LSEG and Shenzhen Stock Exchange sign MoU
01 March 2023 UK
Image: amnaj/stock.adobe.com
The London Stock Exchange Group (LSEG) and Shenzhen Stock Exchange (SZSE) have signed a Memorandum of Understanding (MoU) to support the growth of capital markets in the UK and China.
The MoU will help to facilitate greater corporation and enhance the potential for effective capital formation.
SZSE and LSEG will work together to enhance collaboration in areas including market development, product innovation and information exchange.
The collaboration will cover issuance and listing of depository receipts, mutual information display of green securities, data partnerships and market research, and joint development of indices and ETF tracking.
Both parties will promote opportunities for the listing of depository receipts through Stock Connect, including companies contributing to the Green Economy.
LSEG and SZSE will also explore the development of richer data sets and indices to help investors better understand the Chinese markets.
SHA Yan, president and CEO of Shenzhen Stock Exchange, says: “The MoU signing between SZSE and LSEG is not only a progress summary of the close cooperation between the two exchanges, but also a starting point for a higher-level of cooperation.
“We hope that the two exchanges will continue to deepen pragmatic cooperation in multiple fields and enhance the ability of the capital market in serving the real economy of the two countries."
Julia Hoggett, CEO of London Stock Exchange, adds: "The MoU is a testament to our commitment to collaborate across a broad range of areas to facilitate the further development and enrichment of global capital markets.”
The MoU will help to facilitate greater corporation and enhance the potential for effective capital formation.
SZSE and LSEG will work together to enhance collaboration in areas including market development, product innovation and information exchange.
The collaboration will cover issuance and listing of depository receipts, mutual information display of green securities, data partnerships and market research, and joint development of indices and ETF tracking.
Both parties will promote opportunities for the listing of depository receipts through Stock Connect, including companies contributing to the Green Economy.
LSEG and SZSE will also explore the development of richer data sets and indices to help investors better understand the Chinese markets.
SHA Yan, president and CEO of Shenzhen Stock Exchange, says: “The MoU signing between SZSE and LSEG is not only a progress summary of the close cooperation between the two exchanges, but also a starting point for a higher-level of cooperation.
“We hope that the two exchanges will continue to deepen pragmatic cooperation in multiple fields and enhance the ability of the capital market in serving the real economy of the two countries."
Julia Hoggett, CEO of London Stock Exchange, adds: "The MoU is a testament to our commitment to collaborate across a broad range of areas to facilitate the further development and enrichment of global capital markets.”
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