The Hong Kong Stock Exchange and the Malaysia Exchange launch a joint-named index

HKEX (00388.HK) announced the signing of a memorandum of cooperation with Bursa Malaysia to enhance cooperation and connections between the capital markets of the two regions, including collaboration in areas such as dual listings, exchange-traded funds, index and investment product development, Islamic financial products, and carbon markets.

As part of the cooperation, the two exchanges jointly launched a new co-branded index—the HKEX Bursa Malaysia Large Cap Index. This index aims to help investors capture more cross-market opportunities by tracking the performance of the 60 largest companies listed in Hong Kong and Malaysia, with each market contributing 30 constituent stocks. The index weight is approximately 60% for Hong Kong-listed companies and about 40% for Malaysia-listed companies.

HKEX Group CEO Nicolas Aguzin stated that strengthening connections with markets across Asia is a strategically important aspect. As HKEX is committed to building a diversified asset ecosystem and actively attracting more international capital into Asia, especially in the context of increasing macroeconomic uncertainty, the launch of the co-branded index and the signing of the memorandum of cooperation both signify new progress in regional connectivity and bring substantial benefits to the market