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.
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