A Swiss delegation visited the Shanghai Stock Exchange on Tuesday, where the two parties signed the document in the presence of Swiss Confederation President Ueli Maurer.
Swiss-based SIX Group and the Shanghai Stock Exchange renewed their Memorandum of Understanding (MoU) with the intention to further deepen their collaboration which was initiated in 2015, according to their media releases on Tuesday.
Through the updated MoU, SIX and Shanghai Stock Exchange are underpinning the long and close relationship between China and Switzerland that has been intensified since the signing of the free trade agreement concluded between the two countries in 2013 and currency agreement between the Swiss National Bank and the People’s Bank of China in 2014.
Tapping Joint Interests
The amended MoU envisages to further intensify the cooperation between the two financial centers and to assess the feasibility of listing securities (such as Depository Receipts) on respective markets in the near future and thus allow companies listed at either exchange to tap into each other’s liquidity pools.
Furthermore, the MoU between SIX and the Shanghai Stock Exchange also includes the consideration of collaborating on further matters that are of mutual interest and which could include topics like digitalization and other joint interests.
