Shenzhen Stock Exchange updates MoU with Philippine Stock Exchange

President and CEO of SZSE Sha Yan (L) and President and CEO of PSE Ramon S. Monzon (R) signs the MoU online on behalf of the two exchanges on Jan. 4, 2023. (Source: SZSE)

The Shenzhen Stock Exchange (SZSE) and the Philippine Stock Exchange, Inc. (PSE) signed the updated Memorandum of Understanding (MoU) online on Wednesday, said SZSE.

According to the MoU, the two sides will deepen practical cooperation on market cultivation and promotion, cross-border investment and financing services, index compilation and product cooperation, as well as experience sharing in market development and IT capacity building.

It is learned that the SZSE and the PSE signed their first MoU in 2009 and have maintained close cooperative relations through executive visits, personnel exchanges, information sharing, and mutual display of products.

Up to now, the Shenzhen bourse has signed MoUs with over 50 overseas institutions and made remarkable progress in their cooperation in terms of personnel exchanges, information sharing and product development.

Going forward, the SZSE aims to build itself into a world-class exchange featuring a high-quality innovative capital hub, with continuous efforts to expand cooperation with overseas exchanges and market institutions, facilitate practical cooperation between capital markets of Belt and Road countries and promote high-level institutional opening-up of the capital market.