SSE and B3 Sign Memorandum of Understanding on ETF Product Connectivity to Advance China-Brazil Capital Market Collaboration

In a move to deepen the opening-up of China's capital market and to facilitate foreign investment, Shanghai Stock Exchange (SSE) and Brasil, Bolsa, Balcão (B3) signed a memorandum of understanding (MOU) regarding ETF connectivity cooperation on March 20, marking a new phase in capital market cooperation between China and Brazil.

The SSE signed MOUs with the B3's two predecessors, the BOVESPA in 2005 and the BM&FBOVESPA in 2011. Both sides have established a close cooperative relationship in areas including market data, personnel exchanges, and market promotion efforts. The signing of this special ETF connectivity agreement represents a proactive step by the two exchanges in effectively executing the outcomes of the seventh meeting of the China-Brazil High-level Coordination and Cooperation Committee (COSBAN). This agreement marks significant progress toward more sophisticated and high-quality practical collaboration between the two parties, aiming to enhance understanding and deepen cooperation among capital market participants in both countries.

Moving forward, with strategic directions from China Securities Regulatory Commission, the SSE will diligently prepare for the timely introduction of ETF products to expand investment opportunities for investors in both countries.