DFM, Shanghai Stock Exchange sign pact to aid collaboration
Partnership aims to ramp up efficiency, transparency in both markets
The Dubai Financial Market (DFM), Nasdaq Dubai, and Shanghai Stock Exchange (SSE) agreed to further strengthen the ties between the capital markets of Dubai and China, after a Memorandum of Understanding (MoU) was signed on Monday.
The partnership not only facilitates the exchange of knowledge, expertise, and information between DFM, Nasdaq Dubai and Shanghai Stock Exchange (SSE), but also aims to enhance efficiency and transparency in both markets. The pact will also facilitate joint product development, such as index and ETFs, as well as the creation of ESG and sustainability-linked products.
DFM and Shanghai Stock Exchange will jointly explore to develop products, introduce companies and issuers to the advantages of each market and provide them with access to growth opportunities and services.
Hamed Ali, CEO of Dubai Financial Market and Nasdaq Dubai, said, “The partnership with the Shanghai Stock Exchange marks a significant step in strengthening our international ties and fostering cooperation in key areas of our capital markets development.”
“Together with Shanghai Stock Exchange, we aim to bring the best practices and expertise from both sides, unlocking new horizons for market participants and fortifying the growth of our financial ecosystems.”
Cai Jianchun, President of Shanghai Stock Exchange, said, “Next, under the guidance of our regulator, China Securities Regulatory Commission, SSE will further deepen the high-standard opening-up to the world and continue to explore a diversified cooperation mechanism with stock exchanges in the Middle East region, to strengthen bilateral cooperation, explore multilateral cooperation, continuously enrich and deepen cooperation format.