NEWS
China Exchanges Services Company launches operations
31 October 2012
Category:
News, Asia, China, Hong Kong
By Asia Asset Management
China Exchanges Services Company Limited (CESC), a joint venture of Hong Kong Exchanges and Clearing Limited, Shanghai Stock Exchange and Shenzhen Stock Exchange, officially commenced operations on Tuesday (October 30).
CESC's principal business includes the compilation of cross-border indices based on products traded on the three markets, the development of information standards and industry classifications, and the development and franchising of products, including index-linked and other equity derivatives. The business will also include market promotion, customer services, technical services, and infrastructure development.
"The launch of CESC brings together the experience and expertise of three of China’s largest and most important equity exchanges to link China's financial markets with the world," said CESC Chief Executive Bryan Chan. "With the staunch support of the three shareholder exchanges, CESC aims to contribute to the further internationalisation of China’s capital markets and to provide global investors with exposure to the world’s second-largest economy by developing a series of cross-border indices and related financial products."
CESC is currently working on real-time cross-border indices and related financial products.
China Exchanges Services Company Limited (CESC), a joint venture of Hong Kong Exchanges and Clearing Limited, Shanghai Stock Exchange and Shenzhen Stock Exchange, officially commenced operations on Tuesday (October 30).
CESC's principal business includes the compilation of cross-border indices based on products traded on the three markets, the development of information standards and industry classifications, and the development and franchising of products, including index-linked and other equity derivatives. The business will also include market promotion, customer services, technical services, and infrastructure development.
"The launch of CESC brings together the experience and expertise of three of China’s largest and most important equity exchanges to link China's financial markets with the world," said CESC Chief Executive Bryan Chan. "With the staunch support of the three shareholder exchanges, CESC aims to contribute to the further internationalisation of China’s capital markets and to provide global investors with exposure to the world’s second-largest economy by developing a series of cross-border indices and related financial products."
CESC is currently working on real-time cross-border indices and related financial products.
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