Important release, "dual listing"! Two major exchange listed companies | Hong Kong Stock Exchange | Exchange
Yesterday, the Beijing Stock Exchange and the Hong Kong Stock Exchange signed a memorandum of understanding in Beijing, launching a dual listing arrangement for eligible listed companies in both Beijing and Hong Kong.
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According to the memorandum, the Beijing Stock Exchange and the Hong Kong Stock Exchange will support listed companies that meet the conditions in both markets to apply for listing in each other's market. If a company listed on the Beijing Stock Exchange meets the conditions for issuance and listing on the Hong Kong Stock Exchange, it may submit an application for issuance and listing to the Hong Kong Stock Exchange in accordance with the Trial Measures for the Administration of Overseas Issuance and Listing of Securities by Domestic Enterprises, and then report to the China Securities Regulatory Commission for filing. Companies listed in Hong Kong that meet the relevant regulations of the China Securities Regulatory Commission and the listing conditions of the Beijing Stock Exchange may apply for public offering and listing on the Beijing Stock Exchange in accordance with the current system rules. The two institutions will also cooperate in project research, market promotion, personnel training and exchange, and investor services.