Including indices and ETFs
Agreement between Dubai Financial Company and Shanghai Stock Exchange enables the development of joint products
Hamed Ali (left) and Chairman of the Shanghai Stock Exchange during the signing of the agreement. From the source
Dubai Financial Market (DFM-NASDAQ Dubai) and the Shanghai Securities Exchange (SE) have announced the signing of a Memorandum of Understanding (MoU) to strengthen relations between Dubai's capital markets and China, marking a significant milestone in cross-border international cooperation.
The new agreement aims to facilitate the exchange of knowledge, expertise and information, in addition to enhancing efficiency and transparency between the two markets, and opens the way for the development of joint products, especially those related to both markets, such as indices and ETFs, as well as the introduction of products related to environmental, social and corporate governance practices.
The agreement also aims to introduce companies and issuers to the benefits of dual listing, enabling them to access growth opportunities in both markets.
Hamed Ali, CEO of DFM and Nasdaq Dubai, said: "The new MoU with the Shanghai Securities Exchange represents an important step on the road to enabling our international relations and enhancing cooperation in key areas of capital market development for both parties.
Kai Jiankchen, Chairman of the Shanghai Stock Exchange, said: "Under the guidance of China's securities regulatory authority, the Shanghai Stock Exchange will work closely to further explore a diversified cooperation mechanism that facilitates the exchange of knowledge, experience and information with markets in the Middle East."