The Swiss Stock Exchange SIX and the Shenzhen Stock Exchange (SZSE) intend to use this initiative “as a portal to share know-how and expand client networks”, writes a statement. They also want to explore the possibility of supporting cross-border financing alternatives and cooperation in research projects.
The Memorandum of Understanding underpins the “long and close relationship between China and Switzerland”, says the statement. This relationship has intensified since the free trade agreement concluded between the two countries in 2013 and the currency agreement between the Swiss National Bank and the People’s Bank of China in 2014.
“I am excited that the Shenzhen Stock Exchange and SIX will work together to further internationalize our respective securities markets,” commented Jos Dijsselhof, CEO of SIX. “Switzerland with its deep pool of assets and its history of international cooperation places SIX at a favorable place to strengthen the two countries’ existing ties and to further develop the internationalization of our marketplaces.”