HKEX Recognises Bursa Malaysia, Opens Path to Secondary Listings | LeapRate
Hong Kong Exchanges and Clearing said last week that it added Bursa Malaysia to its list of Recognised Stock Exchanges, allowing companies primarily listed on the Malaysian bourse to apply for a secondary listing in Hong Kong.
The move takes the number of Recognised Stock Exchanges in South-East Asia to four, alongside the Indonesia Stock Exchange, the Singapore Exchange and the Stock Exchange of Thailand.
Bursa Malaysia becomes the 21st exchange across 19 countries to be recognised by the Hong Kong operator.
The recognition, announced by The Stock Exchange of Hong Kong, builds on a memorandum of understanding signed between HKEX and Bursa Malaysia Berhad earlier this year. It coincided with a separate memorandum between Hong Kong’s Securities and Futures Commission and the Securities Commission Malaysia to expand mutual market access.
“We warmly welcome Bursa Malaysia to HKEX’s list of Recognised Stock Exchanges,” commented HKEX Chief Executive Officer Bonnie Y Chan. “This recognition reinforces the shared commitment between HKEX and Bursa Malaysia to enhancing regional connectivity and expanding access to capital across Asia.”
Bursa Malaysia Chief Executive Officer Dato’ Fad’l Mohamed said the status “creates new opportunities for Malaysian listed companies to broaden their international investor reach and access new sources of capital through a secondary listing in Hong Kong.”
He added that the recognition reflected confidence in Malaysia’s regulatory standards, market infrastructure and governance framework.
