Hong Kong Exchanges & Clearing on Tuesday marked a decisive break from decades of reliance on cash equities as it laid out a strategy to becoming the main gateway for domestic Chinese investors seeking greater access to the rest of the world.
The HKEx will focus on becoming a “multi-asset class exchange” that serves as a “one-stop shop for Chinese investors”, it said in a statement, and hopes to see a “breakthrough” in the commodities business following its acquisition of the London Metals Exchange last year.
The company also believes that the next three years will see an acceleration of the opening of China’s capital account, and will pivot further towards serving the needs of mainland investors rather than international investors seeking greater access to China.