Hong Kong Exchanges and Clearing Limited (HKEx) and the China Futures Association (CFA) signed a Memorandum of Understanding (MOU) today (Monday) on cooperation and the exchange of information.
The MOU was signed by HKEx Chief Executive Charles Li and CFA Chairman Liu Zhichao in Shenzhen, where they have been attending the 9th China (Shenzhen) International Derivatives Forum.
“This is an important step in furthering our relationship and communication with the CFA and Mainland futures industry,” Mr Li said. “We hope we can help Mainland futures brokers reach out globally by offering them a market with a wide range of products to meet their clients’ investment and risk management needs, as well as a platform for capital formation.”
“The HKEx derivatives market is a highly internationalised market with Participants from 15 major markets1. Mainland futures brokers2 are already among the major players in our markets and we expect the numbers to grow along with Mainland demand for hedging and risk management tools as more funds from the Mainland are invested overseas,” Mr Li added.
HKEx also held in Shenzhen today a workshop at the forum on topics ranging from listing in Hong Kong and cross-border investment opportunities to commodities trading and derivatives as risk management tools. More than 80 people from the Mainland futures brokerage industry attended.
| Notes: |
| 1 |
In addition to Hong Kong and Mainland China, participants of HKEx’s derivatives market also came from Australia, Canada, France, Germany, Indonesia, Japan, Malaysia, the Netherlands, Singapore, Switzerland, Taiwan, the United Kingdom and the United States. |
| 2 |
At the end of November 2013, 34 out of 179, or about 19 per cent, of the Participants in HKEx’s derivatives market are from the Mainland. |
HKEx Chief Executive Charles Li (front left) presents a glass horse sculpture to China Futures Association (CFA) Chairman Liu Zhichao (front right) after their signing an MOU on cooperation and the exchange of information at a ceremony held in Shenzhen today.
The signing ceremony was attended by Calvin Tai, HKEx's Co-head of Equities and Fixed Income and Currency (first from left, second row), Mao Zhirong, HKEx’s Head of Mainland Development (second from left, second row), Sun Mingfu, CFA’s Deputy Secretary General and Director of its General Office (second from right, second row) and Liu Hui, CFA’s Deputy Director of its General Office.
HKEx Chief Executive Charles Li speaks at a workshop held by HKEx at the 9th China (Shenzhen) International Derivatives Forum. More than 80 people from the Mainland futures brokerage industry attended the workshop. Topics discussed in the workshop range from listing in Hong Kong and cross-border investment opportunities to commodities trading and derivatives as risk management tools.
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