HK Exchanges jumps on report HK IPOs to be exempt from cybersecurity reviews

** Shares of Hong Kong Exchanges and Clearing rise as much as 5.1% to HK$531, their highest since Feb. 24

** Stock of the city's bourse operator is on track for its best day since July 7; the biggest percentage gainer in Hang Seng Finance Index and the second biggest percentage gainer in the benchmark Hang Seng Index

** Stock is the third most actively traded by turnover, and the fifth biggest percentage gainer in Hong Kong composite Industry Index tracking financials stocks

** China plans to exempt companies going public in Hong Kong from reviews by the country's cybersecurity regulator, removing one hurdle for businesses that list in the Asian financial hub instead of the U.S., Bloomberg News reported citing people familiar with the matter

** Bankers briefed by the CSRC came away with the impression that the approval process for Hong Kong would be less onerous than for the U.S., the report added

** The Hong Kong composite Industry Index tracking financials stocks climbs 0.5%

** The Hang Seng Finance Index gains 0.7%, and the benchmark Hang Seng Index climbs 0.5%

** The stock had risen 18.8% this year, as of last close