HKEX and ADX sign MOU to deepen market connectivity

HKEX has signed a Memorandum of Understanding (MOU) with Abu Dhabi Securities Exchange (ADX) to seek collaboration opportunities and enhance connectivity between the capital markets of Hong Kong and Abu Dhabi.

• Main announcement and scope: HKEX and ADX will explore joint initiatives in market promotion, Exchange Traded Funds (ETFs), ESG-related products, cross-listings and other areas of mutual interest; the MOU was signed by HKEX Chief Executive Officer Bonnie Y Chan and ADX Group Chief Executive Officer Abdulla Salem Alnuaimi on the sidelines of the Global Investopia conference in Hong Kong (signing witnessed by Hong Kong Financial Secretary Paul Chan, UAE Ministry of Investment Undersecretary H.E. Mohammed Alhawi, HKEX Chairman Carlson Tong and Investopia CEO Dr. Jean Fares).
• Background and other details: The MOU builds on ADX’s addition last year to HKEX’s list of recognised stock exchanges; HKEX recently also recognised the Dubai Financial Market; the release highlights growing participation of Middle Eastern funds as cornerstone investors in recent Hong Kong IPOs and reiterates HKEX’s role as a global exchange group (HKEX Stock Code:388) that includes the London Metal Exchange.