The London Stock Exchange Monday opened its Asia-Pacific regional office in Hong Kong, underlining its ongoing commitment to both China and the wider Asia-Pacific region.

The office was formally opened by Chris Gibson-Smith, the exchange's chairman, Henry Tang, financial secretary of the Hong Kong SAR, and Alderman Robert Finch, Lord Mayor of the City of London.

Henry Tang said London Stock Exchange's choice to set up its regional office in Hong Kong will no doubt further strengthen Hong Kong's position as the international financial center in Asia.

"With our sophisticated banking system, rule of law, a large pool of first-rate professionals and strategic geographical location, Hong Kong is the most ideal place for international players in the financial services sector to access the region, including the Chinese mainland, which is one of the largest and fastest growing economies in the world."

With its Hong Kong office, the Exchange will be targeting the flotation of medium to large enterprises in China. The Exchange will also continue to promote dual listings in London and Hong Kong through a single prospectus.

Source: Xinhua