It will be its first overseas office.
The Hong Kong Exchanges and Clearing Limited (HKEX) opened its Singapore office of The Stock Exchange of Hong Kong Limited (SEHK) and the Hong Kong Futures Exchange Limited (HKFE), wholly-owned subsidiaries of HKEX.
According to a press release, it is the first overseas office of SEHK and HKFE. The office will help the exchanges serve their clients in Singapore and the rest of Southeast Asia and reach out to more potential clients in the region.
Trading by individuals and institutions from overseas accounts for more than 40% of SEHK turnover, with Singapore alone providing more than 8% of the international total.
HKEX chief executive Charles Li said, "The office is another step in our plan to develop our markets as unique platforms for cross-border access by international and Chinese investors, as well as attractive destination markets in their own right, offering a range of relevant products across three asset classes: Equities, Commodities and Fixed Income and Currency."
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