The Abu Dhabi Securities Change (ADX) and the Hong Kong Exchanges and Clearing Restricted (HKEX) have signed a Memorandum of Understanding (MOU), which can see the 2 establishments work collectively to reinforce the visibility of their respective capital markets in one another’s markets by organising joint occasions and discover twin listings.
The events may also take a look at cross-border financing, mechanisms to facilitate funding, and consider collaboration on exchange-traded funds and ESG-related merchandise and indices to reinforce market connectivity and broaden alternatives for world buyers.
The actions will embody roadshows, seminars, coaching packages, and investor training actions.
Abu Dhabi Securities Change (ADX), Hong Kong exchanges and clearing restricted improve collaboration
HKEX is likely one of the prime 10 inventory exchanges on the planet by market cap.
The MOU builds on the connection between the 2 exchanges, stretching again to the primary settlement signed in 2007, and goals to deepen the cooperation and shared ambition between the UAE and Hong Kong capital markets.
The settlement was signed in Hong Kong on the Investopia World – Hong Kong discussion board and witnessed by Mohammad Alhawi, Undersecretary of the UAE Ministry of Funding and Paul Chan Mo-po, Monetary Secretary of Hong Kong SAR.
Abdulla Salem Alnuaimi, Group CEO of the ADX, commented: “Our MOU with HKEX reinforces the sturdy ties between Abu Dhabi and Hong Kong and marks a key step in ADX’s world integration journey.
“By advancing cross-listings, growing modern merchandise resembling ETFs and indices, and creating sensible channels for multi-market entry, we’ll broaden funding alternatives and deepen liquidity. This partnership strengthens ADX’s world footprint and reinforces Abu Dhabi’s place as a dynamic monetary heart dedicated to sustainable progress and shared prosperity.”
Bonnie Y Chan, HKEX CEO, added: “We’re delighted to strengthen our relationship with Abu Dhabi Securities Change by this MOU, constructing on final 12 months’s addition of ADX to our listing of recognised inventory exchanges. This association marks a big step in enhancing cross-border market connectivity and facilitating capital flows between Hong Kong and the Center East.
“By working intently with ADX, we goal to unlock new funding alternatives, strengthen market infrastructure, and meet the evolving wants of worldwide issuers and buyers. Our objective is to assist construct a dynamic and resilient monetary panorama that advantages each areas.”
ADX was established on November 15, 2000. It’s a part of ADQ, one of many area’s largest holding corporations with a broad portfolio of main enterprises spanning key sectors of Abu Dhabi’s diversified financial system. It’s now the second largest market within the Arab area.