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HKEX and Beijing Stock Exchange ink deal to further support cross listings

HKEX and Beijing Stock Exchange ink deal to further support cross listings

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Hong Kong Exchanges and Clearing (HKEX) has signed a Memorandum of Understanding (MOU) with the Beijing Stock Exchange (BSE) to further their commitment to building long-term cooperation in support of cross listings; and sharing insight and expertise to promote the growth of capital markets in both Hong Kong and Beijing.

As part of the MOU, HKEX and BSE will support qualified listed companies in each other's market in making their applications for listings. The exchanges will also work together in a number of areas such as joint marketing programmes, joint research projects, investor education and personnel exchanges.

Commenting on the partnership, HKEX CEO Nicolas Aguzin said: “We are today delighted to be signing an MOU with BSE, paving the way for the long-term, enhanced cooperation between the two exchanges. The agreement reflects HKEX’s ongoing commitment to connecting China and the world. Together with BSE, we look forward to supporting corporates and investors across the region, matching capital with ideas and driving towards shared, long-term sustainable success.”

Meanwhile, BSE CEO Sui Qiang said: “Our support for issuers to list in the Beijing and Hong Kong markets underscores BSE’s commitment to deepening reforms and further opening up its market, responding to the needs of the market. It will allow more companies to leverage both markets as they build their scale and internationalise their profile."

The cooperation between BSE and HKEX will support Beijing’s development as an international science and innovation hub, and strengthen Hong Kong’s role as an international financial centre, further contributing to the growth of China’s real economy and its technological development, she added.

Most recently, HKEX signed another MOU with Ningbo Municipal People’s Government to find potential companies in Ningbo to list in Hong Kong. This move aims to support Ningbo-based companies that are interested in seeking a listing in Hong Kong. Currently, Ningbo has more than 10,000 manufacturing enterprises including new materials and smart appliances companies. 

ningbo mou

As part of the MOU, both sides will jointly host seminars on relevant topics for organisations and enterprises in Ningbo and exchange ideas on the latest developments. 

Related articles:
FWD Group refiles listing application with HK's stock exchange
Haidilao considers spinoff listing of overseas business
Luckin Coffee denies reports about its Hong Kong listing

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