Hong Kong, Chinese exchanges consider joint venture

The Board of Directors of Hong Kong Exchanges and Clearing Limited (HKEx) is pleased to announce that HKEx has agreed in principle to enter into detailed discussions with the Shanghai Stock Exchange and the Shenzhen Stock Exchange with a view to establish a joint venture company to be incorporated in Hong Kong.

Currently the possible areas of business operation of the joint venture company include, but are not limited to, the development of index and other equity derivative products and the compilation of new indexes.

The Board wishes to emphasise that no binding agreement has been entered into as at the date of this announcement. Accordingly, the joint venture may or may not proceed. HKEx will make further announcement in compliance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited as and when appropriate. Shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares of HKEx.

comments powered by Disqus
Check out Futures Magazine - Polls on LockerDome on LockerDome