HKEX and Indonesia Stock Exchange Sign MoU

Hong Kong Exchanges and Clearing Limited (HKEX) announced Wednesday that it has signed a Memorandum of Understanding (MOU) with Indonesia Stock Exchange (IDX). The partnership will explore opportunities across a number of strategic areas that seek to support the mutual development of both organisations and their corresponding markets.

Under the terms of the MOU, HKEX and IDX will look to collaborate on opportunities relating to cross-border listings in the Hong Kong and Indonesian markets, joint product development and ESG initiatives, such as the promotion of sustainable finance in Asia.

HKEX Chief Executive Officer Nicolas Aguzin said: “We are delighted to be signing an MOU with IDX, as we continue to build the connectivity between Hong Kong and Southeast Asia, one of the world’s fastest-growing and most exciting regions. HKEX is the home of Asia’s most vibrant international marketplace, offering exclusive connectivity to Mainland China’s onshore markets, while IDX sits at the heart of one of the region's most innovative economies, known for its talent, creativity and new economy pioneers. Working together, we look forward to opening-up new possibilities for deeper collaboration between our markets, as we connect capital with opportunities.”

IDX President Director Iman Rachman said: “Hong Kong is one of the world’s leading international financial centers. The collaboration between the IDX and HKEX aims to strengthen the global position of the Indonesian capital market. Through this MOU, the two parties will cooperate closely towards the common goal of opening up new opportunities and exploring new product development.”