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.
Jane Wu
Jane Wu
Director, Deputy Chief Executive & Chief Financial Officer
Ms Jane Wu has been with CESC since its establishment in September 2012. She is now Director, Deputy Chief Executive and Chief Financial Officer.

Before joining CESC, Jane was with Shenzhen Stock Exchange and Shenzhen Securities Depository & Clearing Co Ltd for 20 years, successively holding the positions of director/deputy director of various departments from depository & clearing and B share business to listing promotion, international relations and mutual fund management.
Cevin Xue
Cevin Xue
Director & Deputy Chief Executive
Mr Cevin Xue joined CESC in 2015 and now is Director and Deputy Chief Executive, responsible for the development of financial products and related services.

Cevin has over 20 years’ experiences in the financial services sector in China. He worked in The People’s Bank of China and joined Shanghai Stock Exchange (SSE) in 1990. He was involved in the examination, operation and promotion of the SSE Composite Index, the first stock index in China; he supervised all statistics and construction of the first generation of the information system in SSE; he led the execution and promotional campaign for the SSE 380 Index; and he participated in the formulation and promotion of XBRL Taxonomies and managed the external information policy of SSE. Before joining CESC, Cevin served as Assistant Director in the Information Center of SSE.

Cevin graduated from the Shanghai University of Finance and Economics with a Bachelor’s degree in Finance.
Gary Lui
Gary Lui
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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