Beijing Branch of Korea Exchange

The Korea Stock Exchange officially held an unveiling ceremony at the Beijing CBD Huamao Marriott Hotel on the afternoon of April 24.

Lee Jung-hwan, chairman of the Korea Exchange, said that the establishment of the Beijing representative office will consolidate the geographical and industrial structure similarities of the Korea Exchange's commitment to expanding overseas financing markets for Chinese companies, and help Korea build Northeast Asian finance. lay a solid foundation for the center’s goals. At present, the Korean Exchange has attracted three Chinese companies, Shenzhen Sannuo, Huafeng Textile, and Gaowei Optical Electronics, to list in South Korea. There are still 17 Chinese companies that have signed lead underwriter agreements on the main board and GEM markets, and reserve companies expect that 10-15 more will add lead underwriter agreements. With the establishment of the Beijing representative office, the Korea Exchange aims to strengthen direct communication with more high-quality Chinese companies, timely transmit information on the Korea Exchange's supervision and securities markets, attract more Chinese companies to list in Korea, and help them become a global leader. . Against the background of global exchanges rushing to gain access to China, the Korea Exchange has further reduced listing fees and post-listing maintenance fees for companies, which are only 1/3-1/2 of exchanges in the United States, Europe, and Japan.

Lee Jung-hwan, chairman of the Korea Exchange, said, "The establishment of a representative office in Beijing will provide an opportunity for closer exchanges between the capital markets of China and South Korea. In the future, exchanges and contacts in the capital markets between the two countries will be more "In-depth and frequent." Li Zhenghuan said that currently, 12 Korean institutions have submitted QFII qualifications to the China Securities Regulatory Commission, and the number of institutions preparing to submit is several times that number. If South Korea's QFII is allowed to invest in China's A-share market, I believe it will be good news for A-shares. At present, large Chinese securities firms have established legal entities in South Korea, and the Korean securities market also welcomes Chinese securities firms to apply for investment banking business licenses from South Korea. It is expected that the Vice Chairman of the China Securities Regulatory Commission will lead a team to South Korea in May to focus on inspecting and learning the successful experience, supervision and operation of the Korean GEM market.