Shenzhen Stock Exchange Signs MOU With Korea 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.