The Dubai Financial Market (DFM), Nasdaq Dubai and Shanghai Stock Exchange (SSE) have signed a Memorandum of Understanding (MoU) to strengthen ties between the capital markets of Dubai and China.
This partnership marks a significant milestone in cross-border collaboration.
It not only facilitates the exchange of knowledge, expertise, and information between DFM, Nasdaq Dubai and SSE, but also aims to enhance efficiency and transparency in both markets.
Moreover, focusing on products relevant to both markets, it will facilitate joint product development, such as Index and Exchange-Traded Funds (ETF), as well as the creation of Environmental, Social and Governance (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.
"In an evolving financial landscape, global collaboration is paramount. 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," said Hamed Ali, CEO of Dubai Financial Market and Nasdaq Dubai.
"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," added Cai Jianchun, President of Shanghai Stock Exchange.
The @DFMalerts, Nasdaq Dubai, and Shanghai Stock Exchange announced the signing of a Memorandum of Understanding to further strengthen the ties between the capital markets of #Dubai and China. This partnership marks a significant milestone in cross-border collaboration.… pic.twitter.com/9U93AcCTog
— Dubai Media Office (@DXBMediaOffice) November 20, 2023
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