Hong Kong Exchanges & Clearing (HKEx) is planning to form a joint venture with the Shanghai and Shenzhen stock exchanges in Hong Kong, The Wall Street Journal reports. The areas of cooperation may include the development of index and other equity derivative products.
The potential deal between the Hong Kong and Chinese exchanges will have a constant focus on Chinese market. Separately, HKEx is planning to extend trading hours in Hong Kong for better alignment with Chinese markets.
Click here for the story from The Wall Street Journal.
Click here for additional coverage from Reuters.