On July 3, Hong Kong Exchanges and Clearing Limited (HKEx) and Moscow Interbank Currency Exchange (MICEX) signed a Memorandum of Understanding (MOU) on cooperation and the exchange of information.
The MOU was signed by HKEx Chief Executive Paul Chow and MICEX President Alexander Potemkin. Professor K C Chan, Secretary for Financial Services and the Treasury, also attended the MOU signing ceremony.
Mr Chow said: "The MOU entered into with MICEX today marks a new stage of development for HKEx in collaborating with a major stock exchange in Russia and Eastern Europe. We hope by entering into this MOU, MICEX and HKEx will have a closer relationship in sharing market information and enhance the development of exchanges in the two regions by promoting dual listings and bilateral flow of investment funds."
HKEx Chief Executive Paul Chow (right) and MICEX President Alexander Potemkin exchange documents after signing a Memorandum of Understanding establishing official cooperation, as Professor K C Chan, Secretary for Financial Services and the Treasury (third from right), Sergey N. Gritsay, Consul-General of the Russian Federation in the Hong Kong SAR (fourth from right) and senior officials of HKEx and MICEX look on. -http://www.hkex.com.hk
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