The Shanghai Stock Exchange (SSE) has made another step towards international cooperation on the occasion of convening the 58th General Assembly and Annual General Meeting of the World Federation of Exchanges (WFE).
Recently, the SSE and the New Zealand Exchange (NZX) have signed a Memorandum of Understanding (MOU) in Athens, Greece. Huang Hongyuan, SSE Chairman, and James Miller, NZX Board Chairman, were the signers on behalf of the two sides.
The MOU stipulated that the two sides would cooperate in information sharing, market development and green finance. Huang said that New Zealand is a major economic and trade partner of China, and the SSE and the NZX have had a good foundation for cooperation. The signing of the MOU was expected to make a new chapter for the two sides' future cooperation. Miller said that China is the top trade partner of New Zealand. The signing of the MOU opened a window for the NZX to cooperate with the Chinese capital market, and it was of strategic significance for the NZX to expand the contact with the international market.
The NZX, the only securities and futures exchange in New Zealand, runs the markets of stocks, bonds, funds, derivatives and energy resources in the country and provides services related to trade, clearing, settlement, depository and information data. Smartshares, a subsidiary of the NZX, is the only issuer of ETFs in New Zealand.
After the signing ceremony, Huang Hongyuan and James Miller had a talk. They discussed new highlights in the two countries' economic growth, and agreed that the SSE and the NZX should co-study how to use the capital market to better serve the two countries' real economy. It was the 49th MOU signed by the SSE with an overseas exchange. Next, the SSE will further explore and boost the communication and cooperation mechanism with overseas exchanges, co-build more smooth talk channels and continuously amplify its influence in the international market.