NZX Signed MoU With Bank Of China

NZX on 21 November has signed a Memorandum of Understanding (MOU) with the Bank of China Limited, one of the largest state-owned commercial banks in the People’s Republic of China.

NZX and the Bank of China will work together to explore opportunities to develop and promote products relevant to New Zealand and Chinese customers.

The memorandum will assist with strengthening NZX’s relationships in China, and create growth opportunities for both NZX and the Bank of China, particularly in the agricultural and capital markets.

NZX CEO Tim Bennett commented: “The establishment of a formal relationship with the Bank of China highlights our desire to build strong capital markets and make a meaningful difference in wealth creation for domestic and international investors. As China is New Zealand’s largest export market, it is important to build relationships and establish communication channels with Chinese based companies.”

The signing of the memorandum was witnessed by Prime Minister John Key and Chinese President Xi Jinping at a commercial signing ceremony for New Zealand and Chinese businesses held this afternoon in South Auckland.