Abu dhabi: The Abu Dhabi Securities Exchange (ADX) today signed a Memorandum of Understanding (MoU) with Hong Kong Exchanges and Clearing Limited (HKEX) to deepen cooperation and shared ambition between the UAE and Hong Kong capital markets. The MoU was signed 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. This partnership aims to strengthen the financial ties between the two regions.
According to Emirates News Agency, the MoU builds on the relationship between the two exchanges that dates back to their first agreement in March 2007. The new agreement seeks to expand ADX's international presence and advance global connectivity by facilitating mutual market access and supporting the co-development of investor-centric products and services. This initiative highlights ADX's commitment to forging deeper connections with global markets.
Under the terms of the MoU, ADX and HKEX will collaborate to enhance the visibility of their respective capital markets by organizing joint events such as roadshows, seminars, training programs, and investor education activities. The parties will also explore dual listings, cross-border financing, and mechanisms to facilitate investment, while evaluating collaboration on exchange-traded funds and ESG-related products and indices to enhance market connectivity.
Alnuaimi commented, "Our MoU with HKEX reinforces the strong ties between Abu Dhabi and Hong Kong and marks a key step in ADX's global integration journey. By advancing cross-listings, developing innovative products such as ETFs and indices, and creating practical channels for multi-market access, we will broaden investment opportunities and deepen liquidity."
Bonnie Y Chan expressed delight in strengthening the relationship with ADX, emphasizing that this arrangement marks a significant step in enhancing cross-border market connectivity and facilitating capital flows between Hong Kong and the Middle East. By working closely with ADX, HKEX aims to unlock new investment opportunities and strengthen market infrastructure to meet the evolving needs of global issuers and investors.
This strategic collaboration opens new pathways for issuers and investors, expands access to diversified instruments, and reinforces resilience. It underscores ADX and HKEX's shared commitment to innovation, open capital flows, investor protection, and stronger connectivity between global financial hubs.