.jpg)
Recently, Shenzhen Stock Exchange (SZSE) and Bombay Stock Exchange Limited (hereinafter referred as BSE) signed a memorandum of understanding regarding jointly promoting the capital market cooperation, serving the development of small-and-medium enterprises and innovative enterprises of two countries.
Established in 1875, BSE ranks No.1 in the world in respect of having 5820 listed company up to the end of 2016, and ranks the 13th in the world in respect of having 1.56 trillion US dollar of stock market value. BSE, which endeavor in supporting the development of small-and-medium enterprises and innovative enterprises, has a vast exchanging and cooperating room with SZSE in developing multi-layer market, strengthening frontline supervision and improving market services. This April, Wu Lijun, Chairman of the Council of SZSE and his party visited India to promote the cross-border capital cooperation. During the visit, two exchanges reached a broad consensus on issues of small-and-medium enterprises market development, butt joint of cross-border capital. Both sides came to agreements of launching Sino-India Cross-border Capital Market Cooperation that based on butt joint of cross-border investment and financing, and circled around serving the small-and-medium enterprises and innovative enterprises.
According to the agreements, SZSE and BSE will establish regular exchange mechanism, explore and carry out Sino-India Cross-border Capital Market Cooperation. Firstly, the two exchange will learn from each other’s supervision and serving system on innovative small-and-medium enterprises, probe and expand each other’s serving chain, propel the display of featured products in the counterpart’s market, advance the effective butt joint of emerging industries in China and India. Secondly, the two exchanges will enhance the index products cooperation research, and create advantageous situation for the promotion of the counterpart’s core index product in the local market, facilitate the local institutions to develop fund products that tracked down the core index products of the counterpart’s market, enrich the cross-border investment varieties.
For the next move, SZSE will work with BSE and other Sino-India institutions in respects of sharing information, resources and tunnels, and building cooperation network, contributing in the emerging and developing technological and innovative enterprises in China and India, facilitating the formation of cross-border capital, and serving the ‘belt and road’ initiatives.
