Other BriefingsDubai and Shanghai Stock Exchanges Sign Capital Market Development MoUs
The Dubai Financial Market (DFM), Nasdaq Dubai, and Shanghai Stock Exchange (SSE) have announced the signing of a Memorandum of Understanding (MoU) to further strengthen the ties between the capital markets of Dubai and China, marking a significant milestone in cross-border collaboration. This partnership represents a significant milestone in cross-border collaboration and aims to facilitate the exchange of knowledge, expertise, and information between the exchanges, and aims to enhance efficiency and transparency in the capital markets of both countries.
The tie-up also envisages facilitation of joint product development, such as Index and ETFs, as well as the creation of ESG and sustainability-linked products.
As part of the strategic alignment to meet the evolving needs of both market participants, DFM and Shanghai Stock Exchange will jointly explore to develop products, introduce companies and issuers to the advantages of each market and provide them with access to growth opportunities and services.
Enhancing Market Reach: Dubai DFM and Shanghai Stock Exchange
Hamed Ali, CEO of Dubai Financial Market and Nasdaq Dubai, said the partnership with the Shanghai Stock Exchange marks a significant step in strengthening its international ties and fostering cooperation in key areas of our capital markets development.
“This partnership opens doors to exploring new opportunities and expanding our market reach,” Ali said.
Cai Jianchun, President of Shanghai Stock Exchange, said the exchange looks forward to working closely with DFM to advance product cooperation and further strengthen the cooperation between the two markets.
“Next, under the guidance of our regulator, China Securities Regulatory Commission, SSE will further deepen the high-standard opening-up to the world and continue to explore a diversified cooperation mechanism with stock exchanges in the Middle East region, to strengthen bilateral cooperation, explore multilateral cooperation, continuously enrich and deepen cooperation format,” Jianchun said.
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