Chen Maobo: Hong Kong Exchange (00388.HK) acquires a stake in Xin Qing Clearing Holdings to accelerate the efficient interconnection of financial infrastructure.

According to the iFinance app, on November 12, the Hong Kong Monetary Authority, Hong Kong Exchanges and Clearing Limited (00388.HK), and Sun Hung Kai Clearing Holdings signed a ceremony to deepen strategic partnerships. Hong Kong Financial Secretary Paul Chan pointed out in his speech that this strategic cooperation is a key step in accelerating the efficient interconnection of financial infrastructure and a breakthrough in the development of the Hong Kong financial market. He said that this cooperation has great significance in Hong Kong's financial development blueprint. This transaction highlights the market forces in Hong Kong seeking greater leverage, accelerating the efficient interconnection and innovative development of financial infrastructure. The Hong Kong Monetary Authority and the Hong Kong Exchanges and Clearing Limited joining forces will create favorable conditions for speeding up and deepening the development of Hong Kong's international financial market.