Astana International Exchange (“AIX”) and Hong Kong Exchanges and Clearing Limited (“HKEX”) signed a Memorandum of Understanding (“MoU”) aimed at strengthening cooperation and fostering closer ties between the two exchanges.
The MoU establishes a framework for collaboration across a range of areas of mutual interest related to the development of capital markets and exchange cooperation. In particular, the parties intend to explore opportunities to broaden cross-border listing activities, including dual listings in equities and cross-border listings of debt securities on their respective exchanges. The parties will also explore opportunities for joint initiatives, knowledge sharing, and broader engagement between their respective markets.
The agreement also provides for ongoing dialogue and regular interaction between the exchanges to support the exchange of market insights, enhance understanding of market developments, and identify potential areas for future cooperation.
Assel Mukazhanova, CEO of AIX, noted:
“The signing of this Memorandum of Understanding marks an important milestone in strengthening cooperation between Astana International Exchange and Hong Kong Exchanges and Clearing Limited. We see significant potential in closer collaboration between our markets, particularly in facilitating cross-border capital flows, enhancing connectivity between Central Asia and Asia’s leading financial centres, and creating new opportunities for issuers and investors alike.
As AIX continues to develop as a regional capital markets platform, cooperation with HKEX represents an important step towards deeper international integration and the exchange of expertise, innovation and best market practices. We are confident that this will contribute to further strengthening economic and investment ties between our regions.”
Bonnie Y Chan, CEO of HKEX, said:
"We are delighted to be entering into these agreements with AIX and the AIFC Authority, deepening our ties with one of the most dynamic financial centres in Central Asia, and as we build our connectivity with more Belt and Road markets. As Central Asia’s importance in global commodities and sustainable development continues to grow, these MOUs will help unlock new opportunities for global issuers and investors alike. By working closely with AIX to explore cross-border listings and with the AIFC Authority to collaborate in green finance and commodities, we are extending HKEX's role as a connector of markets and supporting the two-way flow of capital between Hong Kong and Central Asia".
In addition, AIX and HKEX may explore collaboration in research and other initiatives aimed at supporting market development and promoting greater connectivity between the two markets.