Hong Kong Exchange & Indonesia Stock Exchange Form Partnership to Collaborate on Cross-border Listings, Joint Product Development & ESG Initiatives
27th July 2023 | Hong Kong
Hong Kong Exchange (HKEX) & Indonesia Stock Exchange (IDX) have signed a Memorandum of Understanding (MOU) to form a partnership to collaborate on cross-border listings, joint product development & ESG initiatives (Environmental, Social & Governance) including Sustainable Finance in Asia. HKEX: “Hong Kong Exchanges and Clearing Limited (HKEX) is today (Wednesday) pleased to announce it has signed a Memorandum of Understanding (MOU) with Indonesia Stock Exchange (IDX). The partnership will explore opportunities across a number of strategic areas that seek to support the mutual development of both organisations and their corresponding markets. Under the terms of the MOU, HKEX and IDX will look to collaborate on opportunities relating to cross-border listings in the Hong Kong and Indonesian markets, joint product development and ESG initiatives, such as the promotion of sustainable finance in Asia.” More info below.
“ Hong Kong Exchange & Indonesia Stock Exchange Form Partnership to Collaborate on Cross-border Listings, Joint Product Development & ESG Initiatives “
HKEX CEO Nicolas Aguzin: “We are delighted to be signing an MOU with IDX, as we continue to build the connectivity between Hong Kong and Southeast Asia, one of the world’s fastest-growing and most exciting regions. HKEX is the home of Asia’s most vibrant international marketplace, offering exclusive connectivity to Mainland China’s onshore markets, while IDX sits at the heart of one of the region’s most innovative economies, known for its talent, creativity and new economy pioneers. Working together, we look forward to opening-up new possibilities for deeper collaboration between our markets, as we connect capital with opportunities.”
IDX (Indonesia Stock Exchange) President Director Iman Rachman: “Hong Kong is one of the world’s leading international financial centers. The collaboration between the IDX and HKEX aims to strengthen the global position of the Indonesian capital market. Through this MOU, the two parties will cooperate closely towards the common goal of opening up new opportunities and exploring new product development.”
Hong Kong Exchange & Indonesia Stock Exchange Form Partnership to Collaborate on Cross-border Listings, Joint Product Development & ESG Initiatives
The MOU was signed by Nicolas Aguzin and Iman Rachman, and witnessed by HKEX Board member Cheah Cheng Hye and IDX President Commissioner John A. Prasetio in IDX Main Hall, Jakarta, Indonesia. Hong Kong Chief Executive John Lee and Vice Minister of Trade, the Republic of Indonesia Dr Jerry Sambuaga witnessed the exchange of the MOU at a Hong Kong-Indonesia business event during a senior Hong Kong delegation visit to Southeast Asia, led by Mr Lee.
About HKEX
Hong Kong Exchanges and Clearing Limited (HKEX) is a publicly-traded company (HKEX Stock Code:388) and one of the world’s leading global exchange groups, offering a range of equity, derivative, commodity, fixed income and other financial markets, products and services, including the London Metal Exchange. As a superconnector and gateway between East and West, HKEX facilitates the two-way flow of capital, ideas and dialogue between China and the rest of the world, through its pioneering Connect schemes, increasingly diversified product ecosystem and its deep, liquid and international markets. HKEX is a purpose-led organisation which, across its business and through the work of HKEX Foundation, seeks to connect, promote and progress its markets and the communities it supports for the prosperity of all.
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