HKEX to Invest In Beijing Data Technology Firm
Liao Shumin
DATE:  Sep 05 2019
/ SOURCE:  yicai
HKEX to Invest In Beijing Data Technology Firm HKEX to Invest In Beijing Data Technology Firm

(Yicai Global) Sept. 5 -- Hong Kong Exchanges and Clearing has penned an agreement to acquire a minority stake in data technology firm Huakong TsingJiao Information Science (Beijing).

The bourse did not state the investment amount and shareholding ratio, however, in the announced it made yesterday.

TsingJiao specializes in the research into and development of multi-party computation technologies. MPC is a subfield of cryptography that seeks to allow collaborative data analysis without revealing private information.

Beijing's prestigious Tsinghua University is TsingJiao's key shareholder.

"We firmly believe that data will soon become a new asset class for financial markets, and we are delighted to partner with TsingJiao to help us realize our vision of building a data marketplace," said HKEX Chief Executive Charles Li.

Editor: Ben Armour

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Keywords:   Hong Kong Exchanges And Clearing Limited