Vietnam And Hong Kong Sign Stock Exchange MoU
It was announced on Monday that Hong Kong Exchanges & Clearing and the
Ho Chi Minh Stock Exchange have signed a memorandum of understanding boosting
co-operation and information exchange. The pact aims to contribute to the growth of the securities markets in both
Hong Kong and Vietnam. The two sides will develop communication channels, conduct joint research projects
and stage conferences to advance the development of both organisations. The possibility of co-operation in areas such as technical assistance, training,
cross-border listing and trading, and the creation of share-price indices will
also be explored. HKEx Chief Executive Paul Chow announced that the memorandum marks a new stage
for HKEx's collaboration with one of the world's fastest growing economies. "We hope by entering into this MoU, Ho Chi Minh Stock Exchange and HKEx
will form a good base for collaboration in the promotion of dual listings and
other joint efforts," he stated. Ho Chi Minh Stock Exchange Vice Chairman and President Tran Dac Sinh added
that the pact will foster closer ties facilitating future co-operation opportunities
in areas such as market operations, regulation, cross listings and training,
as well as equity and derivative products. A comprehensive report in our Intelligence Report series examining offshore investment, offshore stock exchanges, and hedge funds is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report9.asp
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