SZSE and LSEG Signs a MOU on Cooperation
China and the UK have great potential for further cooperation in the field of capital market. For a long time, SZSE and LSEG have maintained a good relationship, and have carried out pragmatic cooperation in areas such as personnel training, joint market promotion, cross-border investment and financing services, and product development and business research. In 2017, the ELITE V-Next Alliance, a cross-border investment and financing match-making service platform established by the two exchanges, was included in the outcomes of the China-UK Economic and Financial Dialogue, which smoothed the channel connecting the tech-driven SMEs and innovation capital of the two countries and served the real economy.
To further strengthen capital market communication and collaboration between the two countries, expand mutual benefits and win-win cooperation, and better serve the development of both sides, SZSE and LSEG agreed in the MoU to explore multi-level cooperation in areas such as the depository receipts business under the Stock Connect scheme, index and product development, cross-border investment and financing service, and market promotion. Among others, under the guidance of the regulators of the two countries, the two exchanges are steadily advancing the Shenzhen-London Stock Connect and orderly carrying out relevant business and technological preparation. The scheme will facilitate the financing of the companies, enabling them to make good use of the two markets and two resources at home and abroad.
Next, SZSE will earnestly implement the guiding principles of the 20th CPC National Congress and the Central Economic Work Conference, under the deployment of the China Securities Regulatory Committee, continue to enhance cross-border infrastructure connectivity and deepen connectivity with overseas capital markets, steadily advance the institutional two-way opening-up of the capital market, promote the efficient global allocation of innovation resource elements, amplify the interplay between domestic and international markets and resources, so as to facilitate the establishment of the new development pattern and promote high-quality development.
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