Thursday June 1 2017
News Source: Global Exchanges
Focus: Other
Type: General
Country: International
Link: https://www.szse.cn/main/en/AboutSZSE/SZSENews/SZSENews/39772012.shtml
Shenzhen Stock Exchange (SZSE) and Bombay Stock Exchange Limited (hereinafter referred as BSE) signed a memorandum of understanding on 1st June 2017 regarding jointly promoting the capital market cooperation, serving the development of small-and-medium enterprises and innovative enterprises of two countries.
According to the agreements, SZSE and BSE will establish regular exchange mechanism, explore and carry out Sino-India Cross-border Capital Market Cooperation. Firstly, the two exchanges will learn from each other’s supervision and serving system on innovative small-and-medium enterprises, probe and expand each other’s serving chain and propel the display of featured products in the counterpart’s market. Secondly, the two exchanges will enhance the index products cooperation research, and create advantageous situation for the promotion of the counterpart’s core index product in the local market, facilitate the local institutions to develop fund products that track index products of the counterpart’s market.
For the next move, SZSE will work with BSE and other Sino-India institutions in respect of sharing information and building cooperation networks, contributing in the emerging and developing technological and innovative enterprises in China and India, facilitating the formation of cross-border capital, and serving the ‘belt and road’ initiatives.
Please click on the above link for more information.