LSE Launches Hong Kong Office
The London Stock Exchange (LSE) on Monday opened a regional office in Hong
Kong in order to capitalise on the growing number of Chinese firms seeking to
raise global capital. According to LSE chairman Chris Gibson-Smith, the move also aims to take advantage
of the fact that listing restrictions and requirements in the United States
are becoming increasingly onerous. "We are backed by a regulatory regime which is quite distinctive from
our competition, which is heavily rule-based and heavily sanction-based,"
he explained on Monday. The office was formally opened by Mr Gibson-Smith, Henry Tang, Financial Secretary
of the Hong Kong SAR, and Alderman Robert Finch, Lord Mayor of the City of London,
who is currently leading a trade mission to China comprised of key figures from
the UK financial services industry. The regional office is the Exchange’s first in Asia-Pacific and will be headed
by Jane Zhu, the Exchange’s Head of Asia-Pacific. A comprehensive report describing the thirteen offshore stock exchanges, their specialisations and regulatory structure, is available in the Tax-News Reports Shop at http://www.tax-news.com/reportshop/
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