NYSE Euronext and the Shanghai Stock Exchange (SSE) have signed a memorandum of understanding to est...
NYSE Euronext and the Shanghai Stock Exchange (SSE) have signed a memorandum of understanding to establish a partnership for the joint development of indices and exchange-traded funds (ETFs) in China, the US, and across the globe. The memorandum bolsters the existing cooperation agreement between NYSE Euronext and the Shanghai Stock Exchange made in October 2003.
Based on the terms of the memorandum, the exchanges will collaborate on development, research, marketing and specialised trading technology, as well as the co-branding of indices and exchange-traded products, which includes the listing of ETFs on the Shanghai Stock Exchange.
NYSE Euronext senior vice president, global index and exchange-traded products Lisa Dallmer commented: "This further advances the development of both markets and we look forward to expanding our partnership with the Shanghai Stock Exchange to benefit investors and the financial-services industry in China, the US and globally."
In 2007, NYSE Euronext became the first foreign exchange to be approved by the China Securities Regulatory Commission to open a representative office in Beijing. The exchange has 56 companies listed from Greater China.
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