Malaysia, Hong Kong bourse operators to offer cross-border investment opportunities

Reuters03-27
Malaysia, Hong Kong bourse operators to offer cross-border investment opportunities

March 27 (Reuters) - Bourse operators Bursa Malaysia BMYS.KL and Hong Kong Exchanges and Clearing 0388.HK signed an agreement on Friday to explore streamlined dual-listing pathways and other cross-border investment opportunities between the two markets.

Here are some details:

  • The collaboration spans dual listings, exchange traded funds (ETFs), indexes, sharia-compliant securities and carbon markets.

  • As the first initiative under the collaboration, Bursa Malaysia and HKEX unveiled the HKEX Bursa Malaysia Large Cap Index on Friday.

  • The index comprises 30 Malaysian blue-chip companies and 30 Hong Kong Southbound-eligible large-cap companies.

  • "Expanding our engagement with the region is a key strategic priority as we continue our work to build a multi-asset product ecosystem, drawing global liquidity to Asia at a time of heightened macro uncertainties," said Bonnie Y Chan, CEO of HKEX.

(Reporting by Jasmeen Ara Shaikh in Bengaluru; Editing by Sahal Muhammed)

((JasmeenAraIslam.Shaikh@thomsonreuters.com;))

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