Hong Kong Stock Exchange CEO Visits Vietnam
Over the last few months, we have highlighted how Vietnam has bounced back from the pandemic to become a bright spot of economic growth in the region. Combined with the country’s growing international integration, through free trade agreements like the EVFTA and RCEP, Vietnamese companies are now on the radar of international markets and global stock exchanges.
HKEX CEO Visits Vietnam
Speaking to Vietnam Investment Review last week, the Chief Executive Officer of Hong Kong Exchanges and Clearing Limited (“HKEX”), Bonnie Y Chan, said that the international investors who trade on HKEX are attracted to Vietnam, its strong record of economic growth, and its potential for good returns on investment (“ROI”).
She also emphasised that HKEX is hoping to attract new companies to list on the exchange, in particular, those from within the Association of Southeast Asian Nations (“ASEAN”) region. Enterprises who list on HKEX gain access to capital not just from mainland Chinese investors looking for a more diversified portfolio, but also from global investors looking for exposure to high-growth markets. Ms. Chan shared her hope that, as a result of outreach and marketing, Vietnamese companies will join the 100 enterprises from ASEAN listed on HKEX in the future.
ASEAN Collaboration on the Agenda
During her visit, Ms. Chan and the Chief Executive of Hong Kong, John Lee, also met with the Chairman of the HCMC People’s Committee and emphasised their willingness to share the experience of the long-established and successful HKEX with the HCMC stock exchange (“HOSE”) and the Hanoi stock exchange (“HNX”). Helping exchanges across ASEAN to grow is good for growth and inward investment across the region, she added.
Turning to new investments, such as digital currencies, where adoption in Vietnam is high, Ms. Chan discussed how HKEX aims to “provide a regulated environment for investors to engage in this asset class” through futures and exchange-traded funds (“ETFs”) for Bitcoin and Etherium. These funds are open to Vietnamese investors and issuers, so long as licensing requirements are met.
The team at APFL Partners has extensive experience in both banking & finance and capital markets, advising major international investment banks in a range of banking, finance, and securities transactions such as listings, initial public offerings (“IPOs”), and equitisation. For more information about these issues, just contact us on: contact@apflpartners.com
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