Clearstream International has completed implementation of two newly automated links to key Asian markets in The People's Republic of China and the Republic of Korea.
Clearstream's customers can now clear transactions, free of and against payment, in B shares listed on the Shenzhen and Shanghai Stock Exchanges and securities listed on the Korea Stock Exchange and the Korea Securities Dealers Association Automated Quotation system and any other securities designated as eligible in the Korea Securities Depository.
The new links bring the total number of Clearstream's Asia-Pacific links to ten, building on the existing network to markets in Japan, Hong Kong, Singapore, Thailand, Indonesia, Malaysia, Australia and New Zealand. The clearing house now has fully operational links to a total of 39 domestic markets.
Philippe Metoudi, executive director customer relations for the region, says: "This is another important step in enabling the Asia-Pacific region to improve its accessibility to international capital markets. Both these markets have huge potential and our customers will quickly recognise the benefits that these links bring. China has great potential for Clearstream and many of our Hong Kong customers have already expressed strong interest in this link which further enhances our commitment to the Greater China area."