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On December 22 2016, the Shanghai Stock Exchange (the SSE) and the Moscow Exchange (the MOEX) co-held the “2016 Russian Capital Markets Forum” at the SSE’s trading floor. This is the second gathering of the two exchanges in Shanghai, China since the First Russian Capital Markets Forum in November 2015. Mr Wu Qing, Chairman of the SSE, met with Mr Alexander Afanasiev, CEO of the MOEX. Mr Huang Hongyuan, President of the SSE and Mr Alexander Afanasiev attended the forum and delivered the opening remarks. This year’s forum was attended by representatives from Russian Ministry of Finance, Bank of Russia as well as representatives from over 40 Russian and Chinese listed companies and financial institutions.
In-depth discussions were carried out on topics such as “Chinese financial investments in Russia”; “Russian financial market infrastructure” and “Key investment opportunities on the Russian capital markets”. The development of a long-term cooperation mechanism between the capital markets of China and of Russia was further discussed during the forum.
Mr Huang Hongyuan, President of the SSE addressed in his opening speech that “Russia and China are friendly neighbors. During the past few years, economic and trade relations between the two nations are also getting closer. There has been extensive cooperation in energy, industrial fields, and infrastructure construction. In the field of financial cooperation, the two nations are also ushered in the development of major opportunities.” Mr Huang Hongyuan said, “The SSE and the MOEX have always maintained good relations of cooperation. There have been multiple exchange of visits as well as signing of cooperation memorandum of understanding (MoU).” He also hopes that through this forum financial institutions can make new and greater contributions, not only strengthening the friendship between the two countries, enhancing bilateral strategic mutual trust, but also maintaining development interests of the two nations.
Mr Alexander Afanasiev, CEO of the MOEX, expressed that the MOEX’s internationalization had progressed extensively in the past few years. The proportion of overseas investors had reached 45 percent. Mr Afanasiev hopes that the two exchanges can further explore more diversified financial products jointly in the future.
On the same day, two securities companies signed MoUs with the MOEX. This signifies the steady expansion of the bilateral financial cooperation from inter-government level to inter-market level. This forum has built a new platform which strengthens the communication between financial institutions in both China and Russia.
In recent years, the SSE and the MOEX have established a close and friendly relationship. In November 2015, the SSE assisted the MOEX with the First Russian Capital Markets Forum in Shanghai. In September 2016, at the invitation of the MOEX, the SSE’s Executive Vice President, Mr Que Bo lead a delegation to the MOEX. During this visit, the two exchanges shared with each other the experience in expanding its overseas market in recent years, encouraged the establishment of a mechanism for exchange of visits, and carried out data cooperation in related fields.
