CMC Markets entered the Chinese market over a decade ago, with a base in Beijing supported by the service team in Sydney, to meet the appetite in the Chinese economy for financial products and a growing demand from Chinese traders for access to world-class platforms. The opening of a dedicated office in Shanghai further builds CMC Markets presence in China, responding to the continued success and requirements from the market.
Talking on the expansion, Head of CMC Markets Asia Pacific and Canada, Matthew Lewis said: “We are excited about expanding CMC Markets’ presence throughout the APAC region. China’s significance as a key player in the global financial landscape continues to grow and this trend reflects our business expansion in the region.
“Having an office located in mainland China ensures better communication and a higher level of service to our clients, while demonstrating our commitment to traders in the market. Over the past ten years, we have invested heavily in our services in China including new technology, leading educational offerings and innovation of our platforms. This ensures we continue to offer an exceptional proposition and standard of service to the Chinese market.”
CMC Markets founder, Peter Cruddas and Mathew Lewis are enlisting local experienced financial executive, Biyi Cheng, to head up the new office based in the Shanghai Free trade zone.
“Biyi brings over fifteen years experience and relationships within the Chinese market to the role and is well placed to head up the Greater China region for CMC Markets. As a global business, our purpose is to make the financial markets truly accessible to investors, and this latest announcement further supports this mission,” said Mr Lewis.
Speaking about his new appointment, Biyi Cheng said: “The evolution of China’s financial policy and the need for investment and money management in the Chinese market is growing, providing great opportunity in China for an experienced provider of online trading like CMC Markets to deliver additional opportunities to investors and traders locally. We already have a lot of experience and an in-depth understanding of this audience from our wider APAC offices, and as a local to Shanghai, I’m looking forward to continuing to grow the offering here.”
CMC Markets is a leading global provider of online trading platforms, headquartered in the UK and listed on the London Stock Exchange (LSE). As well as the UK and Australia, the Company also has offices in New Zealand, Canada and across Europe.