Zurich and Shanghai Exchanges Sign Cooperation Agreement

by swisschambei in Bilateral Relations

Swiss exchange operator SIX and its Shanghai counterpart have agreed to intensify their cooperation during a visit of Swiss Finance Minister Ueli Maurer to China. A Swiss delegation led by Ueli Maurer, the finance minister of Switzerland, visited the stock exchange of Shanghai on Tuesday. SIX, the Zurich-based stock exchange operator, and Shanghai Stock Exchange renewed a memorandum of understanding with the intention to further their collaboration which was initiated in 2015. The document underpins the relationship between China and Switzerland that has intensified since the signing of a free trade agreement in 2013 and currency agreement between the central banks of the two countries in 2014, SIX said in a statement on Tuesday. The memorandum of understanding envisages to further intensify the cooperation between the two financial centers and to assess the feasibility of listing securities such as depository receipts on respective markets in the near future. This would allow companies listed at either exchange to tap into each other’s liquidity pools.

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