Difference between revisions of "Hong Kong Bourse To Take 7 Stake In Guangzhou Futures Exchange"

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<br>HONG KONG, Feb 5 (Reuters) - The [http://www.fool.com/search/solr.aspx?q=Hong%20Kong Hong Kong] stock exchange operator will invest 210 million yuan ($32.5 million) in the Guangzhou Futures Exchange (GFE), saying on Friday it was the first [http://news.sky.com/search?term=equity%20investment equity investment] in a Chinese futures exchange by a non-mainland [https://www.kynghidongduong.vn/tours/tour-trung-quoc-quang-chau-tham-quyen-bang-tuong-5-ngay.html kynghidongduong.vn] Chinese investor.<br> <br>Hong Kong Exchanges and Clearing (HKEX) has in recent years looked to diversify away from cash equities into other products including derivatives, [https://www.kynghidongduong.vn/tours/tour-trung-quoc-quang-chau-tham-quyen-bang-tuong-5-ngay.html tour quảng châu] with mainland China linked products one focus.<br> <br>HKEX said in a statement it will have a 7% stake in GFE.<br> <br>The new exchange in Guangzhou, in southeastern China near Hong Kong, received approval from China's markets regulator last month.<br><br>($1 = 6.4700 Chinese yuan renminbi) (Reporting by Alun John; Editing by Alexander Smith)<br>
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<br>HONG KONG, Feb 5 (Reuters) - The Hong Kong stock exchange operator  [https://www.kynghidongduong.vn/tours/tour-trung-quoc-quang-chau-tham-quyen-bang-tuong-5-ngay.html kynghidongduong.vn] will invest 210 million yuan ($32.5 million) in the Guangzhou Futures Exchange (GFE), saying on Friday it was the first equity investment in a Chinese futures exchange by a non-mainland Chinese investor.<br> <br>Hong Kong Exchanges and Clearing (HKEX) has in recent years looked to diversify away from cash equities into other products including derivatives, with mainland China linked products one focus.<br> <br>HKEX said in a statement it will have a 7% stake in GFE.<br> <br>The new exchange in Guangzhou, in southeastern China near Hong Kong, received approval from China's [http://imgur.com/hot?q=markets%20regulator markets regulator]  [https://www.kynghidongduong.vn/tours/tour-trung-quoc-quang-chau-tham-quyen-bang-tuong-5-ngay.html tour quảng châu từ hà nội] last month.<br><br>($1 = 6.4700 Chinese yuan renminbi) (Reporting by Alun John; Editing by Alexander Smith)<br>

Latest revision as of 08:33, 10 May 2021


HONG KONG, Feb 5 (Reuters) - The Hong Kong stock exchange operator kynghidongduong.vn will invest 210 million yuan ($32.5 million) in the Guangzhou Futures Exchange (GFE), saying on Friday it was the first equity investment in a Chinese futures exchange by a non-mainland Chinese investor.

Hong Kong Exchanges and Clearing (HKEX) has in recent years looked to diversify away from cash equities into other products including derivatives, with mainland China linked products one focus.

HKEX said in a statement it will have a 7% stake in GFE.

The new exchange in Guangzhou, in southeastern China near Hong Kong, received approval from China's markets regulator tour quảng châu từ hà nội last month.

($1 = 6.4700 Chinese yuan renminbi) (Reporting by Alun John; Editing by Alexander Smith)

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