London Stock Exchange Group hosts second annual conference in Beijing
- Event focuses on the growing financial ties between China and London
- Ma Jun, Chief Economist, People’s Bank of China, discusses China’s Green finance initiatives
- Event follows landmark state visit of Chinese President Xi Jinping to London
London Stock Exchange Group today held its second annual conference in Beijing. The event brings together leading Chinese companies, banks and advisors to discuss China’s investment outlook, equity and debt capital raising in the UK, Chinese companies’ experience in London and London’s role in facilitating the growing Chinese interest in green finance.
Dr Ma Jun, Chief Economist, People’s Bank of China gave the keynote address, discussing China’s green finance initiatives and the need for international fundraising to support these. Also speaking at the Forum was LI Zhenjiang, Executive Vice President, Agricultural Bank of China.
Nikhil Rathi, CEO, London Stock Exchange plc & Director of International Development, LSEG said:
“We are honoured to welcome Dr Ma Jun to speak at our IPO Forum. Today’s events and the high quality of speakers and attendees clearly demonstrate the growing strength of the links between China and London. We are committed to working together with local companies, financial institutions and regulators to build a vibrant international market in London for Chinese equity and debt funding as well as supporting China’s ambitious green finance agenda”
London Stock Exchange has a strong track record of supporting Chinese equity and debt issuance on its markets. 49 Chinese companies are quoted in London. In addition, there are 39 so-called dim sum bonds on London Stock Exchange’s markets, which have raised £2.2bn and 7 RQFII ETFs, including the first ETF in Europe denominated in RMB.
London Stock Exchange is also at the forefront of the new and fast growing demand for green investment products. This year it welcomed 24 green bonds to its markets, including those denominated in Renminbi and Rupees. In July, London Stock Exchange launched a range of dedicated ‘green bond’ segments on its fixed income market, offering issuers a flexible range of market models while benefiting from the international reach of London markets.
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Notes to editors:
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.