The Abu Dhabi Securities Market has signed a memorandum of understanding with the Hong Kong Stock Exchange to study collaboration in the field of indirect indicators and investigate the opportunities for double inclusion for equity, amid efforts of the Asian city to document its ties with its golf region. Both of the two markets today, Thursday, indicated in two separate press releases that the memo, which was signed during the interest of interest in Hong Kong, would facilitate mutual access to markets and support the development of joint products and services that meet the needs of investors. Improving the liquidity in the Abu Dhabi Financial Market, Abdullah Salem Al -News, CEO of Abu Dhabi Stock Souk Group in the statement that this step will contribute to the expansion of investment opportunities and increase the liquidity levels in the market to develop mutual infections, and Create practical channels to reach multiple financial markets. According to the memo, the two parties will investigate border financing opportunities, investment facilitation mechanisms and the joint development of products and indicators related to environmental, social management and corporate governance. In its statement, the Hong Kong Exchange documented the links with the Gulf and expressed its commitment to improve collaboration with the investors and the relevant authorities in the Middle East in general, pointing out that the increase in the participation of the region’s funds as large investors in the initial public proposals between these markets, which recently emphasized the durability of this market. Bonnie Wi -chan, CEO of Hong Kong Stock Exchange, said that the agreement with Abu Dhabi is an “important shift to strengthening communication between markets across the border and facilitating the capital flow between Hong Kong and the Middle East.” Last year, the Hong Kong Stock Exchange added the Abu Dhabi and Dubai to the recognized market list. Saudi Arabia established a similar partnership with the Hong Kong Stock Exchange years ago. This partnership was strengthened last May with the circulation of an indicator fund that detects the effects issued by the Saudi government in Hong Kong. This fund is the latest addition to a series of indicators following the Saudi and Chinese shares, which have been included in Hong Kong, Schenty, Shanghai and Riyadh since 2023. The Hong Kong Stock Exchange also announced to open an office in the Saudi capital, saying that it is within its efforts to promote the “greater connection between China and the Gulf region.”
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