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Shanghai, Budapest bourses ink MOU to enhance cooperation

Updated: May 19,2018 7:52 PM     Xinhua

BEIJING — Shanghai Stock Exchange (SSE) has signed a memorandum of understanding (MOU) with Hungary’s Budapest Stock Exchange to enhance cooperation between the two bourses.

Under the MOU, the two sides will work together on information sharing, personnel exchange, and product development, the SSE said on its website early this week.

The MOU was signed by Que Bo, executive vice-president of the SSE, and Budapest Stock Exchange CEO Richard Vegh. Fang Xinghai, vice-chairman of the China Securities Regulatory Commission, and Laszlo Windisch, deputy governor of Hungary’s central bank, witnessed the signing ceremony.

The MOU marks an important step for the SSE in strengthening bilateral cooperation with Belt and Road countries, the statement said.

Vegh said he expects the two bourses will explore possibilities for further cooperation in areas such as market data, cross-border exchange traded funds (ETFs) and connectivity, and that the cooperation will prompt Chinese investment in the Hungarian market.

To facilitate financial connectivity along the Belt and Road, the SSE has established cooperation with key bourses in countries including Germany, Pakistan, Switzerland, and Luxembourg, it said.

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