introducing best international practice into China’s markets and have been innovators in execution, deal structuring, product design, pricing, allocation mechanisms and new product development.  Established in 1997 and with full membership of the Shanghai, Shenzhen and Hong Kong Stock Exchanges, the Institutional Securities Sales and Trading Department offers market leading securities brokerage and investment advisory services to both Chinese and global institutional clients.  These brokerage and investment advisory services are also provided to high net worth individuals through the CICC Private Client Service and the CICC Private Wealth Management Department has the ability to provide fully integrated services for ultra high net worth clients from around the world.  The firm has established fixed income and private equity business lines and the Asset Management Department works to provide a wide array of quality investment management services to both domestic and international clients.  CICC Research is a global top tier China research team with extensive coverage across both domestic and international markets.