It was to our surprise and regret that a Financial Times article on 8th March 2021 reported that the CEO of SBI Holdings, Inc. planned to pull out of operations in Hong Kong. We would like to clearly inform that we at SBI Securities have not officially discussed about any withdrawal from Hong Kong and no such decision is official. We sincerely apologise for any surprise and confusion caused by such media reports.
The main topics discussed during the interview with the CEO of SBI Holdings, Inc. were the group’s business strategies of committing to Osaka International Financial Center Plan (Kansai-region, Japan) and Collaboration with Regional Banks in Japan, and aspirations to become the fourth-largest Japanese Mega-Bank. Unfortunately, the Financial Times journalist did not mention these topics in the article at all and instead focused only on some side remarks made in relation to Hong Kong and London.
As CEO of SBI Securities (Hong Kong) Limited, I reiterate that we have no intention to withdraw from Hong Kong operations and assure that we will provide proper and sufficient communication in advance with our clients and other relevant parties in the unlikely event that such a decision is made.
Jun Kusano
Chief Executive Officer
SBI Securities (Hong Kong) Limited