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Business / Markets

HK, mainland bourses agree to establish JV

(Xinhua) Updated: 2012-06-28 17:49

HONG KONG - The Hong Kong Exchanges and Clearing Limited announced Thursday that it has signed an agreement to form a joint venture with the mainland's Shanghai Stock Exchange and Shenzhen Stock Exchange, to mainly engage in the development of financial products and related services.

The partners, with equal shareholding interest in the new company, will each invest HK$100 million as initial paid-up capital.

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