HKEX, Xi’an gov’t ink cooperation agreement

Under the MoU, parties will support Xi’an-based companies seeking a listing in Hong Kong.

Hong Kong Exchanges and Clearing Limited (HKEX) has strengthened its cooperation with the Xi'an Municipal People's Government (Xi'an Government) with a new memorandum of understanding that aims to support Xi'an-based companies interested in seeking a listing in Hong Kong.

Under the MoU, both parties will exchange information on the latest developments in the capital markets of Hong Kong and Xi'an.

Both parties will also host seminars for Xi'an-based organisations on capital-raising opportunities in the region.

Xi'an aims to develop as a major research and development hub in Northwest China with key industries including equipment manufacturing, healthcare, new energy, semiconductors, and mining.

There are currently nine Xi'an-based companies listed on HKEX.