Hong Kong Exchanges and Clearing Limited (HKEx) today (Monday) officially welcomed 12 financial institutions that will join OTC Clearing Hong Kong Limited (OTC Clear), a clearing house HKEx established for the purpose of providing clearing services for over-the-counter (OTC) derivatives, as founding shareholders.  Participants in today’s welcoming ceremony at the Exchange Exhibition Hall included (from left to right) Patrick Kwan of Barclays Bank PLC; Adrian Li of The Bank of East Asia Limited; Michael Fung of J.P. Morgan; Liu Xiaochun of Agricultural Bank of China Limited, Hong Kong Branch; Chen Aiping of Industrial and Commercial Bank of China (Asia) Limited; Anita Fung of The Hongkong and Shanghai Banking Corporation Limited; HKEx Chairman C K Chow; Professor K C Chan, Hong Kong’s Secretary for Financial Services and the Treasury; HKEx Chief Executive Charles Li; Wong See Hung of Bank of China (Hong Kong) Limited; John Tan of Standard Chartered Bank (Hong Kong) Limited; Lu Yang of CCB International Securities Limited; Shou Fugang of Bank of Communications Co., Ltd, Hong Kong Branch; Weber Lo of Citibank, N.A.; and Jatin Rajput of Deutsche Bank AG.

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