Shenzhen and Shanghai Stock Exchanges have signed a memorandum of understanding (MoU) with the Muscat Securities Market (MSX), further promoting the interconnection of China-Arab capital markets.

Recently, the Shenzhen Stock Exchange (SZSE) officially signed a cooperation MoU with the Muscat Securities Market in Shenzhen. The two sides will deepen pragmatic cooperation in areas such as high-level meetings, personnel exchanges, experience sharing, and market development, aiming to elevate China-Arab capital market connectivity to a new level.

At the same time, the Muscat Securities Market (MSX) has recently signed two cooperation MoUs with the Shanghai Stock Exchange (SSE), aiming to strengthen international collaboration and promote the development and internationalization of Oman’s capital market.

The cooperation between MSX and SSE covers multiple areas, including the exchange of capital market information and knowledge, exploration of joint listing mechanisms, fintech cooperation, investor education, shared research, personnel secondments, and the development of innovative financial products, supporting Oman’s economic diversification strategy.

MSX CEO Hatem Salim stated that this cooperation represents an important step for MSX to approach global markets, facilitating the exchange of professional knowledge, financial innovation, and investment opportunities, and further enhancing Oman’s position as a regional financial center. He also noted that cooperation with SZSE will help broaden MSX’s international connections and strengthen its appeal to global investors.

In recent years, SZSE has actively responded to the national “Belt and Road” initiative, continuously expanding cooperation with Middle Eastern capital markets. Previously, SZSE had signed MoUs with stock exchanges in Qatar, Saudi Arabia, the UAE, Oman, and other countries, establishing a routine bilateral docking mechanism and promoting institutionalized, long-term regional financial cooperation.

Regarding product and market connectivity, initial results have begun to show. Saudi ETFs have successfully launched on SZSE, marking an important milestone in interconnection between Middle Eastern and Chinese capital markets. In addition, SZSE has organized over 30 listed companies to visit the Middle East for exchanges and cooperation, exploring diversified and distinctive collaboration models around investment, industrial cooperation, and market co-construction, effectively promoting cross-regional integration of capital, technology, and industries.

Going forward, under the unified deployment of the China Securities Regulatory Commission, SZSE will continue to adhere to the principle of “promoting reform and development through openness,” and deepen multi-level exchanges and cooperation with key “Belt and Road” countries’ capital markets in the Middle East. By steadily advancing institutional opening and optimizing the cross-border investment environment, SZSE will continuously enhance its international influence and help China’s capital market achieve high-level opening and high-quality development.

On September 4, ChinaAMC signed a cooperation MoU with representatives from the Oman Investment Authority, Oman Development and Investment Company, Financial Services Authority, Muscat Securities Market, Muscat Clearing & Depository, and Jabal Asset Management at its Beijing headquarters. ChinaAMC General Manager Li Yimei and CEO of Jabal Asset Management, Evgeny Korovin, signed the MoU in the presence of both parties' representatives.

On September 2, the Shenzhen Municipal Financial Office organized a discussion between visiting representatives of the Omani government's financial system and multiple Shenzhen government departments and enterprises. Both sides agreed that there is significant cooperation potential between Oman and Shenzhen in high-tech industries and the financial sector.

On September 1, Ms. Choi Fung-yee, Executive Director of the Investment Products Division of the Hong Kong Securities and Futures Commission, along with other senior officials, met with the senior Omani delegation. The delegation included senior officials from the Oman Investment Authority, Financial Services Authority, Muscat Securities Market, and Muscat Clearing & Depository.

The bilateral meetings aimed to promote cooperation in financial services between the two regions. Representatives exchanged views and experiences on market connectivity, cross-border listing, virtual assets, fintech, and green finance.

With the successive signing of MoUs between SZSE, SSE, and MSX, the signing of bilateral investment product MoUs between ChinaAMC and Omani institutions, and the intensive exchanges between regulators and market participants in Hong Kong, Shenzhen, and Shanghai with Omani delegations, multi-level financial cooperation across stock exchanges, asset management, regulation, and industry between China and Oman is set to reach a new level.