HKEx Targets Listings From International Companies
January 21 2016 - 1:20AM
Dow Jones News
By Gregor Stuart Hunter
Hong Kong's stock exchange will seek to give international
companies such as Apple Inc and The Walt Disney Company the ability
to sell stock to Chinese buyers using the Stock Connect trading
link, the exchange's chief executive says.
As part of its strategic plan for the next three years, the
exchange will also seek to offer index futures and options for
domestic Chinese shares, alongside an expansion of its commodity
business to include more physical trading, said Charles Li, chief
executive of Hong Kong Exchanges and Clearing.
The bourse operator seeks to expand the Stock Connect trading
link, which launched in 2014 and allows global investors to buy
Shanghai-listed shares and Chinese investors to invest in Hong
Kong-listed securities, to allow China's vast pool of savings to be
invested into primary listings.
"If realised, over time it'll fundamentally change the way we
are seen by issuers and investors," he said. He cited companies
like Apple and Disney as potential candidates that could
potentially list if the requisite regulatory changes were made.
Write to Gregor Stuart Hunter at gregor.hunter@wsj.com
(END) Dow Jones Newswires
January 21, 2016 01:05 ET (06:05 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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