Disruption as Usual: The China and Technology Perspective

Size: px

Start display at page:

Download "Disruption as Usual: The China and Technology Perspective"

Miranda O’Neal’
5 years ago
Views:

1 26 March 2019 Credit Suisse Asian Investment Conference 2019 Disruption as Usual: The and Technology Perspective Charles Li Chief Executive, HKEX Group

2 Disclaimer March 2019 The information contained in this document is for general informational purposes only and does not constitute an offer, solicitation, invitation or recommendation to subscribe for or purchase any securities, or other products or to provide any investment advice or service of any kind. This document is solely intended for distribution to and use by professional investors. This document is not directed at, and is not intended for distribution to or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject Hong Kong Exchanges and Clearing Limited ( HKEX ) to any registration requirement within such jurisdiction or country. This document contains forward-looking statements which are based on the current expectations, estimates, projections, beliefs and assumptions of HKEX about the businesses and the markets in which it and its subsidiaries operate. These forward-looking statements are not guarantees of future performance and are subject to market risk, uncertainties and factors beyond the control of HKEX. Therefore, actual outcomes and returns may differ materially from the assumptions made and the statements contained in this document. Where this document refers to Shanghai-Hong Kong Stock Connect and/or Shenzhen-Hong Kong Stock Connect (together, the Stock Connect programs), please note that currently, access to northbound trading is only available to intermediaries licensed or regulated in Hong Kong; southbound trading is only available to intermediaries licensed or regulated in Mainland. Direct access to the Stock Connect is not available outside Hong Kong and Mainland. Where this document refers to Bond Connect, please note that currently, access to northbound trading is only available to foreign investors that are able to trade onshore bonds on the Foreign Exchange Trade System & National Interbank Funding Centre. Although the information contained in this document is obtained or compiled from sources believed to be reliable, HKEX does not guarantee the accuracy, validity, timeliness or completeness of the information or data for any particular purpose, and shall not accept any responsibility for, or be liable for, errors, omissions or other inaccuracies in the information or for the consequences thereof. The information set out in this document is provided on an as is and as available basis and may be amended or changed. It is not a substitute for professional advice which takes account of your specific circumstances and nothing in this document constitutes legal advice. HKEX shall not be responsible or liable for any loss or damage, directly or indirectly, arising from the use of or reliance upon any information provided in this document. 2

Our 2019-2021 Strategic Vision The Markets Leader in the Asian Time Zone

3 Our Strategic Vision The Markets Leader in the Asian Time Zone Connecting, Connecting the World Anchored Technology Empowered ly Connected 3

4 Disruption as Usual: The Never-ending Technology Revolution Disruptive technologies and business models begin to threaten incumbent market players Digitalisation & Automation Distributed Ledger Technology Cloud Adoption Big Data/Artificial Intelligence Changing investor behaviour and increased technological sophistication Markets Markets 4

5 Unusual Disruption: s Inevitable Integration into Markets Second largest economy in the world with very different regulatory structures, market operations and investor bases Gradual internationalisation and ongoing structural reforms of s capital markets since the 2000s 5

Even More Unusual Disruption: Data as New Asset Class becomes a new global leading force in digital economy Large home market to drive rapid commercialisation of digital business models Massive

6 Even More Unusual Disruption: Data as New Asset Class becomes a new global leading force in digital economy Large home market to drive rapid commercialisation of digital business models Massive amount of data, valuable resources after being processed through AI Significant growth in number of unicorns and startups companies Unlock new growth opportunities, particularly with respect to data as a new asset class for the financial markets Data Computing Power AI Data Computing Power AI 6

Disruption as Usual: Hong Kong is the Connector Connect programmes provide the most mutually beneficial, secure, transparent and cost effective way to integrate the Chinese and international markets

7 Disruption as Usual: Hong Kong is the Connector Connect programmes provide the most mutually beneficial, secure, transparent and cost effective way to integrate the Chinese and international markets 2014 Shanghai-Hong Kong Stock Connect 2016 Shenzhen-Hong Kong Stock Connect 2017 Bond Connect (Northbound) Direct Access Direct Access Markets Markets Equity FIC Commodities International Post-trade Infrastructure Anchored Technology Empowered ly Connected Facilitating s internationalisation and investment diversification Leveraging new technology for modernisation and growth Bringing global liquidity to and Asia Pacific underlying 7

8 Strategic Plan Key Initiatives Anchored Support international portfolio diversification by Mainland investors and facilitate further internationalisation of the domestic capital markets through secure, effective and transparent channels across asset classes ly Connected Attract global liquidity to Hong Kong by providing broader and more effective access to Asia Pacific underlying, creating a comprehensive and competitive one-stop shop for and Asian exposures Technology Empowered Leverage technology to modernise our core business and explore new frontiers through strategic partnerships with technology leaders 8

9 Thank you HKEX Group Website: HKEXnews Website:

Q KEY REVENUE ANALYSIS. All data utilised is publicly available

Q KEY REVENUE ANALYSIS. All data utilised is publicly available KEY REVENUE ANALYSIS All data utilised is publicly available Disclaimer The information contained in this document is for general informational purposes only and does not constitute an offer, solicitation,