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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Hong Kong Exchanges and Clearing Limited    388   HK0388045442

HONG KONG EXCHANGES AND CLEARING LIMITED

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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.
ACCESS CO., LTD. -2.90% 805 End-of-day quote.-15.71%
HONG KONG EXCHANGES AND CLEARING LIMITED -0.94% 381.4 End-of-day quote.50.75%
PREMIER, INC. 1.37% 34.71 Delayed Quote.-8.37%
SINGAPORE EXCHANGE LIMITED -2.48% 8.64 End-of-day quote.-2.48%
US DOLLAR / CHINESE YUAN RENMINBI (USD/CNY) 0.00% 6.967 Delayed Quote.-0.14%
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Financials
Sales 2020 18 176 M 2 345 M 2 345 M
Net income 2020 10 629 M 1 371 M 1 371 M
Net cash 2020 142 B 18 364 M 18 364 M
P/E ratio 2020 45,1x
Yield 2020 2,01%
Capitalization 482 B 62 231 M 62 230 M
EV / Sales 2020 18,7x
EV / Sales 2021 17,1x
Nbr of Employees 1 854
Free-Float 94,1%
Chart HONG KONG EXCHANGES AND CLEARING LIMITED
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Technical analysis trends HONG KONG EXCHANGES AND CL
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 23
Average target price 360,35 HKD
Last Close Price 381,40 HKD
Spread / Highest target 21,1%
Spread / Average Target -5,52%
Spread / Lowest Target -33,4%
EPS Revisions
Managers
NameTitle
Xiaojia Li CEO & Executive Director
Romnesh Lamba Co-President
Chi Kin Tai Co-President & Chief Operating Officer
May Lung Cha Non-Executive Chairman
Vanessa Lau Group Chief Financial Officer
Sector and Competitors
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