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Hong Kong Exchanges & Clearing ( (HK:0388) ) has provided an announcement.
HKEX has announced a strategic investment in CMU OmniClear Holdings Limited, acquiring a 20% stake through a transaction with the Exchange Fund managed by the Hong Kong Monetary Authority (HKMA). This investment, valued at up to HK$455 million, aims to strengthen the partnership between HKEX and HKMA to advance Hong Kong’s fixed-income and currencies ecosystem. The collaboration is expected to enhance the post-trade securities infrastructure in Hong Kong, with a focus on expanding investor services, asset class coverage, and collateral management, thereby boosting CMU’s competitiveness and efficiency. The completion of the investment is contingent upon certain conditions, including CMU OmniClear Holdings acquiring full ownership of CMU OmniClear.
The most recent analyst rating on (HK:0388) stock is a Buy with a HK$540.00 price target. To see the full list of analyst forecasts on Hong Kong Exchanges & Clearing stock, see the HK:0388 Stock Forecast page.
More about Hong Kong Exchanges & Clearing
Hong Kong Exchanges & Clearing Limited (HKEX) operates in the financial market infrastructure industry, providing services related to the listing, trading, and clearing of securities in Hong Kong. It plays a crucial role in the financial markets by facilitating the trading of a wide range of financial instruments, including equities, fixed-income products, and currencies.
Average Trading Volume: 5,416,971
Technical Sentiment Signal: Buy
Current Market Cap: HK$542.4B
Learn more about 0388 stock on TipRanks’ Stock Analysis page.