Moscow Exchange Signs MoU With Shenzhen Stock Exchange

Tuesday, 16/10/2018 | 16:21 GMT by David Kimberley
  • This is the 10th deal that Russia's largest exchange has cut with a Chinese financial institution
Moscow Exchange Signs MoU With Shenzhen Stock Exchange
Bloomberg

The Moscow Exchange announced on Tuesday that it had signed a memorandum of understanding (MoU) with the Shenzhen Stock Exchange .

According to a statement released by the Russian Exchange , the signing of the MoU took place on Monday, with Moscow Exchange CEO Alexander Afanasiev and Shenzhen Stock Exchange Executive Vice President Peng Ming participating in the ceremony.

An array of benefits will now be on the table for both sides of the deal. Moscow Exchange’s statement indicates that the two exchanges will be working together on joint marketing events and initiatives that will take place in both countries.

On top of this, th,e deal hopes to strengthen the bonds between Chinese and Russian investors. In its statement, Moscow Exchange noted that the MoU would help to facilitate Russian trading in the Chinese market and vice-versa.

Both exchanges may take steps to bolster cross-border. For instance, a trading and clearing link between Moscow and Shenzhen may be established. The two exchanges are also considering cross-listing exchange-traded-funds (ETFs) that track Russian and Chinese equity indices.

Moscow Exchange Making Headway in China

Over the past few years, Moscow Exchange has made a number of efforts to develop ties with China’s leading exchanges and financial institutions. These efforts aim to expand settlement in national currencies between Russia and China and to boost trading volumes in yuan-denominated instruments in Russia, including for capital raising campaigns for Russian-Chinese infrastructure projects.

Currently, the Moscow Exchange has cooperation agreements - akin to the one signed on Monday with the Shenzhen Stock Exchange - with the Bank of China, Industrial and Commercial Bank of China (ICBC), Shanghai Stock Exchange, China Financial Futures Exchange (CFFEX), Dalian Commodity Exchange, Shanghai Gold Exchange, the largest Chinese brokerage firms CITIC Securities and Galaxy Securities, as well as with SSE Infonet concerning the distribution of Russian market data in China.

The Moscow Exchange announced on Tuesday that it had signed a memorandum of understanding (MoU) with the Shenzhen Stock Exchange .

According to a statement released by the Russian Exchange , the signing of the MoU took place on Monday, with Moscow Exchange CEO Alexander Afanasiev and Shenzhen Stock Exchange Executive Vice President Peng Ming participating in the ceremony.

An array of benefits will now be on the table for both sides of the deal. Moscow Exchange’s statement indicates that the two exchanges will be working together on joint marketing events and initiatives that will take place in both countries.

On top of this, th,e deal hopes to strengthen the bonds between Chinese and Russian investors. In its statement, Moscow Exchange noted that the MoU would help to facilitate Russian trading in the Chinese market and vice-versa.

Both exchanges may take steps to bolster cross-border. For instance, a trading and clearing link between Moscow and Shenzhen may be established. The two exchanges are also considering cross-listing exchange-traded-funds (ETFs) that track Russian and Chinese equity indices.

Moscow Exchange Making Headway in China

Over the past few years, Moscow Exchange has made a number of efforts to develop ties with China’s leading exchanges and financial institutions. These efforts aim to expand settlement in national currencies between Russia and China and to boost trading volumes in yuan-denominated instruments in Russia, including for capital raising campaigns for Russian-Chinese infrastructure projects.

Currently, the Moscow Exchange has cooperation agreements - akin to the one signed on Monday with the Shenzhen Stock Exchange - with the Bank of China, Industrial and Commercial Bank of China (ICBC), Shanghai Stock Exchange, China Financial Futures Exchange (CFFEX), Dalian Commodity Exchange, Shanghai Gold Exchange, the largest Chinese brokerage firms CITIC Securities and Galaxy Securities, as well as with SSE Infonet concerning the distribution of Russian market data in China.

About the Author: David Kimberley
David Kimberley
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About the Author: David Kimberley
  • 1226 Articles
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