HKEX, ADX sign MoU to explore ETFs, ESG products and cross listings

Hong Kong Exchanges and Clearing (0388) said on Thursday it has signed a memorandum of understanding with Abu Dhabi Securities Exchange to explore cooperation in areas including exchange-traded funds, environmental, social and governance products and cross listings.

The move marks the latest step in deepening ties between Hong Kong and Middle Eastern markets, after the city's bourse operator last year added ADX and the Dubai Financial Market to its list of recognized stock exchanges.

HKEX’s chief executive Bonnie Chan Yi-ting said the bourse aims to unlock new investment opportunities, strengthen market infrastructure and meet the evolving needs of global issuers and investors by working closely with ADX.

This partnership strengthens ADX’s global footprint and reinforces Abu Dhabi’s position as a dynamic financial center committed to sustainable growth and shared prosperity, ADX chief executive Abdulla Salem Alnuaimi said.

The growing participation of Middle Eastern funds as cornerstone investors in recent Hong Kong initial public offerings further highlights the strengthening ties and increased engagement between these markets, HKEX said.

STAFF REPORTER