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Recently, Shenzhen Securities Information Co., Ltd. (SSIC) and Euronext signed an Index Cooperation Agreement, signaling that the parties will develop exchange and promotion based on their respective index business and energetically carry out innovative cooperation in the field.
The Agreement states that the parties will full make use of their advantages to develop deeper partnership in various aspects, including cross display of index market, development and promotion of index products, formulation and R&D of cross-border indexes, and personnel exchange.
Shenzhen Stock Exchange (SZSE) and Euronext entered into a memorandum of understanding in March 2015, and the Agreement is an important move in implementing the parties' intention of cooperation.
Furthermore, conclusion of the Agreement is a crucial step for SSIC in moving forward international index cooperation. As a wholly-owned subordinated company of SZSE, SSIC has been seeking opportunities of developing global index cooperation and trying to enlarging its cooperation and exchange with international financial institutions and overseas bourses, facilitating the international development of China's capital market.
In 2002, SSIC started the specialized management of index business, taking charge of the planning and designing, daily operation and maintenance and marketing of "SZSE" serial indexes. It has launched core indexes for the market, including SZSE Component Index, SZZE 100, SME Index and ChiNext Index, encompassing stocks, bonds, funds, exchange rates and other asset types. As of the end of 2016 Q1, SSIC has tracked 77 funds under such indexes, with the asset scale up to CNY 76.2 billion.
As the first largest platform for listed company transactions and the second largest platform for derivative transactions, Euronext has a standardized market which spans France, the Netherlands, Belgium and Portugal and boasts more than 1,600 issuers, with its market value amounting to about 3,000 billion Euros. In addition, the major indexes of the European market, such as CAC40 and AEX, under its management have been playing key roles in European capital market and financial market.
