UAE and Hong Kong to deepen cooperation in capital markets

The Abu Dhabi Securities Exchange (ADX) signed a Memorandum of Understanding with Hong Kong Exchanges and Clearing Limited (HKEX) to deepen the cooperation and shared ambition between the UAE and Hong Kong capital markets.

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The MoU builds on the relationship between the two exchanges stretching back to the signing of their first MoU in March 2007.

It was signed in Hong Kong at the Investopia Global - Hong Kong forum by Group CEO of the ADX Abdulla Salem Alnuaimi and HKEX Chief Executive Officer Bonnie Y Chan, in the presence of Mohammad Alhawi, Undersecretary of the Ministry of Investment, alongside Paul Chan Mo-po, Financial Secretary of Hong Kong SAR, underlining the pivotal role of this partnership in strengthening financial ties between the two regions.

The MoU seeks to expand ADX's international presence and advance global connectivity by facilitating mutual market access and supporting the co-development of products and services that meet evolving investor needs. This development demonstrates the ADX's ongoing efforts to deepen relationships with global markets.

Under the MoU, the ADX and HKEX will work together to enhance the visibility of their respective capital markets in each other's markets by organizing joint events, including roadshows, seminars, training programmes, and investor education activities.