Thursday, 29 August 2024

Shenzhen and #Dubai pledge to increase cross-border ETF investing

Shenzhen and Dubai pledge to increase cross-border ETF investing

The Shenzhen Stock Exchange and Dubai Financial Market have signed a memorandum of understanding to promote cross-border investing in China and the United Arab Emirates, including in the area of exchange traded funds. 

The cities’ exchanges will also collaborate on dual-listings, shared displays of indices and fixed-income offerings, and helping investors tap the secondary markets of both nations, according to their announcement. 

The bourses will jointly host roadshows and seminars, and conduct research and training to bolster their respective capital markets and enhance trading opportunities for listed companies. They will also work jointly on market and product development and regulation, and environmental, social and governance practices. 

Hamed Ali, chief executive of DFM and Nasdaq Dubai, said the MOU was “a pivotal step in strengthening our cross-border ties, driving global investment opportunities and enhancing market accessibility”.

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