HKEX Adds Indonesia Stock Exchange to Its Recognised Stock Exchange List

The Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), announced last Friday (November 24) that it has added the Indonesia Stock Exchange (IDX), as a Recognised Stock Exchange (RSE). This will allow companies with a primary listing on IDX's main market to apply for a secondary listing in Hong Kong.

This recognition follows a Memorandum of Understanding signed in July between HKEX and IDX, to explore cooperation in a number of areas, including cross-listing opportunities.

HKEX Head of Listing, Katherine Ng, said: "We are pleased to announce that IDX, one of Southeast Asia's leading exchanges, has been added to our list of Recognised Stock Exchanges. IDX is home to many of Indonesia's state-owned enterprises, as well as some of the region's most pioneering technology, consumer, and healthcare innovators.

"This addition will support potential cross-listings, providing domestic Indonesian companies with access to a wider regional and global investor base, opening up new opportunities for growth and enhanced market visibility. This will also enrich HKEX's market offering, providing investors with a wider selection of investment opportunities, reinforcing Hong Kong's role as Asia's premier international financial market."

With the inclusion of IDX and the earlier Saudi Exchange (Tadawul), there are currently 17 exchanges across 16 countries on the RSE List of HKEX.