At the 2024 Lujiazui Forum held in Shanghai, Bonnie Chan, CEO of the Hong Kong Exchanges (HKEX), emphasized the complementary strengths between HKEX and the three exchanges in the Chinese mainland. Speaking to CGTN, Chan highlighted how the collaboration among these four exchanges is fostering a diversified market that caters to the varied needs of enterprises across the country.
“The synergy between Hong Kong and the Chinese mainland exchanges is creating unparalleled opportunities for businesses,” Chan remarked. “By leveraging our unique strengths, we are building a robust financial ecosystem that supports the growth and innovation of enterprises domestically and internationally.”
The forum, a significant event in the financial sector, brought together industry leaders to discuss the future of China’s capital markets. Chan’s insights shed light on the strategic partnership between HKEX and the Chinese mainland exchanges, which aims to enhance market connectivity and provide investors with broader access to financial instruments.
Chan further elaborated on the initiatives designed to align the markets, including mutual market access programs and collaborative regulatory frameworks. “Our goal is to create a seamless financial landscape that benefits all stakeholders,” she said. “By working closely with our counterparts in the Chinese mainland, we can offer diversified investment options and drive sustainable economic growth.”
The ongoing cooperation is particularly significant for enterprises seeking to capitalize on the dynamic opportunities within Asia’s burgeoning markets. The combined efforts of the exchanges are expected to facilitate increased cross-border investments and support the internationalization of China’s financial markets.
Industry analysts at the forum echoed Chan’s sentiments, noting that the partnership enhances Hong Kong’s role as a global financial hub while complementing the development goals of the Chinese mainland’s exchanges. The collaborative approach is anticipated to attract a wider range of enterprises and investors, further solidifying the region’s influence in global finance.
The 2024 Lujiazui Forum continues to serve as a platform for dialogue and cooperation among financial institutions, policymakers, and industry experts, underscoring the importance of strategic alliances in shaping the future of Asia’s economic landscape.
Reference(s):
cgtn.com
