HONG KONG, Nov. 12 (Xinhua) -- Invest Hong Kong, the investment promotion agency of China's Hong Kong Special Administrative Region (HKSAR) government, announced Thursday that leading global trading firm IMC Trading (IMC) has expanded its presence in the city to establish a hub for its Asia Pacific Systematic Equities business.
IMC uses advanced technology and research to trade across global financial markets, and the new office will support the recruitment of professionals such as quantitative researchers, software engineers, and traders.
As IMC continues to expand its regional footprint, the firm will double its local team to over 100 staff and leverage Hong Kong as a base for driving innovation in global trading.
Speaking at IMC's new office opening ceremony, Christopher Hui, secretary for financial services and the treasury of the HKSAR government, affirmed that Hong Kong will continue to promote the high-quality development of the financial market and support a richer range of indices, index-based ETFs (exchange-traded funds), and derivatives products.
He said he looks forward to seeing the expanded office of IMC become a platform for further innovation.
Alpha Lau, Invest Hong Kong's director-general of investment promotion, said that Invest Hong Kong is committed to bringing in businesses to enrich Hong Kong's financial trading ecosystem and continuously strengthening the city's position as a leading international financial center. ■
