DFM joins forces with Shanghai Stock Exchange to promote cross-border collaboration

He Dubai financial market (DFM), Nasdaq Dubai, and Shanghai Stock Exchange (SSE) announced the signing of a Memorandum of Understanding (MoU) to further strengthen ties between the capital markets of Dubai and China. This partnership marks an important milestone in cross-border collaboration.

The partnership not only facilitates the exchange of knowledge, experience and information between DFM, Nasdaq Dubai and the Shanghai Stock Exchange (SSE), but also aims to improve efficiency and transparency in both markets. Additionally, by focusing on products relevant to both markets, it will facilitate the joint development of products, such as indices and ETFs, as well as the creation of ESG and sustainability-linked products.

As part of the strategic alignment to meet the changing needs of both market participants, DFM and Shanghai Stock Exchange They will jointly explore to develop products, present companies and issuers with the advantages of each market and provide them with access to growth opportunities and services.

Hamed Ali, CEO of Dubai Financial Market and Nasdaq Dubai, commented,

“The partnership with the Shanghai Stock Exchange (SSE) marks a significant step in strengthening our international ties and fostering cooperation in key areas of the development of our capital markets. This partnership opens doors to explore new opportunities and expand our reach in the market.

He added,

“In an evolving financial landscape, global collaboration is paramount. Together with the Shanghai Stock Exchange, we aim to bring best practices and expertise from both sides, opening new horizons for market participants and strengthening the growth of our financial ecosystems”.

Cai Jianchun, president of the Shanghai Stock Exchangesaying,

“We are pleased to establish a partnership with DFM and announce the signing of our MoU to explore potential opportunities in cross-listing, indices, ETFs, ESG and other areas. We look forward to working closely with DFM to advance product cooperation and further strengthen the cooperation between two markets. Next, under the leadership of our regulator, the China Securities Regulatory Commission, SSE will further deepen high-level opening up to the world and continue to explore a diversified cooperation mechanism with stock exchanges in the Middle East region, to strengthen bilateral cooperation. explore multilateral cooperation, continually enrich and deepen the cooperation format.”

News source: Dubai Press Office