Wednesday June 22 2016

News Source: Global Exchanges

Focus: Other

Type: General




On June 21, 2016 TMX Group and Shanghai Clearing House (SHCH) announced the signing of a Memorandum of Understanding (MoU) to establish a cooperative relationship to share information with respect to each other`s businesses and explore opportunities for collaboration.

Under the terms of the MoU, TMX Group and SHCH will form a working group to evaluate joint business opportunities, including the development of progressive market solutions and new products to support the growth of foreign investor participation in China`s financial markets.

TMX Group and SHCH will examine opportunities across each other`s core businesses to facilitate innovation, reduce costs and improve efficiency in both markets. The two organizations will also work together to raise awareness and promote ongoing dialogue concerning RMB bond and offshore RMB topics.

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