Malaysia to list $1.5 billion Islamic bond on HKEX in regional financial integration push

The Malaysian government is dual-listing a $1.5 billion Islamic bond on the Hong Kong Exchanges and Clearing (HKEX) and Bursa Malaysia, marking a significant milestone in Hong Kong's strategy to capture Southeast Asian capital flows. This development follows recent diplomatic outreach by Hong Kong financial officials to Kuala Lumpur, signaling a deepening of financial ties between the two jurisdictions.