New Zealand Stock Market News
NZX has signed a memorandum of understanding with Hong Kong Exchanges
and Clearing to investigate broader regional product development, and
both have one eye firmly on green finance and sustainability
initiatives
The Wellington-based stock market operator and its Hong Kong counterpart want to promote market development in a range of areas including foreign investment, derivatives, depositary receipts, listed debt, dual listings, and exchange-traded funds, NZX said in a statement.
The companies will also share information for green finance and offer staff secondments to bolster their understanding of each other's market.
This supports the New Zealand exchange’s commitment to increase its international presence as outlined in NZX’s recently released strategy NZX chair James Miller said. It highlights NZX’s desire to expand the reach and connection of the New Zealand market.
The deal follows soundings from New Zealand's stock market operator that it needed to make it easier for overseas companies to join NZX as a secondary listing among a handful of proposals to refocus the firm on driving shareholder value and reinvigorating the local capital market.
The tie-up on green finance also hits one of NZX's goals to leverage a growing drive for sustainability with the establishment of a green bond market.
NZX shares fell 1.8 percent to $1.11, having increased 2.8 percent over the past 12 months.
(BusinessDesk)
The Wellington-based stock market operator and its Hong Kong counterpart want to promote market development in a range of areas including foreign investment, derivatives, depositary receipts, listed debt, dual listings, and exchange-traded funds, NZX said in a statement.
The companies will also share information for green finance and offer staff secondments to bolster their understanding of each other's market.
This supports the New Zealand exchange’s commitment to increase its international presence as outlined in NZX’s recently released strategy NZX chair James Miller said. It highlights NZX’s desire to expand the reach and connection of the New Zealand market.
The deal follows soundings from New Zealand's stock market operator that it needed to make it easier for overseas companies to join NZX as a secondary listing among a handful of proposals to refocus the firm on driving shareholder value and reinvigorating the local capital market.
The tie-up on green finance also hits one of NZX's goals to leverage a growing drive for sustainability with the establishment of a green bond market.
NZX shares fell 1.8 percent to $1.11, having increased 2.8 percent over the past 12 months.
(BusinessDesk)
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