Exchange Signs MOU with Shanghai Stock Exchange in China

Plans to Discover and Promote Linked Projects from Exchange-Traded Funds to the Bond Market

At the MOU signing ceremony between the Korea Exchange and the Shanghai Stock Exchange (SSE) held on the 11th, Sohn Byung-doo, Chairman of the Korea Exchange (left), and Cai Jianchun, General Manager of SSE (right), are proceeding with the MOU signing. (Provided by Korea Exchange)

[Asia Economy Reporter Gong Byung-sun] The Korea Exchange has signed a Memorandum of Understanding (MOU) with the Shanghai Stock Exchange (SSE) in China.

On the 11th, the exchange announced that as part of the Korea-China capital market cooperation project, it signed an MOU on mutual cooperation with the SSE. Considering COVID-19, the event was held via video conference at each exchange.

The exchange explained that it plans to comprehensively discover and promote linkage projects between capital markets, ranging from exchange-traded funds (ETFs) to the bond market. Additionally, both exchanges will strive to produce tangible results within this year on priority tasks such as ETF cross-listing and joint index development, in cooperation with financial supervisory authorities of Korea and China.

Son Byung-doo, Chairman of the Korea Exchange, said, “Key tasks such as ETF cross-listing will greatly improve investors' accessibility to the two countries' markets, which have been of high interest. Through this MOU, we have achieved a substantial outcome of the long-standing Korea-China cooperative relationship.”

Chai Jianchun, General Manager of SSE, said, “As Korea-China relations mark the 30th anniversary of diplomatic ties next year, we hope that the cooperation between the two exchanges will be further strengthened and yield meaningful results in the near future.”