Cyber Daily News - Asia Pacific Exchanger (Asia Pacific Stock Exchange / ASX) has changed
its name to the Sydney Stock Exchange (Sydney Stock Exchange Limited),
the Australian Stock Exchange announced on Thursday.
Sydney Stock Exchange Vice Chairman and CEO of AIMS Financial Group George Wang said these changes are driven by the company's clients and stakeholders and is consistent with the philosophy and core mission to promote Sydney and Australia as an integral part of Asia and a leading financial center.
"We aim to build the Sydney Stock Exchange as a bridge between Australia and Asian capital markets, corporate and investor," said Wang.
Wang said customers and stakeholders want to be identified as a listed major financial cities. Change the name to the Sydney Stock Exchange takes care of that association. The name is easily recognizable and reverberate throughout the region.
"Most of the major exchanges dealing with large financial centers - London, New York, Hong Kong, Shanghai, for example. The new name reflects Sydney's role as a major center of finance in Australia and the Asia Pacific region as well as the geographic home exchange.
It also turn on
and reminiscent of the rich heritage of the old Sydney Stock Exchange,
which is an important trading place in its own right until 1987. "
Sydney Stock Exchange will be a member of the Asia Pacific Exchange Group (APX Group), as well as the Asia Pacific Finance Institute of Australia, and Asia Pacific Equity Exchange. APX Group is a wholly-owned subsidiary of AIMS Financial Group.
Asia Pacific Exchange, formerly known as the Australian Pacific Exchange, was acquired by George Wang an Australia-China through the AIMS Financial Group, a financial services and investment group diversified, after the collapse of the Austock Group in 2008. It was relaunched in 2014, AFP reported.
