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CESC/CSI Joint News Release
China Exchanges Services Officially Launches
Updated: 30.10.2012
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 today (Tuesday).
CESC Co-Chairmen Jiang Jianren and Mao Zhirong hosted a cocktail reception in Hong Kong this evening to mark the joint venture's official launch. Joining the event were government officials of the Mainland and Hong Kong and senior representatives from the China Securities Regulatory Commission, Hong Kong's Securities and Futures Commission and the three stock exchanges. Other guests included market participants, fund managers and executives of information vendors.
A video introducing CESC and its logo, a fluid circle which symbolises endurance, vitality and unity, was shown at this evening’s cocktail reception.
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, infrastructure development and more.
"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. CESC will announce the launch date of its products and services in due course.
Further information on CESC is available on its website (
www.cesc.com).
A cocktail reception was held today (Tuesday) to mark the official launch of CESC, a joint venture of HKEx, the Shanghai Stock Exchange and Shenzhen Stock Exchange.
From left to right: CESC Director and Chief Executive Bryan Chan, CESC Co-Chairman Jiang Jianren, Shanghai Stock Exchange Deputy General Manager Xu Ming, SFC Chief Executive Officer Ashley Alder, Director-General of the Economic Affairs Department of the Central Government Liaison Office in Hong Kong Wang Bingxin, HKEx Chief Executive Charles Li, Hong Kong Under Secretary for Financial Services and the Treasury Julia Leung, Deputy Director-General of the CSRC International Cooperation Department Han Ping, Chief Researcher of the Shenzhen Stock Exchange Jin Liyang and CESC Co-Chairman Mao Zhirong.
CESC Directors were joined on stage by VIP guests for a toast during today’s cocktail reception.
From left to right: CESC Director and Deputy Chief Executive Wu Ying, CESC Director Calvin Tai, CESC Director Bean Zhang, CESC Director and Chief Executive Bryan Chan, CESC Co-Chairman Jiang Jianren, Shanghai Stock Exchange Deputy General Manager Xu Ming, SFC Chief Executive Officer Ashley Alder, Director-General of the Economic Affairs Department of the Central Government Liaison Office in Hong Kong Wang Bingxin, HKEx Chief Executive Charles Li, Hong Kong Under Secretary for Financial Services and the Treasury Julia Leung, Deputy Director-General of the CSRC International Cooperation Department Han Ping, Chief Researcher of the Shenzhen Stock Exchange Jin Liyang, CESC Co-Chairman Mao Zhirong, CESC Director Yang Qiumei, CESC Director Tian Po, CESC Director and Deputy Chief Executive Xie Liansheng.
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