The SIX Swiss Exchange and the Shanghai Exchange are planning to collaborate and have agreed for a memorandum of understanding. The china delegates will be visiting the Swiss stock exchange soon and they will be signing on the documents of collaboration in a ceremonial fashion. It was mentioned that the intension of the collaboration was to benefit from the regular and institutionalized exchange of information between the stock markets of both the countries. It has also been planned that both the country markets will be involving themselves in joint projects and the delegates are also signing on those joint project documents.
The past relationship between Shanghai Stock Exchange and SIX Swiss Exchange
By signing in the memorandum of understanding, the Shanghai stock exchange and the SIX Swiss Exchange are underpinning the agreement that was made on free trade between China and Switzerland in the year 2013 and 2014. The agreement was signed by the People’s Bank of China and the Swiss National Bank (SNB). China is already one among the major economic partners of Switzerland and it is also a key partner for Swiss Stock exchange. The SIX Swiss Exchange is offering trade in the renminbi since 2012. Some of the bond issuers which were actually been traded in Switzerland are from China and the securities for these bonds have been issued by renminbi.
The SIX has aimed at further internationalization of Swiss securities market. This declaration was made on keeping certain policies in mind. One among the major criteria followed while declaring internationalization was to keep the securities norms attractive for the investors. The other one was to increase the trading volumes on the varied platforms. SIX is supporting the efforts taken by the Swiss National Bank to make Zurich as the Swiss renminbi hub. Zurich is a known financial center of Switzerland.
The nature of memorandum between SIX Swiss Exchange and Shanghai Stock Exchange
The nature of the memorandum of understanding between the two major stock exchanges was to share and get benefitted from the regular and a well institutionalized exchange of market information from both side. This makes certain that the understanding between both the stock exchanges will be better and thus helps in promoting business relationship and strengthening the regulatory standards. The aim of the memorandum is to create an environment that helps in developing the service offerings for the benefit of the investor in both the financial centers and in creating attractive conditions for enhancing mutual admissions of those financial products.
Urs Ruegsegger, Group CEO of SIX while taking about the memorandum said that the signing of the understanding memorandum is a foundation for the further coming collaborative projects and developments between both Shanghai Stock Exchange and the Swiss Stock Exchange. He also added that through developing a good relationship between these major stock exchanges and the well understanding will pave way for more attractive products and the really attractive international market space for the global investors.
The past relationship between Shanghai Stock Exchange and SIX Swiss Exchange
By signing in the memorandum of understanding, the Shanghai stock exchange and the SIX Swiss Exchange are underpinning the agreement that was made on free trade between China and Switzerland in the year 2013 and 2014. The agreement was signed by the People’s Bank of China and the Swiss National Bank (SNB). China is already one among the major economic partners of Switzerland and it is also a key partner for Swiss Stock exchange. The SIX Swiss Exchange is offering trade in the renminbi since 2012. Some of the bond issuers which were actually been traded in Switzerland are from China and the securities for these bonds have been issued by renminbi.
The SIX has aimed at further internationalization of Swiss securities market. This declaration was made on keeping certain policies in mind. One among the major criteria followed while declaring internationalization was to keep the securities norms attractive for the investors. The other one was to increase the trading volumes on the varied platforms. SIX is supporting the efforts taken by the Swiss National Bank to make Zurich as the Swiss renminbi hub. Zurich is a known financial center of Switzerland.
The nature of memorandum between SIX Swiss Exchange and Shanghai Stock Exchange
The nature of the memorandum of understanding between the two major stock exchanges was to share and get benefitted from the regular and a well institutionalized exchange of market information from both side. This makes certain that the understanding between both the stock exchanges will be better and thus helps in promoting business relationship and strengthening the regulatory standards. The aim of the memorandum is to create an environment that helps in developing the service offerings for the benefit of the investor in both the financial centers and in creating attractive conditions for enhancing mutual admissions of those financial products.
Urs Ruegsegger, Group CEO of SIX while taking about the memorandum said that the signing of the understanding memorandum is a foundation for the further coming collaborative projects and developments between both Shanghai Stock Exchange and the Swiss Stock Exchange. He also added that through developing a good relationship between these major stock exchanges and the well understanding will pave way for more attractive products and the really attractive international market space for the global investors.