Published On: Tue, Nov 4th, 2014

Shenzhen Stock Exchange Signs MOU With Korea Exchange

Kyungsoo Choi, Chairman & CEO, KRX -

Kyungsoo Choi, Chairman & CEO, KRX –

The Shenzhen Stock Exchange and the Korea Exchange signed a Memorandum of Understanding (MOU) on 27 October, 2014 in Seoul. Mr. Wu Lijun, Chairman of the Shenzhen Stock Exchange and Dr. Kyungsoo Choi, Chairman and CEO of the Korea Exchange signed the MOU representing each exchange.

Mr. Wu noted that the Shenzhen Stock Exchange and the Korea Exchange are both committed to developing multi-tiered capital markets with many similarities in market structure. In recent years, China and ROK have built closer economic ties and economic cooperation forged ahead in many fronts. As a result, the need for cooperation in capital markets has become more urgent than ever before. Mr. Wu also said that the new MOU makes breakthroughs in product development, and cross-listing of products.

Dr. Choi pointed out that the MOU sets forth new commitments on cooperating areas such as cross-listing of index products, development of a common index, and joint research projects regarding development of bond market, development of off-shore Chinese Yuan product, support for SMEs and dual listing.

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