Hong Kong Exchanges and Clearing Ltd. (HKEx, 00388.HK) is planning a third board for emerging sectors and a stock link with mainland China for initial public offerings.
The aim is to double cross-border stock transactions in the spot market, equity derivatives and fixed-income products, the Hong Kong Economic Journal reports, citing HKEx chief executive Charles Li.
Also being planned is a common trading platform between Hong Kong and London, allowing investors on both sides to trade in each other’s commodity market.
HKEx is also planning a commodity trading and financing platform with mainland China, as well as a cross-border link for fixed income and currency products.
It is finalizing the launch of the long-awaited Shenzhen-Hong Kong Stock Connect and a trading vehicle for futures and options.
David Graham, chief regulatory officer and head of listing, said the proposed IPO link with China will encourage foreign companies to list in Hong Kong in order to tap liquidity in the Chinese market.
No timetables have been announced.
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