HKEX Unveils Plans to Open London Office in H1 2023

Hong Kong Exchanges and Clearing Limited (HKEX) today disclosed its plans to establish its first European office in London in the first half of 2023. The new office will be led by Raymond Wong, Head of EMEA Business Development, who will report to Kevin Rideout, HKEX Co-Head of Sales and Marketing.

According to the official press release, the new launch will promote HKEX's international equities franchise, its exclusive connectivity with Mainland China’s capital markets and its rapidly expanding derivatives product suite.

Besides, the London office will offer the group’s European clients with on-the-ground expertise and insight on Hong Kong’s capital market opportunities and innovations. The Stock Exchange of Hong Kong Limited and the Hong Kong Futures Exchange Limited, subsidiaries of HKEX, have been confirmed as Recognised Overseas Investment Exchanges by the UK's Financial Conduct Authority this week.

"We are delighted to be opening HKEX’s first European office in London, one of the world’s most dynamic and vibrant financial, business and cultural cities. HKEX has strong ties with the financial community in London through the London Metal Exchange, and this new office will further strengthen our commitment to supporting the ambitions of our broad range of customers around the world. Together with our newly-opened New York office, our footprint will now cover all key global time zones, supporting us as we connect capital with opportunities and East with West," stated HKEX Chief Executive Officer, Nicolas Aguzin.

Currently, HKEX has offices across Beijing, Shanghai and Singapore.

Last week, HKEX reported its revenue and other income for Q4 2022​ totaled $5,201 million, which was 10% higher than that of in the last same period, reaching a record high for the fourth quarter.