The Swiss exchange and a rival Chinese stock market operator have agreed on a cooperation pact in a bid to promote business opportunities for investors in both countries.
SIX and the Shenzen stock exchange (SZSE) have signed a memorandum of understanding, according to a statement released on Thursday in Zurich. The agreement aims to connect the investors’ community and companies in both countries to allow for the establishment of capital formation possibilities on a larger scale.
The pact underlines the close relationship between China and Switzerland that was underpinned by the signing of a free trade agreement between the two countries in 2013 and the currency agreement between the Swiss National Bank (SNB) and the People’s Bank of China in 2014.
Exploring Cross-Border Financing
SIX and SZSE intend to use this initiative as a portal to share know-how and expand client networks as well as to explore the possibility of supporting cross-border financing alternatives and cooperation in research projects, SIX said in the statement.
