Wednesday December 4 2013
News Source: Global Exchanges
Focus: Other
Type: General
Country: International
Link: http://www.hkex.com.hk/eng/newsconsul/hkexnews/2013/131204news.htm
Hong Kong Exchanges and Clearing Limited (HKEx) and Singapore Exchange (SGX) have agreed to cooperate in several areas of common interest, which include promoting the internationalisation of the Renminbi by exploring joint product development; enhancing connectivity through points of presence in each other’s data centres; collaborating on technology development and regulatory issues; and may work closely in relation to extraterritorial market infrastructure regulation impacting the Asian region.
The cooperation underlines the growing importance of regional dialogue on topical issues and opportunities in an industry where rapid advancements in market technologies, the impact of supra-national regulations and the international evolution of the offshore Renminbi market are on the agenda for market operators, regulators and participants alike.
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