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KSE, HKEx eye signing MoU soon -- Kuwait envoy.

Kuwait' Consul General in Hong Kong Bader

Al-Tenib met Ronald Arculli, chairman of Hong Kong Exchanges and Clearing

Ltd., (HKEx, the stock exchange of Hong Kong) and Henry Law, HKEx vice

chairman and director of Corporate Communications. "The meeting explored ways to strengthen cooperation between Kuwait Stock

Exchange (KSE) and HKEx," Al-Tenib said in a phone call with KUNA on Saturday. The two sides proved the prospects of reviving the mutual investments in

the light of Kuwait's open-up policy, he pointed out. "The State of Kuwait attributes great importance to opening up to the

world's leading stack markets such as HKEx as part of its efforts to become a

global financial and economic hub," he affirmed. Al-Tenib noted that Arculli briefed him on status of HKEx which ranks as

third largest Asian stock market after Tokyo and China's Shanghai, and the

world's seventh largest exchange in terms of the capital of the listed

companies. The capital of HKEx owning company amounts to USD 18 billion, which made

the company the largest of its kind in the world, he noted. "HKEx leaders hailed cooperation with KSE and voiced desire to sign a

memorandum of understanding with a view to promoting exchange of experience

and build the capacity of commercialists of both sides," the Kuwait diplomat

revealed. HKEx welcome the planned visit by KSE team to it as part of friendly visit

exchanges, Al-Tenib added.

All KUNA right are reserved 2007.

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Publication:Kuwait News Agency (KUNA)
Geographic Code:9CHIN
Date:Mar 20, 2010
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