The Beijing Stock Exchange, and Hong Kong Exchanges and Clearing Ltd have signed a memorandum of understanding to support qualified listed companies applying for listings in each other's market, the exchanges said on Thursday.

Sui Qiang, general manager of BSE, said the support for issuers to list in the Beijing and Hong Kong markets underscores BSE's commitment to deepening reforms and further opening up its market, allowing more companies to leverage both markets in the acceleration of their development.

The exchanges will also work together in a number of areas, such as joint marketing programs, joint research projects, investor education and personnel exchanges, according to the HKEX.