The stock exchanges of Hong Kong and Indonesia have signed a memorandum of understanding (MoU) designed to bolster connectivity between the two capital markets.
The agreement between the Hong Kong Stock Exchange and Indonesia Stock Exchange will focus on cross-border listings, joint product development and regional ESG initiatives.
According to HKEX chief executive Nicolas Aguzin, the MoU will help to build connectivity between Hong Kong and Southeast Asia, which he described as “one of the world’s fastest-growing and most exciting regions”.
The MoU is the latest effort by the HKEX to expand its international reach. In February this year, it signed an MoU with the Saudi Tadawul group to explore potential cross-listings.
And in June, the HKEX opened its inaugural US office.
©2023 funds global asia