Hong Kong Exchanges and Clearing (0388) has added the Stock Exchange of Thailand as a recognized stock exchange, allowing companies primarily listed on SET’s main market to apply for a secondary listing in Hong Kong.
Together with the other two recognized stock exchanges in Southeast Asia – the Indonesian Stock Exchange and the Singapore Exchange – there are now 20 RSEs across 18 countries, HKEX said in a statement on Monday.
“SET is home to companies from many dynamic sectors, including energy, healthcare, and technology, and this addition will facilitate potential cross-listings, giving Thai companies access to a broader regional and global investor base, while enriching HKEX’s market offering and providing investors with a wider selection of investment opportunities,” said HKEX head of Listing Katherine Ng Kit-shuen.
The local bourse operator is committed to enhancing the market’s attractiveness and strengthening Hong Kong’s position as Asia’s leading international financial center, Ng said in the statement.
A pedestrian walks past the Stock Exchange of Thailand building in Bangkok, Thailand, in January 2016. Photo by BLOOMBERG