A Bold Move for Hong Kong's Financial Future

In a strategic move underscoring its commitment to Hong Kong's status as a global financial powerhouse, the Hong Kong Exchanges and Clearing Limited (HKEX) has announced plans to establish its permanent headquarters at the iconic Exchange Square.

Major Acquisition and Innovative Model

In a deal worth HK$6.3 billion, HKEX will acquire the top nine floors of One Exchange Square, along with additional space near HKEX Connect Hall. This purchase is backed by internal resources, showcasing HKEX's strong financial position. Moreover, the exchange will enter long-term leases for several floors in Two Exchange Square, embracing a hybrid approach that blends buying and renting, catering to the dynamics of different property cycles.

Revamping a Financial Landmark

HKEX Chairman Carlson Tong expressed pride in this transformative step, stating, "Exchange Square has observed the extraordinary evolution of Hong Kong's capital markets. We are excited to partner with Hongkong Land to develop our headquarters, revitalizing this prominent symbol at the heart of our financial landscape."

Enhancements for a Modern Community

In addition to its headquarters, Hongkong Land has pledged HK$400 million to modernize the public spaces within Exchange Square. Plans involve the introduction of HKEX-branded signage and a new welcoming reception lobby. These enhancements are designed to improve community engagement and upgrade the Museum of Finance, ensuring that Exchange Square remains a vital hub for both finance and the public.

A Historical Connection to the Financial Hub

Exchange Square, which opened its doors in 1985, has been a cornerstone of Hong Kong's stock exchange for nearly four decades. The recent developments signal a new chapter not just for HKEX, but for the entire financial ecosystem of Hong Kong.