The Beijing Stock Exchange (BSE) on June 29 signed a memorandum of understanding with the Hong Kong Stock Exchange, allowing listed companies on either bourse to apply to list on the other.
The stock exchanges will also cooperate in areas such as project research, marketing, personnel training and exchanges, and investor services.
The dual-listing arrangement between Beijing and Hong Kong is an important move that is part of the China Securities Regulatory Commission’s larger plan to promote the institutional opening-up of the capital market, deepen the reform of the BSE, and respond to market demand, according to BSE General Manager Sui Qiang.
Sui said that the BSE has gathered over 200 listed companies after more than a year of development, with multiple trading systems rolled out and various investors participating in market trading.
Source: Xinhua News Agency
