KUALA LUMPUR, March 27 — Bursa Malaysia Bhd and Hong Kong Exchanges and Clearing Ltd (HKEX) have partnered to gear up for dual listings between Hong Kong and Malaysia as part of an initiative to deepen collaboration, attract cross-market investment, and provide greater access to capital.
Both exchanges have also signed a memorandum of understanding (MoU) to establish the HKEX Bursa Malaysia Large Cap Index, a new co-branded benchmark to deepen collaboration and attract cross-market investment.
The HKEX Bursa Malaysia Large Cap Index will comprise 30 companies listed in Malaysia and 30 listed in Hong Kong.
The index is designed to strengthen Malaysia-Hong Kong capital market integration and support future cross-market investment opportunities, including products such as exchange-traded funds (ETFs).
Bursa Malaysia chief executive officer Datuk Fad’l Mohamed said the Bursa Malaysia-HKEX partnership is a win-win situation as it will help companies listed on both exchanges to access capital in another market through secondary listing.
“Many companies in Malaysia are currently listed on the exchange and are also conducting business in the Chinese market.
”Being able to pursue a dual listing in Hong Kong will provide these companies with better visibility and the ability to access capital to fuel their growth,” he told a press conference following the signing of the MoU with HKEX here today.
Under the MoU, both exchanges will pursue a closer partnership across five strategic areas — the co-development of market-driven indexes, cooperation to enhance access and promotion of ETFs, the facilitation of shariah-compliant securities in both markets, and collaboration in carbon markets.
Fad’l expressed hope that the initiative would materialise within six months.
On whether the collaboration supports Bursa Malaysia’s aim to achieve RM28 billion in total Initial Public Offering market capitalisation for 2026, he said the MoU will bring significant opportunities for the exchange.
“Bursa Malaysia is on the right trajectory to meet or exceed its targets, 16 IPOs already recorded, the focus remains on attracting companies offering larger IPOs to the market,” he added. — Bernama
Malay Mail – Money
