Hong Kong Exchanges and Clearing Limited (HKEx) and Kazakhstan’s ETS sign MOU

Hong Kong Exchanges and Clearing Limited (HKEx) and Kazakhstan’s Eurasian Trading System Commodity Exchange Joint Stock Company (ETS) sign MOU

17/10/2011

Hong Kong Exchanges and Clearing Limited (HKEx) and Kazakhstan’s Eurasian Trading System Commodity Exchange Joint Stock Company (ETS) today (Monday) signed a Memorandum of Understanding (MOU) on cooperation and the exchange of information.

The MOU was signed by HKEx Executive Vice President and Head of Market Development Romnesh Lamba and ETS Chairman Kurmet Orazaev. The signing ceremony was held in Hong Kong and was witnessed by Consul General of Kazakhstan in Hong Kong Nurzhan Abdymomunov, HKEx Chief Executive Charles Li and other senior representatives of ETS and HKEx.

“The MOU entered into today with ETS marks an important first step for HKEx in collaborating with one of the world’s fastest growing economies. ETS is an important commodities exchange in Kazakhstan with both physical and derivatives products in agriculture, energy and metal. We hope this MOU will form a good base for future cooperation between the two markets,” said Mr Lamba.

"MOU between HKEx and ETS demonstrates mutual respect and interest in sharing experience and knowledge between the two exchanges. HKEx is an advanced exchange known worldwide with a long history of successful businesses in the formation and development of capital markets. ETS highly appreciates its cooperation with HKEx and will use its best endeavours to ensure the joint effort fruitful and useful to both parties," said Mr Orazaev.