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On February 28, SZSE and London Stock Exchange Group Plc. (hereinafter referred to as “LSEG”) signed a memorandum of understanding on bilateral cooperation (hereinafter referred to as the “MOU”) online.
There is a great potential for the development of cooperation between China and UK capital markets. SZSE and LSEG have maintained a good cooperation relationship for a long time. The two parties have developed pragmatic cooperation in such fields as personnel training and exchange, joint marketing, cross-border investing and financing matchmaking, product and business research, etc. In 2017, the V-Next ELITE Alliance Shenzhen Station, which was jointly set up by the two exchanges, was included into the outcomes of the China-UK Economic and Financial Dialogue. The platform has effectively helped medium and small tech companies in China and UK access innovation capital, serving its purpose of supporting the real economy with financial services.
To further strengthen the communication and cooperation between China and UK capital markets, continue to expand win-win results and better meet both parties’ development needs, SZSE and LSEG have agreed in the MOU to explore and promote multi-level cooperation in interconnected depository receipt business, index and product development, cross-border investing and financing services, market cultivation and promotion, and the other fields. Under the overall guidance of Chinese and British regulators, the two exchanges are steadily promoting the “Shenzhen-London Connect” program, conducting interconnected depository receipt business, and making technical preparations in an orderly manner. The program will support enterprises actively using the two markets and the two resources for financing and development.
Next, SZSE will earnestly implement the guiding principles of the 20th CPC National Congress and the Central Economic Working Conference. According to the CSRC plans and requirements, SZSE will keep improving the level of cross-border interconnection of infrastructure and continue to deepen the connection to overseas capital markets. At the same time, we will steadily push for two-way opening up of Chinese capital market regulations, facilitate efficient global allocation of innovation factors, and strengthen the coordination effect of domestic and international markets and resources, so as to better serve the building of a new development pattern and promote high-quality development.
