Dubai Financial Market (DFM) received a high level delegation from China’s Shenzhen Stock Exchange, who met DFM’s senior management to share knowledge and explore opportunities for collaboration. The visit is the latest in an ignited interest in DFM from the Chinese investment and financial institutions, noting that DFM received a delegation of financial services and asset management companies from China earlier in January. DFM has seen trading activity from 410 Chinese investors since the beginning of 2011.
The 5 senior delegates headed by Ms Song Liping, President and CEO of Shenzhen Stock Exchange, attended a presentation on the latest economic developments in Dubai and DFM’s operations, development initiatives and future plans delivered by Essa Kazim, Managing Director and CEO of DFM in the presence of Hassan Abdulrahman Alserkal, Executive Vice President, Chief Operations Officer (COO) Head of Operation Division, DFM and Ali Al Hashimi, Executive Vice President, Borse Dubai Limited.
Members of the delegation were impressed with the highly sophisticated hard and soft infrastructure in Dubai and the various developments in DFM. Established on 1st December 1990, Shenzhen Stock Exchange (SZSE) is China’s multi-tier capital market with 4 markets. The exchange has 1443 listed companies, with 484 on the main board, 612 on the small and medium businesses SME board, 247 on the ChiNext market and 100 on the OTC market.
Essa Kazim, Managing Director and CEO of DFM said, “DFM is delighted to welcome the Chinese delegation. We are always enthusiastic to keep close relationships with international financial exchanges and institutions, share knowledge and abide by international best practices. The visit was a great opportunity to update the visiting delegation on the sound economic fundamentals in Dubai and the role of the emirate as a gateway to the Middle East markets, in addition to explaining the recent developments and the emirate’s dynamic and flexibility in dealing with the repercussions of the international financial crisis, a fact that is highly welcomed and supported by international institutions.”
“The Chinese investors have shown greater interest in DFM as one of the leading exchanges offering attractive investment opportunities for investors looking to geographically diversify their portfolios with a high probability of seeing our market upgraded to Emerging Market status by MSCI. The repeated visits by financial institutions and fund management companies of China to DFM, with the aim to keep a close glimpse on its investment opportunities clearly reflects DFM’s mounting significance for international investors in general, and the Chinese in particular”, he added.