HKEX Signs Cooperation Agreement with Beijing Stock Exchange

The Hong Kong Exchanges and Clearing Limited (HKEX) has published a press statement to inform that the Exchange and the Beijing Stock Exchange (BSE) have signed a Memorandum of Understanding (MoU) which confirms their commitment to fostering long-term cooperation and promoting the growth of capital markets in both Hong Kong and Beijing.
Under the MOU, HKEX and BSE will support qualified listed companies from each other’s markets in their applications for cross listings. This means that companies listed on one exchange can potentially seek a secondary listing on the other exchange, allowing them to tap into a larger investor base and expand their international presence.
In addition to cross listings, the exchanges will collaborate on various initiatives. This includes joint marketing programs, joint research projects, investor education, and personnel exchanges. By sharing insights and expertise, both exchanges aim to facilitate the development of capital markets and encourage investments in each other markets.
The CEOs of HKEX and BSE, Mr. Nicolas Aguzin and Mr. Sui Qiang, respectively, expressed their enthusiasm for the agreement. Aguzin emphasized HKEX’s commitment to connecting China and the world, while Sui Qiang highlighted BSE’s dedication to deepening reforms and opening up its market. Both CEOs believe that the collaboration will support the growth of China’s economy, technological development, and reinforce Hong Kong’s position as an international financial center.