Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

The Stock Exchange Of Thailand Builds New Alliance With Hong Kong Bourse

Date 11/05/2001

Mr. Vicharat Vichit-Vadakan, the Stock Exchange of Thailand (SET) President announced that he and the SET Chairman, Mr.Amaret Sila-on, have signed a Memorandum of Understanding (MoU) with the Hong Kong Stock Exchanges & Clearing Ltd.(HKEx) to exchange information which will enhance both exchanges’ development . The signing, which took place in Hong Kong on May 10, 2001, formalized an agreement between the bourses to support each other’s operations.

“The signing of the Memorandum of Understanding between the Stock Exchange of Thailand and the Hong Kong Exchanges & Clearing Ltd. (HKEx) is a cooperative effort to exchange information between the two exchanges. Our aim is to maintain the integrity of both markets as well as to improve the operations of each exchange. Moreover, this joint effort will boost our competitive potential as well as build a key business alliance. We view this signing as a crucial undertaking at a time when world capital markets are experiencing rapid changes,” Mr. Vicharat said.

Notably, the SET and nine other exchanges have signed MoUs. These exchanges include the New York Stock Exchange (USA), the Philadelphia Stock Exchange(USA), the Pacific Stock Exchange (USA), the Australian Stock Exchange, Taiwan Stock Exchange and the Tokyo Stock Exchange.

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