Hong Kong Exchanges and Clearing (HKG:0388) signed a memorandum of understanding with the Abu Dhabi Securities Exchange (ADX) to explore collaboration in areas including exchange-traded funds, cross-listings, and market promotion, according to a Thursday press release.
The two exchanges said the partnership aims to enhance capital flows and strengthen financial connectivity between Hong Kong and the Middle East.
ADX Chief Executive Abdulla Salem Alnuaimi said the tie-up will advance cross-listings, develop new products such as ETFs and indices, and expand investment access.
HKEX said that Middle Eastern funds have been active cornerstone investors in recent Hong Kong IPOs, according to the press release.