On April 11, 2017, Shenzhen Securities Information Co., Ltd. (hereinafter referred to as “SSIC”), Euronext and Beijing Sina Internet Information Service Co., Ltd. (hereinafter referred to as “Sina”) signed a memorandum of understanding (MOU) to develop close cooperation on the application research on internet big data, the development of stock indexes and the innovation in cross-border index products based on their respective advantages. Principals of the three units signed the MOU. Deputy General Manager of Shenzhen Stock Exchange (SZSE) Jin Liyang, CEO of Euronext London Lee Hodgkinson, Vice President of Sina Deng Qingxu and Economic Consul of the General Consulate of France in Guangzhou Pierre Martin attended the signing ceremony.
A subsidiary of SZSE, SSIC has previously singed a bunch of cooperation agreements with Euronext and developed broad cooperation in cross-border exhibition, joint brand promotion and personnel exchange visits, playing positive roles in enhancing the mutual understanding in each other’s capital market. In addition, SSIC and Sina have jointly launched big data research since 2014 and made achievements in big data index innovation, with the introduced serial indexes and index products being well received and acknowledged by the market.
The agreed cooperation intention among the three parties will create a new partnership model consisted of a professional index institution, an overseas bourse and an internet information enterprise. The three parties’ joint research on big data will be conducive to accelerate the development of Shenzhen capital market in big data technology application, information service innovation, cross-border product development and many other frontiers of capital market. Moreover, the development of stock indexes and cross-border products will not only help European investors to better understand China’s capital market and internet industry, but also provide overseas institutions with more diversified index instruments to invest in China.
