Sunday, July 14, 2024

An agreement between Dubai Financial and the Shanghai Stock Exchange allows for the creation of joint products


Dubai Financial Market – Nasdaq Dubai and the Shanghai Stock Exchange announced the signing of a memorandum of understanding to strengthen ties between the capital markets in Dubai and China, as this strategic partnership represents a milestone on the path of international cross-border cooperation.

Dubai Market said in a statement that the new agreement aims to facilitate the exchange of knowledge, expertise and information, and improve efficiency and transparency between the two markets. In addition to offering products, it is linked together with two markets such as indices and mutual funds.Related to environmental, social and corporate governance practices.

The agreement aims to introduce companies and issuers of securities to the benefits of dual listing and access growth opportunities in both markets.

Hamad Ali, CEO of Dubai Financial Market and Nasdaq Dubai, said: “The new Memorandum of Understanding with the Shanghai Stock Exchange is an important step to strengthen our international relations and enhance cooperation in key areas to develop capital markets. The partnership also opens up “opportunities to explore new opportunities and expand our reach to markets around the world.”

For his part, Shanghai Stock Exchange Chairman Cai Jianchen said: “Under the guidance of the China Securities Regulatory Commission, Shanghai Stock Exchange will continue to work closely to explore various cooperation mechanisms that facilitate knowledge, expertise and exchange. Information with markets in the Middle East region.”

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Nadia Barnett
Nadia Barnett
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