Hong Kong Exchanges and Clearing (HKEX) has appointed
Johnson Chui, a seasoned funding banker with over twenty years of expertise,
as Managing Director and Head of International Issuer Providers.
Chui’s position can be pivotal in HKEX’s efforts to attract
worldwide corporations to checklist in Hong Kong, diversifying the trade’s
predominantly mainland Chinese language issuer base, South China Morning Submit reported.
HKEX’s International Aspirations
Chui’s appointment additionally indicators the trade’s
dedication to increasing its worldwide attain. Chui will lead groups throughout
Hong Kong, mainland China, London, and Singapore, specializing in attracting a
broader spectrum of issuers to town.
Chui brings a wealth of expertise from top-tier
monetary establishments, together with Goldman Sachs, Citigroup, Credit score Suisse, and
most not too long ago, Nomura. At Nomura, he served as Managing Director and the Head
of Fairness Capital Markets for Asia, excluding Japan.
His intensive background in fairness capital markets
equips him with the experience to navigate the complexities of world
fundraising. The HKEX has been making important strides to place itself as
a number one international trade.
Earlier this yr, HKEX signed agreements with
exchanges within the Center East and Indonesia to facilitate cross-listings, a transfer
geared toward attracting extra worldwide IPOs. Moreover, former CEO Nicolas
Aguzin expanded HKEX’s international footprint by opening places of work in London and New
York, furthering the trade’s attain into key monetary markets.
Strengthening the IPO Market
HKEX isn’t just centered on attracting abroad
listings; it is usually working to take care of its stronghold on the IPO market.
In response to the SCMP, the trade introduced measures to decrease the itemizing
thresholds for pre-revenue know-how corporations and special-purpose acquisition
corporations (SPACs).
The outcomes of those efforts are reportedly starting
to indicate. HKEX reported its finest second quarter on file, with 18 corporations
elevating a mixed HK$8.6 billion (US$1.1 billion), marking a 79% enhance from
the earlier quarter. The trade is at present reviewing 106 itemizing
functions.
This text was written by Jared Kirui at www.financemagnates.com.
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