From October 9 to 11, the “2024 Stock Exchange International Workshop (2024 SEIW)” was successfully held online. The 3-day event was hosted by Shanghai International Centre for Communication and Cooperation between Exchanges (SICCCE) with the support from Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE).
The 2024 SEIW was a specific initiative to strengthen the experience sharing among exchanges along the “Belt and Road” and cultivate financial talents. It was also an important attempt to promote the mutual learning between the exchanges and capacity building. Over 260 representatives from 26 exchanges attended the event, coming from Bangladesh, Bhutan, Canada, Germany, Greece, Hungary, Iran, Japan, Kazakhstan, Malaysia, Mongolia, Myanmar, Nigeria, Pakistan, Qatar, Russia, Singapore, Switzerland, Thailand, the United Arab Emirates, United Kingdom, Vietnam and China. The attendees shared development experiences in their own markets and discussed the measures for developing the capital market. The Workshop was characterized by a strong lineup of industry experts from 7 exchanges and professional from securities firm, AMC and index providers. Present at the opening ceremony for the workshop were relevant officials from China’s securities regulatory authority, the Financial Commission of the CPC Shanghai Municipal Committee, SSE and SICCCE.
The following are some quotes from the opening ceremony of the event:
“Capital market serves the real economy. How to build a market system that is in line with high-quality economic development is a common challenge faced by regulators and market participants. Reform and opening up is key to China’s capital market. In the future, the CSRC will continue to support Shanghai and Shenzhen Stock Exchanges to explore pragmatic cooperation with international exchanges, so as to boost new vitality into the global capital markets.”—The official from the Department of International Affairs of China Securities Regulatory Commission (CSRC).
“In recent years, the SSE has been active in international business and achieved significant results in cooperation with exchanges along the ‘Belt and Road’, thus providing strong support for Shanghai’s efforts in developing into an international financial center. As the SICCCE jointly established by SSE and Shenzhen Stock Exchange (SZSE) was set in Shanghai and has vigorously promoted the communication, exchanges and sharing of information among stock exchanges along the ‘Belt and Road’, the workshop represents one of its specific efforts. In the future, the Financial Commission of the CPC Shanghai Municipal Committee will energetically support the SICCCE in bringing its advantages into full play, carrying out activities related to the exchanges and the capital market, and making more contributions to building Shanghai into an international financial center.”—The official from the Financial Commission of the CPC Shanghai Municipal Committee.
“In the face of enormous global challenges as well as opportunities, the global capital market is undergoing unseen changes, testing our willingness and capability to engage in large-scale cross-border cooperation. It is hoped that this international workshop will not only serve as information exchange and capacity building platform, but also provides us a great opportunity to enhance mutual trust, build up friendship, and lay a solid foundation for future cooperation among exchanges.”—The senior executive officer from SSE.
During the three-day workshop, representatives of exchanges from various jurisdictions conducted in-depth discussions on important issues such as the development trend of the exchange industry, such as issuance and listing, digitalization, indexing investment, ESG, capitalization management of listed companies and connectivity, and shared the experiences in the development of their own capital markets. With the contents highly relevant, the Workshop served effectively as a channel for communication and a platform for learning from each other, and was thought highly by the attendees.
Officially founded on December 25, 2018, the SICCCE was jointly established by the SSE, the SZSE and the Shanghai Stock Exchange Foundation. SICCCE aims to support the efforts in building Shanghai into an international financial center, and give full play to the role of the capital market in serving the “Belt and Road” construction. The mandate of the SICCCE is to promote pragmatic cooperation among exchanges by advancing communication, exchanges and information sharing among stock exchanges and relevant institutions worldwide.
