Osaka Securities Exchange Co., Ltd. (OSE) and Shenzhen Stock Exchange (SZSE) announced today, August 31, that they have signed a memorandum of understanding (MOU), in which the two exchanges agreed to build a cooperative relationship towards the development of financial markets, especially in the area of the growth markets, in China and Japan.
“We believe the signing of the MOU with SZSE, which has the ChiNext market, a growth market for Chinese start-up companies, will be a significant step towards internationalization of the new JASDAQ market to be launched this October,” said Michio Yoneda, President & CEO of OSE. “In a globalized financial market, investment activities have also become increasingly globalized. We hope this MOU will lead to further development of financial markets both in China and Japan and create new benefits for investors in Asia and all over the world.”
SZSE’s President, Liping Song said that both exchanges, committed to serving growth companies, have established or developed new markets to serve particular conditions in respective countries. The two exchanges are mutually complementary with great potential for cooperative endeavors of common interest. With increasingly close economic ties between China and Japan in capital markets, the cooperation between SZSE and OSE will be more focused and reach greater depths.
OSE will continuously work on various measures making the new JASDAQ market a more attractive market with the reliability and convenience.