Tuesday, February 27, 2024

Abu Dhabi Securities Exchange and China’s Shenzhen Stock Exchange signed a Memorandum of Understanding to promote strategic cooperation.


ABU DHABI AND SHENZHEN: The Abu Dhabi Securities Exchange, the second largest financial market in the Middle East, and China’s Shenzhen Stock Exchange today announced the signing of a Memorandum of Understanding during a delegation visit to the market. This initiative comes as a continuation of Abu Dhabi Securities Exchange’s initiatives, initiatives and ongoing efforts to strengthen relationships with leading global financial institutions, including the recent agreement the market signed with the New York Stock Exchange.

The MoU between the Abu Dhabi Securities Exchange and the Shenzhen Stock Exchange focuses on exploring international opportunities for attracting cross-border financing and enhancing cooperation on financial indices and ETFs in both markets. The two sides will explore ways to jointly develop each other, explore cross-border financing for listed companies, discuss the possibilities of cooperation related to fixed income instruments, and exchange experiences to improve their financial markets and enhance capabilities.

These initiatives are in line with Abu Dhabi Securities Exchange’s strategy to attract global investors and enhance the market’s position as a preferred and important place to invest in the global financial market.

Commenting on the signing, Abu Dhabi Securities Exchange CEO Abdullah Salem Al Nuaimi said: “The collaboration with the Shenzhen Stock Exchange represents a new and special milestone in our efforts to achieve integration with global financial markets. Dealers in mainland China to promote ways of cooperation and innovation and open up new horizons for investors. Abu Dhabi Securities Exchange and Shenzhen Stock Exchange will work together to explore cooperation opportunities in the financial services sector. Capabilities in the rapidly growing financial markets in the UAE and China, this strategic partnership reflects our collective commitment to exchange knowledge and expertise and develop innovative products to advance the wheel of growth in the financial sector.

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Tang Rui, Executive Vice President of Shenzhen Stock Exchange, said: By signing the Memorandum of Understanding, the two financial markets will deepen cooperation and implement practical cooperation in market development, cross-border services and products, cross-border financial mechanism. Experience exchange and mutual learning, among other areas, sets a precedent.” Towards openness and cooperation in the China-UAE capital market.” ”

This strategic collaboration reflects the commitment of the Abu Dhabi Securities Exchange and the Shenzhen Stock Exchange to provide a strong platform for financial development and connectivity between the UAE and China.

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Nadia Barnett
Nadia Barnett
"Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

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