Shares of Hong Kong Exchanges and Clearing Ltd (HKEX) surged 5.50% during the Monday trading session, as regulators in China and Hong Kong are reportedly urging major banks to expedite offshore listings, particularly for Chinese companies seeking to list in Hong Kong.

According to sources, the China Securities Regulatory Commission (CSRC) held meetings with over 10 banks and law firms in October, instructing them to facilitate the launch of already approved offshore listings quickly. The move aims to boost market sentiment and attract high-profile deals, revitalizing the world's second-largest economy.

Hong Kong's bourse operator has also initiated discussions with major global and Chinese banks since October, seeking to optimize the listing process for Chinese firms and shorten the time for second listings of companies already listed on the mainland.