HKEX and Boursa Malaysia Explore Cross-Border Collaboration Including ETF and Dual Listings
Bourse operators unveil joint development plans at AOSEF General Assembly, with first ETF tracking Hong Kong and Malaysian large-cap stocks
En resumen
- HKEX and Boursa Malaysia announced plans for cross-border collaboration including ETFs and dual listings at the 40th AOSEF General Assembly.
- The first major collaboration grants Da Cheng International Asset Management a licence to issue an ETF tracking the HKEX Bursa Malaysia Large Cap Index, comprising 62% Hong Kong stocks and 38% Malaysian shares.
- About 30 Malaysian companies are currently listed in Hong Kong, representing nearly a third of 103 Southeast Asian issuers.
Resumen generado por IA
Por qué importa
This collaboration marks HKEX's first major partnership with Boursa Malaysia. The exchange operators are exploring multiple collaboration areas including dual listings, ETFs, and Islamic finance products to strengthen ties between Hong Kong and the Southeast Asian market.
The bourse operators of Hong Kong and Malaysia are exploring a range of collaborations, from dual listings and exchange-traded funds (ETFs) to Islamic finance, to forge closer ties between the city and the Southeast Asian country. Hong Kong Exchanges and Clearing (HKEX) CEO Bonnie Chan Yiting and Boursa Malaysia CEO Dato Fad'l Mohamed unveiled their joint development plans in a media briefing in Hong Kong on Wednesday as HKEX hosted the 40th Asian and Oceanian Stock Exchanges Federation (AOSEF) General Assembly at HKEX Connect Hall in Exchange Square in Central. In the first major collaboration with Boursa Malaysia, HKEX has granted Da Cheng International Asset Management a licence to issue an ETF based on the HKEX Bursa Malaysia Large Cap Index, which tracks scores of the largest companies listed in Hong Kong and Malaysia, with 62 per cent Hong Kong stocks and 38 per cent Malaysian shares. "This development underscores the growing demand from investors for cross-border products and diversified regional exposure and highlights how collaboration between exchanges can directly support market innovation," Chan said. Mohamed said the two exchanges could also collaborate on dual listings, as Malaysia would welcome listings by Hong Kong and mainland firms. About 30 Malaysian companies were currently listed in Hong Kong, accounting for almost a third of 103 Southeast Asian issuers, HKEX data showed. The biggest player is Guoco Group, which is part of the Hong Leong Group, a Malaysian conglomerate.
Qué observar
Perspectiva de IA — posibilidades, no hechos
More ETF products tracking Asian markets likely to be launched
Probable · En meses
Dual listings between Hong Kong and Malaysia expected to increase
Posible · En meses
Preguntas abiertas
- What specific Islamic finance products are being considered?
- When will dual listing opportunities become available?
- How will the ETF be structured in terms of currency and trading?
