Shanghai Stock Exchange and the Dubai Financial Market sign MoU to advance cross-border collaboration

20 Nov 2023

Shanghai, 17th November 2023: Shanghai Stock Exchange (SSE) and the Dubai Financial Market (DFM) announced today the signing of a Memorandum of Understanding (MoU) to further strengthen cooperation and exchanges between the capital markets. This partnership is another significant milestone in the opening up of China's capital market to the world and the strengthening of cross-border collaboration.

The partnership not only facilitates the exchange of knowledge, expertise, and information between SSE and DFM but also aims to enhance efficiency and transparency in both markets.

As part of the strategic alignment to meet the evolving needs of both market participants, SSE and DFM will jointly explore to develop ESG and sustainability-linked products. Moreover, focusing on products relevant to both markets, it will facilitate joint product development, such as Index and ETFs. The partnership also aims to introduce companies and issuers to the advantages of each market and provide them with access to growth opportunities and services.

Cai Jianchun, President of SSE, said, “We are pleased to establish partnership with DFM and announce our MoU signing to explore potential opportunities in Index, ETF and ESG and other areas. We look forward to working closely with DFM to advance product cooperation and further strengthen the cooperation between 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. ”

Hamed Ali, CEO of DFM, remarked, "The MOU between DFM and SSE marks a significant step in strengthening our 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. In an evolving financial landscape, global collaboration is paramount. Together with SSE, we aim to bring the best practices and expertise from both sides, unlocking new horizons for market participants and fortifying the growth of our financial ecosystems."