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Underscoring the Japanese Monex Group's commitment towards Hong Kong and the Greater China region, Managing Director of Monex Group Inc, Mr Tsutomu Nakajima, relocated to Hong Kong as Chairman and Managing Director of Monex International Ltd as of February 14, 2011.
Representative Director, Chairman and CEO of Monex Group, Mr Oki Matsumoto, said, "Hong Kong plays a significant role as a gateway in and out of China and is one of the worldˇ¦s most rapidly growing financial centres. Under such favourable circumstances, I believe providing individual investors with financial services, using the knowledge from within Monex Group, will provide a contribution to individual investors in Asia and to the further development of the Monex Group."
Monex International Ltd is a holding company of Boom Securities (HK) Ltd, fully owned by Monex Group. It was formed after Monex announced the acquisition of Boom in July 2010. Boom Securities is a fully licensed broker/dealer regulated by the Securities and Futures Commission and is headquartered in Hong Kong. The company offers individual investors worldwide with international online trading services, allowing them to trade a range of investment choices in more than 17 stock markets using multiple currencies, via one stock trading account on a single platform.
Mr Matsumoto said, "Our plan is to use the Hong Kong operation as our hub in Asia, to serve as the core stronghold for China business development. Leveraging on the strong credit and risk control capabilities of Monex Group, we will further expand our margin trading business and introduce new services such as foreign exchange margin trading and derivative products like futures and options. In terms of the technological interface, we will explore the possibility of providing trading tools."
Director-General of Investment Promotion at Invest Hong Kong, Mr Simon Galpin, welcomed the setting up of Monex International Ltd in Hong Kong. He said, "This is a vote of confidence by Monex on the role of Hong Kong as China's global financial centre. We have already seen many Japanese companies setting up headquarters in Hong Kong to access the Asian and Mainland China markets. Monex not only introduces new product development but also brings online interface trading technologies to add to the portfolio of financial services offerings in our city. We wish Monex every success in its expansion plan."
About Monex International Ltd
Monex International Ltd is a holding company of Boom Securities (HK) Ltd and is fully owned by the Japanese Monex Group, Inc. which is listed on the First Section of the Tokyo Stock Exchange under the ticker symbol 8698. The group provides various other financial services such as asset management, investor education, mergers and acquisitions, and foreign exchange trading. Its goal is to become a leading global integrated online financial services group. Monex, Inc. is one of the largest online securities brokers in Japan and is well-known for its innovative products and services. For more information, please visit www.monexgroup.jp/en/ .
About Invest Hong Kong
Invest Hong Kong is the department of the Hong Kong Special Administrative Region (HKSAR) Government established in July 2000 to take responsibility for Foreign Direct Investment and support overseas and Mainland businesses to set up or expand in Hong Kong. It provides free advice and customised services to help businesses succeed in Hong Kong's vibrant economy. As it celebrates its 10th anniversary, Invest Hong Kong has completed over 2,100 investment projects creating over 26,000 new jobs in the first year of operation or expansion and HK$57 billion of investment. For more information, please visit www.investhk.gov.hk.
Ends/Monday, February 28, 2011
Issued at HKT 09:01
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