29 August 2015

China Exchanges Services Company launches

30 October 2012  |  1388 views  |  0 Source: China Exchanges Services Company

China Exchanges Services Company Limited (CESC), a joint venture of Hong Kong Exchanges and Clearing Limited, Shanghai Stock Exchange and Shenzhen Stock Exchange, officially commenced operations today (Tuesday).

CESC Co-Chairmen Jiang Jianren and Mao Zhirong hosted a cocktail reception in Hong Kong this evening to mark the joint venture's official launch. Joining the event were government officials of the Mainland and Hong Kong and senior representatives from the China Securities Regulatory Commission, Hong Kong's Securities and Futures Commission and the three stock exchanges. Other guests included market participants, fund managers and executives of information vendors.

CESC's principal business includes the compilation of cross-border indices based on products traded on the three markets, the development of information standards and industry classifications, and the development and franchising of products, including index-linked and other equity derivatives. The business will also include market promotion, customer services, technical services, infrastructure development and more.

"The launch of CESC brings together the experience and expertise of three of China's largest and most important equity exchanges to link China's financial markets with the world," said CESC Chief Executive Bryan Chan. "With the staunch support of the three shareholder exchanges, CESC aims to contribute to the further internationalisation of China's capital markets and to provide global investors with exposure to the world's second-largest economy by developing a series of cross-border indices and related financial products."

CESC is currently working on real-time cross-border indices and related financial products. CESC will announce the launch date of its products and services in due course. 

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Related company news

 


Your browser is unable to support Flash files.

Top topics

Most viewed Most shared
Android Pay could launch this week
6335 views comments | 26 tweets | 22 linkedin
FIS opens Indian financial inclusion lab
5814 views comments | 14 tweets | 2 linkedin
SunGard system glitch causes havoc for BNY...
5670 views comments | 12 tweets | 12 linkedin
Kenya's NIC Bank links to Twitter and What...
5277 views comments | 27 tweets | 14 linkedin
Wirecard bids for Worldpay - Bloomberg
4775 views comments | 10 tweets | 7 linkedin

Featured job

up to £95K base, £190K OTE, benefits
London, UK

Find your next job