The Abu Dhabi Securities Exchange and the Chinese Shenzhen Stock Exchange signed a memorandum of understanding today, Wednesday, during the visit of a delegation from the Chinese Shenzhen Stock Exchange to the Abu Dhabi Financial Market.
According to a press release, the memorandum of understanding between the Abu Dhabi Securities Exchange and the Shenzhen Stock Exchange focuses on enhancing cooperation with regard to financial indicators and ETFs in the two markets and exploring international opportunities available to attract cross-border financing.
The two parties will also explore ways to jointly promote each other, explore cross-border financing for listed companies, discuss the feasibility of cooperation with regard to fixed income instruments, and exchange experiences to develop their financial markets and enhance competencies.
The Abu Dhabi Securities Exchange and the Shenzhen Stock Exchange will work together to explore cooperation opportunities in the field of financial services, and benefit from the capabilities of the rapidly growing financial markets in the United Arab Emirates and China.
By signing the memorandum of understanding, the two financial markets will deepen cooperation and implement practical cooperation in market development, cross-border services and products, cross-border financing mechanism, exchange of experiences and mutual learning, among other areas.
These initiatives come in line with the Abu Dhabi Securities Exchange's strategy to attract more global investors and enhance the market's position as a preferred and vital destination for investment within the global financial market.
The Abu Dhabi Securities Exchange and the New York Stock Exchange, which is part of the Intercontinental Exchange listed on the New York Stock Exchange under the symbol (ICE), signed a memorandum of understanding in mid-November to cooperate in a number of key activities, including the dual listing of companies in the two financial markets.
The two parties will explore opportunities to develop ETFs, data and index products, as well as collaborate on sustainability-related initiatives.
The agreement was signed between the Abu Dhabi Securities Exchange and the New York Stock Exchange, John Tuttle, Vice Chairman of the Board of Directors of the New York Stock Exchange and Chairman of the New York Stock Exchange Institute, and Abdullah Salem Al Nuaimi, CEO of the Abu Dhabi Securities Exchange.
