KRX chief departs for Hong Kong to attend meeting of Asian exchanges federation

Korea Exchange Chairman Jeong Eun-bo speaks during an event titled “Korea Exchange Global Roadshow in London: Kospi 6000 and Beyond” at CLSA’s London office on March 13. [KOREA EXCHANGE]

 

The chief of the Korea Exchange (KRX) departed for Hong Kong on Monday to attend a general meeting of a federation of stock exchanges in the Asia region, the bourse operator said.

 

KRX Chairman Jeong Eun-bo will take part in the event organized by the Asian and Oceanian Stock Exchanges Federation (AOSEF) on Wednesday to discuss ways to increase the competitiveness of the capital markets in the respective member countries, the KRX said.

 


 

Founded in 1982, the federation comprises 17 exchanges from 13 countries in the Asia region, including Korea, Japan and China.

 

After the meeting, Jeong is scheduled to visit the Shenzhen Stock Exchange, China’s second-largest bourse, which focuses on technology businesses such as the United States’ Nasdaq. There, he is expected to meet with Li Jizun, the CEO of the Chinese exchange, the KRX added.

 

During his visit, Jeong will also attend a global road show co-hosted by the KRX and Morgan Stanley, a U.S. investment bank, on Tuesday, with some 50 institutional investors in attendance.

 

He plans to introduce the government’s efforts to revitalize the Korean capital market, such as the recent revision to the Capital Markets Act, and improvements underway to facilitate foreign investors’ access to the local market, according to the KRX.

Yonhap