Hong Kong Exchanges and Clearing Limited (HKEX) and the Indonesia Stock Exchange (IDX) have signed a memorandum of understanding (MOU), with the intention of developing the organisations and their markets.
Through the MOU, the two exchanges will collaborate on strategic opportunities around cross-border listings in both markets, regional ESG initiatives and joint product development.
Commenting on the agreement, Nicolas Aguzin, CEO of HKEX, says: “We are delighted to continue to build the connectivity between Hong Kong and Southeast Asia, one of the world’s fastest-growing and most exciting regions.
“HKEX offers exclusive connectivity to mainland China’s onshore markets, while IDX sits at the heart of one of the region's most innovative economies. Working together, we look forward to opening up new possibilities for deeper collaboration between our markets, as we connect capital with opportunities.”
Iman Rachman, president director of the IDX, adds: “Hong Kong is one of the world’s leading international financial centres. The collaboration between the IDX and HKEX aims to strengthen the global position of the Indonesian capital market.
“Through this MOU, the two parties will cooperate closely towards the common goal of opening up new opportunities and exploring new product development.”
