Moscow Exchange Signs MoU to Cooperate with Chinese Securities Firms

The MoU is aimed at developing cooperation between China and Russia on capital markets and investment.

Moscow Exchange (MOEX) announced today that it has signed memorandums of understanding (MoUs) with two Chinese securities firms, CITIC Securities and Galaxy Securities, as part of an initiative to strengthen bilateral cooperation between China and Russia on capital markets and investment.

Under the agreements, the parties will cooperate on cross-border investments between Russia and China, with the two Chinese firms starting to provide access for their clients to Russian securities traded on Moscow Exchange. The MoU also includes assistance for Chinese corporations that want to list their securities in Moscow.

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Alexander Afanasiev, CEO of Moscow Exchange, commented: “China is an important trading partner for Russia, and we see great potential to continue growing stronger and deeper ties on investment and capital markets. We continue to build out a suite of RMB products traded on Moscow Exchange.The agreements we have signed today represent the next step forward, and we look forward to welcoming more Chinese investors and issuers to the Russian market.”

Yin Yanwu, Deputy General Manager of Galaxy Securities, said: “A senior management delegation from our company visited Russia for the first time in September 2012, and was introduced to the Moscow Exchange. Four years later, it is an honour and a great pleasure for us to see our MoU signed, and we are confident that this is the beginning of a long-term relationship that will benefit not only our mutual clients, but also the development of China-Russia cooperation on capital markets and investment.”

Ma Yao, Managing Director of CITIC Securities, added: “CITIC Securities is delighted to start working with Moscow Exchange. We see that constantly improving relationships between China and Russia are opening up interesting new investment opportunities for our clients, such as debt capital markets and corporate listings for some mainland Chinese companies. We have also agreed to introduce education and training programs for our respective clients, which will form a key element of bringing investors to Chinese and Russian capital markets.”

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