Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce it has signed a Memorandum of Understanding (MOU) with the People’s Government of Heilongjiang Province (Heilongjiang Government) to “strengthen cooperation and to support listings of Heilongjiang companies on Hong Kong’s equities market.”
Under the MOU, HKEX and the Heilongjiang Government will “exchange information on the latest developments in the capital markets of Hong Kong and Heilongjiang, as well as jointly host seminars for Heilongjiang-based organisations on capital raising opportunities in the region.”
Heilongjiang, located in Northeastern China, is “known for its focus on industries such as agriculture and food technology.”
There are at present nine Heilongjiang-based companies listed on HKEX.
Hong Kong Exchanges and Clearing Limited (HKEX) and the Qingdao Municipal People’s Government also signed a Memorandum of Understanding (MOU) to strengthen cooperation, and in particular “support Qingdao-based companies that are interested in seeking a listing in Hong Kong.”
Under the MOU, HKEX and the Qingdao Municipal Government will “jointly host seminars on relevant topics for Qingdao-based organisations and enterprises, as well as exchanging ideas on the latest developments in the capital markets of Hong Kong and Qingdao.”
The MOU was signed by Christina Bao, Co-Head of Sales and Marketing of HKEX; and Wang Jinyu, Director of Qingdao Local Financial Supervision and Administration Bureau.
In recent years, Qingdao-a coastal city in China’s Shandong province-has “emerged as a hub for innovative businesses, with a focus on industries such as smart city construction, artificial intelligence, new energy and healthcare.”
As covered, Hong Kong Exchanges and Clearing Limited (HKEX) is a publicly-traded company (HKEX Stock Code:388) and “one of the world’s leading global exchange groups, offering a range of equity, derivative, commodity, fixed income and other financial markets, products and services, including the London Metal Exchange.”
As a superconnector and gateway “between East and West, HKEX facilitates the two-way flow of capital, ideas and dialogue between China and the rest of the world, through its pioneering Connect schemes, increasingly diversified product ecosystem and its deep, liquid and international markets.”
HKEX is a purpose-led organization which, “across its business and through the work of HKEX Foundation, seeks to connect, promote and progress its markets and the communities it supports for the prosperity of all.”
For more details, check here.
