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TMX Group Inc. today announced the opening of a representative office of its indirect wholly owned subsidiaries, Toronto Stock Exchange and TSX Venture Exchange, in Beijing, China. The Honourable Jim Flaherty P.C., M.P. Minister of Finance participated in the office's opening ceremonies in Beijing earlier today.
Tom Kloet, CEO, TMX Group said: “Opening an office in Beijing underscores our commitment to ensuring that the benefits of the Canadian capital markets are well understood around the world. We're pleased to continue TMX Group's global expansion by opening an office in this important region.”
Minister Flaherty added: "I am honoured to be present in Beijing for the opening of the TSX's office in the People's Republic of China. The opening of the TSX office in Beijing demonstrates the opportunities that Canadian businesses see to further their relationship with the People's Republic of China. It creates an important bridge between our respective capital markets and brings our market participants closer together."
Today's announcement follows the success of TMX Group's international office in London, U.K. which opened in early 2011, and is part of the company's overall objective of furthering its international profile and presence.
The company's efforts in China will focus primarily on advancing Canada's capital markets and the business of TMX Group's equity exchanges. The office will also provide the ability to offer enhanced services to new and existing clients in China.
