A delegation of the Shanghai Stock Exchange (SSE) visited the MICEX on October 12, 2009.
The parties discussed areas of cooperation, including the dissemination of the MICEX indices in China. The two exchanges signed a memorandum of cooperation in the sphere of creating joint indices based on instruments traded on the MICEX and launching joint exchange-traded funds (ETF) on the Shanghai Stock Exchange.
ETFs facilitate the access of Chinese investors to the Russian stock market, which contributes to the inflow of investments into Russia's economy.
The parties agreed that China Securities Index Company Ltd. (CSI) will be the exclusive distributor of the MICEX index in China for companies intending to launch index funds based on the MICEX indices.