BGC Partners, Inc. (NASDAQ: BGCP), one of the world’s leading inter-dealer brokers, and China Credit Trust Co., Ltd. (“CCT”), a leading national investment trust company, are pleased to announce that their money broking joint venture, China Credit BGC Money Broking Company Limited (“China Credit BGC”) , is the first Sino-foreign joint venture inter-dealer broking company to have been granted a business license by the China Banking Regulatory Commission to operate in Beijing. Pending approval of product licenses by the People’s Bank of China, China Credit BGC expects to offer interest rate swaps, bonds, and interbank cash deposit products to Chinese and foreign banks in Beijing. Len Harvey, Executive Managing Director and General Manager, Asia-Pacific for BGC, said “Beijing is the heartbeat of the market, as most Chinese banks are headquartered there. We are proud to offer Chinese and non-Chinese customer the unique combination of CCT’s expertise and market capabilities with BGC’s world-class technology, liquidity, and global banking relationships.” Mr. Harvey’s remarks were underscored by Shaun Lynn, President of BGC, who stated “BGC’s increasing global presence enables us to offer clients broad access to markets worldwide, while focusing on meeting each local client’s unique needs. Our relationship with CCT amplifies our commitment to serving the Chinese marketplace and to becoming the premier inter-dealer broker in the Asia-Pacific region.” Philip Chung, Managing Director for Hong Kong and China at BGC, who serves as General Manager of China Credit BGC, said “Our team, which consists of an initial complement of twenty broking professionals, is extremely eager to launch our services to clients, and we expect to double the size of the staff by the end of this year.” About China Credit Trust Co., Ltd. China Credit Trust Co., Ltd. operates as a non-banking financial institution. The company offers financial services for the restructuring of enterprises and engages in trust business, including money trust, equity, beneficial interest, financial leasing, bank credit assets assignment, ESOP, and accounts receivable trust. The company offers investing, financing, and guarantee services with its own capital, as well as serves as accounting consultant for asset and debt recombination, merger and acquisition, shareholding reform, IPO, and refinancing. It acts as project financing advisor, and provides financing plan and money management, as well as offers service of policy consultant, bond issuing plan, custodian, and repayment and negotiation assistance. The company is involved in securities business that includes investing in secondary stock market, bidding for new offerings, secondary bond market business, investing in funds, and initiating securities trust program; foreign exchange business in managing its own capital in foreign currency, and running foreign exchange trust business; and enterprise annuity and assets securitization business. It also offers various services, including financing consulting, selecting asset package, preparing legal papers, opening a special trust account, managing the entrusted assets, and disclosing information and distributing trust benefits to beneficiaries. The company was founded as Chung Mei Trust & Investment Co., Ltd. in 1995 and changed its name to China Credit Trust Co., Ltd. in 2004. The company is based in Beijing, China. For more information, visit www.cctic.com.cn. About BGC Partners, Inc. BGC Partners is a leading global intermediary to the wholesale financial markets, specializing in the brokering of a broad range of financial products, including fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commodities, futures, structured products and other instruments. Through its eSpeed and BGC Trader brands, BGC Partners uses its proprietary, built, and paid for technology to operate multiple buyer, multiple seller real-time electronic marketplaces for the world’s most liquid capital markets. Through its BGCantor Market Data brand, the Company also offers globally distributed and innovative market data and analysis products for numerous financial instruments and markets. BGC Partners’ customers include many of the world’s largest banks, broker-dealers, investment banks, trading firms, hedge funds, governments and investment firms. Named after B. Gerald Cantor, who co-founded the Company’s predecessor, BGC Partners has 20 offices located in New York and London, as well as in Beijing (representative office), Chicago, Copenhagen, Hong Kong, Istanbul, Johannesburg, Moscow, Mexico City, Nyon, Paris, Rio de Janeiro, São Paulo, Sarasota, Seoul, Singapore, Sydney, Tokyo and Toronto. For more information, visit http://www.bgcpartners.com. Discussion of Forward-Looking Statements by BGC Partners Statements in this press release regarding BGC Partners’ business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see BGC Partners’ Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors set forth in our public filings which we incorporate by reference, including our Form 10-K for the year ended December 31, 2009, as filed with the SEC on March 16, 2010 and any updates to such risk factors contained in subsequent 10-Q filings.
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