Photograph of HKEx's welcoming ceremony on 8 April for 12 financial institutions that will join its OTC Clear as founding shareholders
Corporate
Market Operations
08 Apr 2013
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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