INTERNATIONAL: SZSE and STG Sign MoU on Cooperation

Thursday December 14 2023

On 10^th December 2023, Shenzhen Stock Exchange (SZSE) and Saudi Tadawul Group (STG) signed a Memorandum of Understanding (MoU) on cooperation to further promote the pragmatic cooperation between China’s and Saudi Arabia’s capital markets.

With the intention of further strengthening multi-level communication and cooperation between the two capital markets, the SZSE and the STG underscored in the MoU their willingness to carry out multiple cooperation to support the high-quality development of the two markets.

The two sides will also jointly conduct research on cooperation of products such as indices, funds and REITs, explore the collaboration opportunities in the ETF product link and cross-listing of listed companies, and explore the collaboration in forming the China-Saudi cross-border capital service mechanism based on SZSE’s V-Next platform, so as to encourage the cross-border investment of market entities from both sides, and to promote in-depth cooperation of the capital markets in China and Saudi Arabia.

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