“The simplified dual initial public offering (IPO) listing framework between Malaysia and Hong Kong will take effect next month, further strengthening capital market linkages between the two economies.”
“Transport Minister Anthony Loke Siew Fook said the framework was among the latest developments in Malaysia-Hong Kong economic ties, following a memorandum of understanding (MoU) signed by the Securities Commission Malaysia (SC) and Hong Kong’s Securities and Futures Commission on July 23.”
“Loke said Bursa Malaysia had also been recognised as a Recognised Stock Exchange by Hong Kong Exchanges and Clearing Ltd (HKEX), enabling public limited companies listed on Bursa Malaysia to apply for a secondary listing in Hong Kong.”
“He said the development would provide Malaysian companies with greater access to Hong Kong’s capital market and investors.”
“He said Cathay Pacific had added a fourth daily service on the Kuala Lumpur-Hong Kong route since March, reflecting growing commercial demand, while Malaysia Airlines added direct services from Kuala Lumpur to Shenzhen and Changsha in July, bringing its Greater China network to nine gateways.”
“On cargo connectivity, Loke said Hong Kong International Airport was among the world’s busiest cargo gateways, while Port Klang sits along one of the world’s most heavily used shipping lanes.”