Hong Kong Exchanges and Clearing Limited (HKEX) and Shaanxi Province today (Friday) signed a Memorandum of Understanding (MOU) in Xi’an to strengthen mutual communication and capital market cooperation, as well as to encourage more Shaanxi-based enterprises to list in Hong Kong.
The MOU was signed by Xu Chunmeng, HKEX Chief Representative of Beijing Representative Office, and Su Huchao, Director of Shaanxi Provincial Financial Regulatory Bureau. HKEX Head of Mainland Development Mao Zhirong and Vice Governor of Shaanxi Province Liang Gui, as well as Deputy Director of Shaanxi Hong Kong and Macau Affairs Office Yao Jinchuan and Deputy Director of CSRC Shaanxi Branch Guo Shiming, witnessed the signing.
HKEX, together with Shaanxi Provincial Financial Regulatory Bureau and The Hong Kong Trade Development Council, also co-hosted an IPO workshop today in Xi’an on the latest developments in the Hong Kong IPO markets. Around 350 representatives from Shaanxi enterprises attended the IPO workshop.
As of the end of September, a total of 12 Shaanxi-based companies have listed on HKEX, raising $16 billion, and with a total market value of $31 billion. With the signing of the MOU, HKEX and Shaanxi Province will further strengthen cooperation to facilitate listings of Shaanxi-based enterprises in Hong Kong.
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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