HKEx looks to team up with Brazil for cross-border listings

Hong Kong Exchanges and Clearing will begin working with Brazil's stock exchange at the end of the year on a plan to link the two bourses for cross-border listing, according to chairman Ronald Arculli.

'It would be possible for Brazilian companies to list in Hong Kong, while Hong Kong and mainland companies could also consider listing in Brazil,' Arculli said at a reception marking the 10th anniversary of the HKEx's listing.

Arculli said no detailed decisions have taken place so far but the two bourses were studying how to encourage cross-border listings. He will lead a delegation to visit Brazil's stock exchange in December to see if any agreement can be made.

Currently, no Brazilian companies are listed here and no Hong Kong firms are listed in Brazil. But brokers said increasing trade ties between Brazil and China means more firms from the South American country may be interested in listing in Hong Kong and vice versa.

Arculli also said he would lead delegations to France and Germany in October in a bid to attract more companies to list in Hong Kong.

'This is to attract more international companies to raise funds in Hong Kong. France and Germany have a lot of well-known brands, which are familiar to Hong Kong people. We welcome these companies to list here,' Arculli said.