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FTSE Mondo Visione Exchanges Index:

Osaka Securities Exchange Signs MOU With Shanghai Stock Exchange

Date 09/09/2004

Osaka Securities Exchange Co., Ltd. (OSE) announces that Shanghai Stock Exchange (SSE) and the OSE have signed a Memorandum of Understanding (MOU).

We have recently witnessed growing economic and financial ties between China and Japan and the rising demand for international listing among Chinese leading companies. Under such circumstances, both exchanges have been equally reinforcing R & D activities and enhancing their product lines. The MOU aims at establishing and strengthening the relationship between the two exchanges for the mutual benefit.

Mr Zhu Congjiu, President of the SSE and Michio Yoneda, President & CEO of the OSE attended the signing ceremony, in which Mr Yoshihisa Akiyama, Chairman of Kansai Economic Federation joined.

Under the MOU, the SSE and the OSE have decided to reinforce the relationship in the following areas:

  • Exchange of information on each market
  • Regular meetings at senior executive level
  • Short-term exchange of staff
  • Joint projects, joint seminars, etc.