HKEx considers more services for mainland issuers (Xinhua) Updated: 2006-07-26 21:46
Hong Kong Exchanges & Clearing Limited (HKEx) Chairman Ronald Arculli
said on Wednesday that the body may consider providing more services to Chinese
mainland issuers to help them better understand its rules and regulations.
Launching the latest issue of HKEx's quarterly newsletter on Wednesday,
Arculli said his priority is to uphold the interests of shareholders and those
of the investing public. HKEx can secure good returns for its shareholders by
improving its services, he added.
"Organically growing quality products and services, both to issuers and
investors, will ultimately set our Exchange apart from others," he said.
"One of the areas we might consider improving is to provide more services to
the Chinese mainland issuers so they are well acquainted with our rules and
regulations."
He said HKEx will also continue its marketing and promotional activities on
the Chinese mainland and elsewhere to attract potential issuers and investors.
"I hope HKEx can take advantage of the many significant opportunities
presented to it in the future, particularly given our strong relationship with
the Chinese mainland.
"We will be exploring this room for development and other opportunities in
the next three-year strategic plan, which the board and management are in the
process of formulating, as the existing one comes to a successful completion,"
he said.
A total of 335 Chinese mainland companies had listed in HKEx by the end of
2005 and the number of listed mainland enterprises accounted for over 30 percent
of the enterprises listed in Hong Kong by the end of 2005.
The traded volume of the listed Chinese mainland companies accounted for 46
percent of the HKEx's total. In addition, all of the top 10 initial public
offering (IPO) ventures in HKEx's history came from the Chinese mainland.
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