Hong Kong Exchanges and Clearing (HKEx) and the Taiwan Stock Exchange Corporation (TWSE) have signed a memorandum of understanding (MoU) on the sharing of regulatory information.
In light of the increasing number of companies dual-listed in Hong Kong and Taiwan, HKEx and TWSE entered into the MoU to further cooperate with each other and to facilitate the proper regulation of dual-listed companies in their respective markets, in the interest of fulfilling the two exchanges' respective regulatory responsibilities.
At present, 16 Hong Kong-listed companies have listed depositary receipts on TWSE.
Under the MoU, HKEx and TWSE will share regulatory information including trading suspensions and resumptions relating to the dual-listed companies.
The MoU was signed by HKEx chief executive Charles Li and TWSE chairman Chi Schive.
Both Chinese and Taiwanese companies have explored depository receipt progammes in the US as well as other Asian markets, such as Singapore.