Hong Kong Exchanges and Clearing Limited (HKEX) and the People's Government of Hebei Province today (Tuesday) signed a Memorandum of Understanding (MOU) in Hong Kong to strengthen mutual communication and capital market cooperation, as well as to seek more Hebei-based companies to list in Hong Kong and support the real economy of Hebei province.
The MOU was signed by Mao Zhirong, HKEX Head of Mainland Development, and Xia Yanjun, Vice Governor of Hebei Province. HKEX Chief Executive Charles Li, Governor of Hebei Province Xu Qin, as well as other senior executives from HKEX and the Hebei provincial government witnessed the signing.
From left to right: Governor of Hebei Province Xu Qin, Vice Governor of Hebei Province Xia Yanjun, HKEX Head of Mainland Development Mao Zhirong and HKEX Chief Executive Charles Li.
HKEX and the Hebei provincial government also co-hosted an IPO teach-in session today at HKEX Connect Hall, introducing the rules and requirements of Hong Kong IPOs to potential Hebei issuers.
As of the end of March, a total of 36 Hebei companies have listed on HKEX, raising $74 billion, and with a total market value of $335 billion. With the signing of the MOU, HKEX and Hebei Province will further strengthen cooperation to facilitate IPOs, debt financing and mergers and acquisitions of Hebei companies.
About HKEX
Hong Kong Exchanges and Clearing Limited (HKEX) is one of the world’s major exchange groups, and operates a range of equity, commodity, fixed income and currency markets. HKEX is the world’s leading IPO market and as Hong Kong’s only securities and derivatives exchange and sole operator of its clearing houses, it is uniquely placed to offer regional and international investors access to Asia’s most vibrant markets.
HKEX is also the global leader in metals trading, through its wholly owned subsidiaries, The London Metal Exchange (LME) and LME Clear Limited. This commodity franchise was further enhanced with the launch of Qianhai Mercantile Exchange, in China, in 2018.
HKEX launched the pioneering Shanghai-Hong Kong Stock Connect programme in 2014, further expanded with the launch of Shenzhen Connect in 2016, and the launch of Bond Connect in 2017.
www.hkexgroup.com
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