Regulators in Hong Kong have given approval for brokerage firms under their oversight to become members of the London Stock Exchange plc (LSE).
The LSE said that it has received regulatory approval from the Hong Kong Securities and Futures Commission (SFC) to allow trading firms to become members of the exchange and to connect directly to both the most liquid stock market in Europe and the LSE’s derivatives market.
“This is a significant development in further deepening the ties between London, Hong Kong and China,” said Alexander Justham, CEO of the LSE. “Like Hong Kong, London has always been a market open to the world and we are excited about the increasingly strong relationship being forged between these two exceptional global financial centres.”