A Shenzhen Stock Exchange (SZSE) delegation recently visited Luxembourg Stock Exchange (LuxSE) and a Memorandum of Understanding (MoU) was signed between the two exchanges. Representing LuxSE at the signing ceremony were Mr. Frank Wagener, Chairman of Board of Directors, and the CEO, Mr. Robert Scharfe. Ms. Yang Yongping, Chairperson of Supervisory Board of SZSE, attended the MoU-signing ceremony.
According to the MoU, the two parties will cooperate with each other in information exchange, personnel secondment, experience sharing and other areas to further communication, mutual understanding and cooperation.
LuxSE was founded in 1928, and it is well known for its independent and international listing expertise. LuxSE products include shares, warrants, bonds, depositary receipts and investment funds. The Luxembourg Stock Exchange lists 29,000 international bond issues representing 42% of total international bonds listed on EU markets. It also lists some 7,000 shares and units of investment funds in around twenty currencies, as well as 280 depositary receipts of issuers based in emerging markets.
SZSE is committed to enhancing SME financing through its multi-tiered capital market. In the last 10 years, SZSE has admitted 1056 SME issuers, raising USD 148.7 billion in IPO and further financing. SZSE has also developed high-yield SME Private Placement Bonds and asset-backed securities to diversify financing channels for SMEs. SZSE has been making efforts to further communication and cooperation with counterparts around the world. In addition to its MoU with LuxSE, SZSE has already signed 30 MoUs with international exchanges and financial institutions.