Calvin Choi meets with Ms. Stacey Cunningham, President and CEO of New York Stock Exchange

On 24th January, Calvin Choi, Chairman and President of AMTD Group met Ms. Stacey Cunningham, President and CEO of the New York Stock Exchange at the AMTD House, exchanged views on the reform and development of the US securities markets and how to attract more innovative technology companies from China. Ms. Stacey Cunningham hopes that AMTD can be a model for the new generation of Hong Kong financial institutions and can promote and lead more Chinese enterprises to invest in the US capital markets. Ms. Stacey Cunningham became the 67th President of the New York Stock Exchange (NYSE) in May 2018, the first female leader in the 226-year history of NYSE.

Calvin Choi firstly welcomed Ms. Stacey Cunningham for her visit to the AMTD House and thanked her supports to AMTD Group. Calvin Choi briefed Ms. Stacey Cunningham on the development of AMTD Group in recent years, especially the efforts and achievements in serving Chinese technology companies to the US capital markets in the past year. Calvin Choi mentioned, as a comprehensive financial institution rooted in Hong Kong and serving globally, AMTD Group is always committed to being the role of “super connector” , connecting the enterprises, investors and capital markets to help more Chinese innovative enterprises to expand into international markets.

Ms. Stacey Cunningham congratulates AMTD Group on its development in recent years and appreciates for the efforts made by AMTD to the Chinese innovative enterprises to land on the NYSE in the past year. Ms. Stacey mentioned, China is one of the important sources of international companies listed on the NYSE. In recent years, NYSE has also been promoting reform and innovation to attract more outstanding Chinese companies to land in the US capital markets. AMTD is the leading financial institution and representative of the new generation in Hong Kong. NYSE will maintain closer communication, contact and cooperation with AMTD to support more outstanding Chinese companies to expand into the US markets and utilize the resources and advantages of the US capital markets to promote international development.

Since the second half of 2018, AMTD has taken a step-by-step effort to develop US IPO projects, leading the Chinese innovative enterprises to land in NYSE and NASDAQ including 360 Finance, X Financial, Weidai, Tuanche, Aptorum Group etc. Rarely Hong Kong-based financial institutions can provide a full range of US listing services compared to other international investment banks. Not only that, but in the past year, AMTD also actively participated in the iconic transactions of all the two “Weighted Voting Right” in Hong Kong's capital market including Xiaomi and Meituan Dianping, as well as the HK IPO of Jiangxi Bank, Fosun Tourism, Tongcheng-elong, Babytree, Mobvista, Wankaonline, Chunlai Education, Top Education from Australia, China Boqi Environment, Weigang Environment, 7Road Holdings etc, a comprehensive coverage of financial institutions and fintech, internet, education, environmental protection and biotech,etc . According to statistics, in 2018, there were 50 IPO projects with a financing scale of more than US$80 million in HKEX, and AMTD has participated in 12 of them which ranks the top ten among all investment banks in Asia. At the same time, a total of 33 Chinese companies landed in NYSE and NASDAQ in 2018, and AMTD has participated in 5 of them which ranks the top ten among all US IPO underwriting investment banks. AMTD works together with other top international investment banks to promote the internationalization of Chinese enterprises.