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MarketScreener Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  Hong Kong Exchanges and Clearing Limited    0388   HK0388045442

HONG KONG EXCHANGES AND CLEARING LIMITED

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Hong Kong Exchanges and Clearing Limited : Singapore Exchange, HKEx to Cooperate on Yuan Internationalization, Connectivity

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12/04/2013 | 12:15am EDT
   By P.R. Venkat 
 

SINGAPORE--The Hong Kong Exchanges & Clearing Ltd. (>> Hong Kong Exchanges and Clearing Limited) and Singapore Exchange Ltd. (S68.SG) have entered into an agreement to jointly develop products that will promote the internationalization of the yuan.

In a joint statement both the exchanges said that the two have also agreed to boost connectivity by establishing a presence in each other's data centres and collaborating on technology development.

The agreement will allow both the exchanges to build on Hong Kong's position as the premier offshore yuan centre, HKEx Chief Executive Charles Li said in the statement. He said developing closer links with Singapore will also help regional investors deploy a growing pool of investable offshore yuan.

"Our collaboration with HKEx, through new products and services available on both exchanges, is yet another example how the Asian Gateway enables easier access to Chinese capital markets," Singapore Exchange chief executive Magnus Bocker said.

The Asian Gateway refers to the Singapore Exchange's plan to place Singapore as a destination for regional exchanges to provide platforms for investors across Asia, to provide services such as raising funds and listing on the exchange.

Write to P.R. Venkat at venkat.pr@wsj.com

Stocks mentioned in the article : Hong Kong Exchanges and Clearing Limited
Stocks mentioned in the article
ChangeLast1st jan.
HONG KONG EXCHANGES AND CLEARING LIMITED 0.15% 273.4 End-of-day quote.19.60%
SINGAPORE EXCHANGE LIMITED 0.50% 7.99 End-of-day quote.10.97%
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Financials (HKD)
Sales 2019 17 293 M
EBIT 2019 12 166 M
Net income 2019 10 444 M
Finance 2019 13 766 M
Yield 2019 2,69%
P/E ratio 2019 33,0x
P/E ratio 2020 28,5x
EV / Sales2019 19,0x
EV / Sales2020 13,7x
Capitalization 343 B
Chart HONG KONG EXCHANGES AND CLEARING LIMITED
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Technical analysis trends HONG KONG EXCHANGES AND CL
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 17
Average target price 299,23  HKD
Last Close Price 273,40  HKD
Spread / Highest target 26,6%
Spread / Average Target 9,45%
Spread / Lowest Target -12,9%
EPS Revisions
Managers
NameTitle
Charles Xiaojia Li CEO & Ex-Officio Executive Director
May Lung Cha Chairman
Chi Kin Tai Joint Chief Operating Officer & Head-Clearing
Kwok Keung Lee Joint Chief Operating Officer
John F. Killian Chief Financial Officer
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