Off the wire
• 1st Ld: CPC targets transparency to woo foreign investors  • Urgent: Forest fire kills 4 more in Indonesia  • Cambodia marks 11th anniversary of King's coronation  • Philippines urges public to observe balanced diet  • 1st LD-Writethru: Innovation put at core of China's five-year plan  • Domestic advance voting starts in Myanmar for general election  • Australia not to join U.S. operation in South China Sea: FM  • 1st LD-Writethru: CPC vows less government price intervention  • 1st LD Writethru: Britain likely to publish Iraq Inquiry in June or July next year  • 11 dead, over 40 missing as refugee boats sink in Aegean  
You are here: 　 Home

HK-domiciled trading firms gain easy access to European derivatives market

Xinhua, October 29, 2015 Adjust font size:

Euronext announced on Thursday that regulatory approval has been given for Hong Kong domiciled trading firms to become members of the Euronext's Paris derivatives markets.

In a statement, the pan-European exchange said it has received approval from the Hong Kong Securities and Futures Commission (HKSFC) to provide automated trading services to clients domiciled in Hong Kong.

"We can now provide clients in Hong Kong direct access to a wide range of our derivatives contracts including CAC40 index futures and options, as well as our benchmark milling wheat and rapeseed commodities," Lee Hodgkinson, head of Global Markets & Sales of Euronext, said.

Lee said China is at the core of Euronext's expansion plans, calling this approval another "milestone" in the exchange's strategy to facilitate investment in European markets from the Chinese investment community.

The Euronext statement quoted Tan Yueheng, chairman of Chinese Securities Association of Hong Kong, as saying that in the long term, the move will allow Euronext "to provide a more diversified and efficient derivatives service for Chinese clients."

As of the end of 2014, approximately 1,300 issuers representing a combined market capitalisation of around 2.8 trillion euros were admitted to trading on Euronext's markets. Since its IPO in June of 2014, Euronext has established cooperation with several important Chinese banks and exchanges, such as Bank of China, China Construction Bank, Shanghai Stock Exchange and Shenzhen Stock Exchange. Enditem