The Irish Stock Exchange (ISE) and the Shanghai Stock Exchange (SSE) have signed a memorandum of understanding (MOU) with the aim of developing a mutually beneficial relationship between the exchanges.
“We will be looking at opportunities where our exchanges can leverage our respective strengths to further develop the financial services industry in Ireland, Europe and the People’s Republic of China,” explained Deirdre Somers ISE CEO.
In 2008 the Central Bank of Ireland signed two MOUs with its Chinese counterparts, which enable Chinese investors to invest in Irish domiciled investment products.
Dr Que Bo, executive vice president of the SSE, said this latest MOU would lay “a solid foundation” for exploring further co-operation between Ireland and China.
“The ISE is a highly internationalised exchange and we look forward to sharing information and exchanging our respective market knowledge.”
One of the leading venues for listing debts and funds in Europe, the ISE has over 31,000 securities listed on its markets from 80 countries around the globe.
Meanwhile, the SSE is considered the most preeminent stock market in Mainland China.