HONG KONG, May 27, 2020 /PRNewswire/ -- Hong Kong Exchanges
and Clearing Limited (HKEX) is today pleased to announce that its
wholly owned subsidiary, Hong Kong Futures Exchange Limited, has
signed a major licensing agreement with MSCI Inc. (NYSE: MSCI), a
leading provider of mission critical decision support tools and
services for the global investment community, to license a suite of
MSCI indexes in Asia and Emerging
Markets for the introduction of futures and options contracts in
Hong Kong.
The introduction of the 37 futures and options contracts remain
subject to regulatory approvals and market conditions. HKEX
will inform the market of the launch dates of the contracts and
provide detailed product specifications once the launch dates have
been confirmed.
This agreement will notably expand HKEX's existing relationship
with MSCI, following the successful launch of MSCI Asia Ex-Japan
Index futures, and last year's joint announcement on the planned
launch of MSCI China A Index futures. This agreement further
anchors HKEX and MSCI's commitment to the global trading community
and to their long-term product development and innovation programme
in the region.
Charles Li, Chief Executive, HKEX
said: "This is very exciting news indeed for Hong Kong and HKEX. As the global
markets leader in the Asian timezone, and reflecting our unique
role connecting markets and investors across the world, we are very
pleased to today be announcing this major agreement with MSCI.
Bringing enhanced liquidity to our markets, this builds on
our stated strategy and our 2019 commitment to launch MSCI China A
index futures in Hong Kong. It comes at a time when
Hong Kong's derivatives market is
going from strength to strength and represents another significant
development in continuing to build the breadth, depth and
attractiveness of Hong Kong's
vibrant financial markets."
Henry Fernandez, Chairman and
Chief Executive Officer at MSCI, added: "MSCI's mission as a
provider of tools, services and insights for the global investment
industry is to help investors around the world better understand
and navigate investment opportunities and risks. As we
continue to see increasing demand from global investors in
enhancing their risk management capabilities, we are pleased to
license HKEX to use our indexes for this expansive suite of new
trading and risk management tools for global investors."
NOTE TO EDITORS
Please refer to the HKEX website for the expected
list of initial contracts (subject to regulatory approvals and
market conditions).
For enquiries, please contact Corporate Communications
Jeffrey Ng (+852 2840 2067 /
jeffreyhwng@hkex.com.hk)
Wong Sau Ching (+852 2840 3856 /
wongsauching@hkex.com.hk)
About HKEX
Hong Kong Exchanges and Clearing Limited (HKEX) is one of the
world's major exchange groups, and operates a range of equity,
commodity, fixed income and currency markets. HKEX is the
world's leading IPO market and as Hong
Kong's only securities and derivatives exchange and sole
operator of its clearing houses, it is uniquely placed to offer
regional and international investors access to Asia's most vibrant markets.
HKEX is also the global leader in metals trading, through its
wholly owned subsidiaries, The London Metal Exchange (LME) and LME
Clear Limited. This commodity franchise was further enhanced
with the launch of Qianhai Mercantile Exchange (QME), in
China, in 2018.
HKEX launched the pioneering Shanghai-Hong Kong Stock Connect
programme in 2014, further expanded with the launch of Shenzhen
Connect in 2016, and the launch of Bond Connect in 2017.
www.hkexgroup.com