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On July 1, SZSE and the Belarusian Currency and Stock Exchange (BCSE) signed a memorandum of understanding. The two parties will jointly give play to their functions as capital market platforms to improve and upgrade the Belt and Road cooperation between China and Belarus.
Belarus is a hub state along the Belt and Road and an important economic and trade partner of China in the Eurasian region. At present, as the comprehensive strategic partnership between China and Belarus continues to deepen and the pragmatic bilateral cooperation in economy and trade continues to improve, the two countries are faced with new opportunities in technological innovation. The Great Stone Industrial Park targeting high-tech industries has played a positive leading and exemplary role in the joint building of the Belt and Road by the both sides. In recent years, the capital markets in China and Belarus have been strengthening communication and cooperation and actively exploring ways to facilitate the financing of enterprises in the two countries. BCSE is the only stock exchange in Belarus and offers one-stop services including issuance, trading, clearing, settlement, information products and technical support to various assets such as stocks, bonds, foreign exchange, currency and futures.
According to the MOU, the two parties will establish a China-Belarus capital market connection and cooperation mechanism on the basis of SZSE’s V-Next platform, leverage SZSE’s resource channel advantage and professional experience in innovation and entrepreneurship, establish a convenient, effective financing connection mechanism for the enterprises and investment institutions in both sides through personnel exchange, information display, market cultivation, joint research, product innovation and other ways, provide a platform for market players in the two countries to meet their demands for multi-level cooperation, and better serve the coordination of the economic and social development strategies of both sides.
Next, SZSE will continue to earnestly serve the Belt and Road Initiative and the Guangdong-Hong Kong-Macao Greater Bay Area Strategy, further promote pragmatic cooperation with global stock exchanges, continuously improve the cross-border investment and financing service system, actively advance high-level opening-up, and spare no effort to build a world-leading innovation capital formation center.
