Moscow Exchange Signs MoU With Shenzhen Stock Exchange

The Moscow Exchange announced on Tuesday that it had signed a memorandum of understanding (MoU) with the Shenzhen Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term.

According to a statement released by the Russian Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, the signing of the MoU took place on Monday, with Moscow Exchange CEO Alexander Afanasiev and Shenzhen Stock Exchange Executive Vice President Peng Ming participating in the ceremony.

An array of benefits will now be on the table for both sides of the deal. Moscow Exchange’s statement indicates that the two exchanges will be working together on joint marketing events and initiatives that will take place in both countries.

On top of this, th,e deal hopes to strengthen the bonds between Chinese and Russian investors. In its statement, Moscow Exchange noted that the MoU would help to facilitate Russian trading in the Chinese market and vice-versa.

Both exchanges may take steps to bolster cross-border. For instance, a trading and clearing link between Moscow and Shenzhen may be established. The two exchanges are also considering cross-listing exchange-traded-funds (ETFs) that track Russian and Chinese equity indices.

Moscow Exchange Making Headway in China

Over the past few years, Moscow Exchange has made a number of efforts to develop ties with China’s leading exchanges and financial institutions. These efforts aim to expand settlement in national currencies between Russia and China and to boost trading volumes in yuan-denominated instruments in Russia, including for capital raising campaigns for Russian-Chinese infrastructure projects.

Currently, the Moscow Exchange has cooperation agreements - akin to the one signed on Monday with the Shenzhen Stock Exchange - with the Bank of China, Industrial and Commercial Bank of China (ICBC), Shanghai Stock Exchange, China Financial Futures Exchange (CFFEX), Dalian Commodity Exchange, Shanghai Gold Exchange, the largest Chinese brokerage firms CITIC Securities and Galaxy Securities, as well as with SSE Infonet concerning the distribution of Russian market data in China.