The two Exchanges entered into this agreement to provide a mechanism of long-term cooperation to facilitate the development of channels of communication between the two Exchanges. The Exchanges agree, upon request by the other Exchange, to provide from time to time information, with a view to using such information to evaluate and further develop the market operated by the other Exchange. The Exchanges will cooperate to establish systems for regular meetings between senior executives of the Exchanges, the regular exchange or secondment of staff, joint research projects or seminars.
Mr Masaaki Tsuchida, President & CEO of Tokyo Stock Exchange, comments "This MOU is believed to be an opportunity to encourage the cooperative activities between the two Exchanges such as exchange information and exchange personnel. I would like to work for the development of both markets and therefore Asian capital markets by cooperation with the fast-growing Chinese market."
