SGX Adds China Xin Yongan Futures To Its Hong Kong Membership
Jiang Lin Qiang, Director of China Xin Yongan Futures Company Limited, said “Known from our customers that SGX’s innovative products are very important part in their investment portfolio. We are delighted to be a derivatives trading member of SGX which is a valuable step in our global market expansion. We expect to more closely cooperate with SGX to further promote products from SGX to our customers.
Chew Sutat, Head of Sales and Clients at SGX, said, “We have received strong support from our clients and members since SGX started office in Hong Kong. China Xin Yongan Futures is an important addition to our derivatives market as we continue to extend our footprints in the Greater China region. We welcome more brokers to become part of our trading community as we progressively introduce new products to enhance our suite of equity index and commodities based derivatives.”
The admission of China Xin Yongan Futures increased the number of Trading Members for SGX’s derivatives market to 47. In addition, SGX has 25 Clearing Members in its derivatives market, and 11 Clearing Members clearing OTC-traded financial derivatives on SGX AsiaClear. SGX’s securities market has in total 26 Trading Members and 26 Clearing Members.