HKEx to potentially form JV with Shanghai and Shenzhen bourses
Hong Kong Exchanges and Clearing Ltd has agreed to enter into detailed discussions with the two stock exchanges.
According to HKEx, the possible areas of business operation of the joint venture company include, but are not limited to, the development of index and other equity derivative products and the compilation of new indexes.
HKEx stressed that no binding agreement has been entered into. “Accordingly, the joint venture may or may not proceed. HKEx will make further announcement in compliance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited as and when appropriate,” said the Board.