About Us

Our Story

Our Vision

China Exchanges Services Company Limited (CESC) is a ground-breaking joint venture of Hong Kong Exchanges and Clearing Limited (HKEX), Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE).

Established in Hong Kong in 2012, CESC aims to contribute to the healthy development of China’s capital markets, the establishment of a whole ecosystem of financial products and services for China and the global markets, and the deepening of the three exchanges’ links with global investors.

Our Strategy

CESC is designed to contribute to the development of China’s capital markets and the internationalization of the three exchanges. CESC will develop cross-border indices based on products traded on the three exchanges, industry classifications for listed companies, information standards and related products. CESC will develop new products for investors, such as index-linked derivatives, and connect the rest of the world to the financial markets in Hong Kong and Mainland China.

For more information about CESC, please click here.


Mao Zhirong
Mao Zhirong
Director & Chief Executive
Mr Mao Zhirong is Director and Chief Executive of CESC. He is also the Managing Director, Head of Mainland Affairs and a member of the Management Committee of HKEX.

Prior to joining HKEX Mr Mao served as the Director of Strategy and International Affairs, the Director of the Financial Innovation Lab and the Head of the Derivatives Product Task Force at Shenzhen Stock Exchange (SZSE). Mr Mao worked at a top 500 US insurance company for several years before he joined SZSE. He held a variety of positions of increasing seniority across functions including product development, IT and risk management.

Mr Mao holds a Master of Economics degree and a PhD of International Affairs from University of California, San Diego and a Bachelor of Economics from Fudan University.
Jason Du
Jason Du
Director & Deputy Chief Executive
Jason Du is Director and Deputy Chief Executive of China Exchanges Services Company Limited (CESC), responsible for the development and marketing of financial products and related services.
Mr Du worked in Shanghai Stock Exchange (SSE), Shanghai Stock Communication Co. Ltd. and Shanghai Stock Exchange Technology Co., Ltd. for over 15 years.  Prior to joining CESC, he served as Assistant General Manager at Shanghai Stock Communication Co. Ltd. and Shanghai Stock Exchange Technology Co., Ltd. and worked as the Senior Manager at various departments of SSE, including Funds and Derivatives, Funds Business and Product Development.  Mr Du was also involved in the product development of the first cross-border, gold and bond ETFs in China and designed the business functions of the new SSE trading system. 
Mr Du holds a Bachelor’s degree in Physics and Master’s degree in Management Science and Engineering from Fudan University. He is also a Certified Public Accountant and a Chartered Financial Analyst.
Peng Zi
Director, Deputy Chief Executive and Chief Financial Officer
Mr Peng Zi is Director, Deputy Chief Executive and Chief Financial Officer of China Exchanges Services Company Limited (CESC).
Before joining CESC, Mr Peng was with the Shenzhen Stock Exchange (SZSE) for more than 17 years. Mr Peng served as Executive Manager of the Computer Engineering Department followed by the International Department at SZSE. As one of the core team members, Mr Peng was involved in the development of the first single market ETF, cross-border ETF, currency ETF and Gold ETF in the Shenzhen market. Mr Peng has substantial knowledge in business development and solid experience on system development.
Mr Peng holds a Bachelor’s degree and a Master’s degree in Computer Science from the University of Electronic Science and Technology of China.
Gary Lui
Gary Lui
Senior Vice President, Head of Index Development
Mr Gary Lui is CESC’s Head of Index Development. He is responsible for developing new indices and monitoring index operations. He was involved in the development of the first CES Cross-border Index Series launched by CESC.

Gary has over 10 years of experience in the index industry. Prior to joining CESC, he worked in the Product and Index Development Department of Hong Kong Exchanges and Clearing Ltd. He has also worked in index licensing at Hang Seng Indexes. 

Gary graduated from the University of Wollongong with a Bachelor of Commerce degree (with Merit) in Finance.
Asia Asset Management magazine’s Best of the Best Awards 2013 – Best Newcomer
Metro Finance and Wen Wei Po’s 2013 RMB Outstanding Business Awards – Equity Index
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