HKEX Expands Network with New UAE Partners

Hong Kong Exchanges and Clearing Limited (HKEX) has expanded its network by recognizing the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) as Recognised Stock Exchanges. This move is expected to bolster financial ties between Hong Kong and the United Arab Emirates, facilitating greater cross-border investment and listing opportunities.

The UAE's stock markets have shown remarkable growth. In 2023, the Dubai Financial Market achieved a notable 21.8% return, reflecting robust performances in key sectors like real estate and banking. The Abu Dhabi Securities Exchange also saw significant gains, contributing to a surge in market capitalization.

This recognition allows companies listed on ADX and DFM to seek secondary listings on the HKEX, enhancing their access to international investors. It underscores HKEX's strategy to diversify and internationalize its portfolio, promoting global financial integration.

The UAE markets' resilience amid global economic challenges, including geopolitical tensions and fluctuating interest rates, has been commendable. The addition of ADX and DFM to HKEX’s recognized list is seen as a step towards more dynamic and interconnected global financial markets.

These developments are expected to create more opportunities for investors and companies in both regions, fostering economic growth and collaboration. The strategic alliance between HKEX and the UAE’s leading stock exchanges is poised to facilitate a more robust and integrated financial environment.