Beijing Stock Exchange, Hong Kong Stock Exchange sign MoU to jointly launch dual listing arrangement 

 

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The Beijing Stock Exchange (BSE) and the Hong Kong Stock Exchange signed a Memorandum of Understanding (MoU) to jointly launch the “Beijing + H” dual listing arrangement between the two exchanges.

The arrangement is an important measure to promote the opening up of the capital market system, deepen the reform of BSE and serve the market demand, which will further broaden the benefits of the “A+H” model in mainland and Hong Kong, said Sui Qiang, general manager of BSE.

It also promotes the formation of synergy between the capital markets in Beijing and Hong Kong, and facilitates more enterprises to accelerate their development through the two markets.

The industry generally hoped the Beijing exchange to actively explore international business and some listed companies on the bourse have proposed to open secondary listings on HKEX to enrich financing channels and facilitate the development of international business, said Sui.

Meanwhile, some listed companies in Hong Kong have also proposed to build a clear “northbound” listing pathway to share the benefits of the BSE’s development.