INTERNATIONAL: Shenzhen Stock Exchange Signs Memorandum of Understanding with Euronext

Tuesday May 19 2015

Euronext and the Shenzhen Stock Exchange (SZSE) have signed a Memorandum of Understanding (MOU) to enhance the development of Exchange Traded Products (ETPs) in the Republic of China and the Euronext markets. The MOU is the starting point for collaboration on joint development, research, marketing, and specialized trading technology, as well as co-branding of indices and Exchange Traded Products.

The two exchanges have agreed to a series of engagements to further develop ETP trading. In order to facilitate Chinese residents’ effective and convenient investment in the European market and European investors in the Chinese market, Euronext and SZSE will actively promote cross listings of ETPs. The exchanges will also collaborate on index-related subjects, research papers or, when appropriate, on index compilation based on global or local markets. Both exchanges will also support each party’s licensing of market data in the other party’s market.

Euronext and SZSE will explore the possibility of further future cooperation on other relevant subjects, such as the development of capital raising facilities for small and medium enterprises, dual listing, the fixed income market and off-shore RMB products.

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