On June 29, 2023, the Beijing Stock Exchange (hereinafter referred to as "CBEX") and the Hong Kong Stock Exchange signed a memorandum of understanding on cooperation (hereinafter referred to as the "MOU") in Beijing. Sui Qiang, general manager of CBEX, attended the signing ceremony of the memorandum and delivered a speech, and Chen Yiting, co-chief operating officer of HKEX, delivered a speech. Li Yongchun, deputy general manager of CBEX, signed a memorandum with Chen Yiting.

According to the memorandum, CBEX and HKEX will support eligible listed companies in both markets to apply for listing in the other markets. A company listed on the Beijing Stock Exchange that meets the listing requirements of the Hong Kong Stock Exchange may, in accordance with the "Trial Measures for the Administration of Overseas Issuance and Listing of Securities by Domestic Enterprises", submit the application documents for issuance and listing to the Hong Kong Stock Exchange and report to the China Securities Regulatory Commission for filing. Companies listed in Hong Kong that meet the relevant regulations of the China Securities Regulatory Commission and the listing conditions of the Beijing Stock Exchange can apply for public offering and listing on the Beijing Stock Exchange in accordance with the current rules and regulations. The two institutes will also cooperate in project research, marketing, personnel training and exchanges, and investor services.

General Manager Sui Qiang said in his speech that the Beijing Stock Exchange shoulders the important mission of building a position serving innovative small and medium-sized enterprise owners. Securities lending and mixed trading systems, all kinds of investors actively participate in market transactions, and the Beijing Stock Exchange has moved from a stable opening operation to a critical period of both scale and function improvement. It will further deepen reforms, develop characteristics and advantages. The introduction of the listing arrangement in Beijing and Hong Kong is an important measure to promote the institutional opening of the capital market, continue to deepen the reform of the Beijing Stock Exchange, and respond to market demand under the overall planning of the China Securities Regulatory Commission. It will further expand the benefits of the "A+H" model in the Mainland and Hong Kong , facilitating more enterprises to take advantage of the Beijing-Hong Kong market to accelerate their development. The cooperation between Beijing and Hong Kong will also help build Beijing an international science and technology innovation center, consolidate Hong Kong's status as an international financial center, better serve the real economy, and support the realization of high-level technological self-reliance.

Au Guansheng, CEO of HKEX Group, said that we are very pleased to sign the memorandum of cooperation with CBEX, which has laid a good foundation for the long-term and in-depth financial cooperation between the two exchanges, and has also taken a new step for us to connect China and the world. We look forward to working together with CBEX to connect capital and innovation, actively support the growth of enterprises, create opportunities for investors, and promote the common prosperity of the capital markets of the two places.

This cooperation is an important step in CBEX's foreign exchanges and cooperation and the promotion of institutional opening-up, and it is also an important achievement of deepening cooperation between the capital markets of Beijing and Hong Kong. In the next step, CBEX will focus on the goal of promoting market construction with high quality, continue to deepen reforms, enhance service capabilities, improve market ecology, promote internationalization to a higher level and deeper level, and better serve the innovation and development of domestic small and medium-sized enterprises. Serving more domestic and foreign investors to share the dividends of China's high-quality economic development.

Relevant leaders and department heads of CBEX and HKEX, as well as representatives of some enterprises and intermediaries ,attended the memorandum signing ceremony.