Swiss exchange SIX and a rival Chinese stock market operator have agreed on a cooperation pact in a bid to promote business opportunities for investors in both countries.
SIX and the Shenzen stock exchange (SZSE) have signed a memorandum of understanding, according to a statement released on Thursday in Zurich. The agreement aims to connect the investors’ community and companies in both countries to allow for the establishment of capital formation possibilities on a larger scale.
The pact underlines the close relationship between China and Switzerland that was underpinned by the signing of a free trade agreement between the two countries in 2013 and the currency agreement between the Swiss National Bank (SNB) and the People’s Bank of China in 2014.
SIX and SZSE intend to use this initiative as a portal to share know-how and expand client networks as well as to explore the possibility of supporting cross-border financing alternatives and cooperation in research projects, SIX said in the statement.
