MUMBAI, INDIA: BSE, India’s premier exchange, has signed a Memorandum of Understanding (MoU) with Shanghai Stock Exchange to facilitate the development of channels of communication and to foster a continuing relationship between the parties for the benefit of financial services industry in the People’s Republic of China and the Republic of India.

The MoU is signed on July 22, 2019. The MOU shall facilitate the maintenance of orderly securities markets in the two countries.

Speaking on the occasion Shri Ashishkumar Chauhan, MD & CEO, BSE, said “We are happy and delighted to associate ourselves with one of the world’s largest capital markets. The BSE-Shanghai engagement would benefit global investors, facilitate co-operation between the parties and enable coordination of exchange of information.”

The exchanges have agreed to co-operate to enhance understanding of activities in each other’s market. The parties shall conduct joint research to explore the possibility of further cooperation in the area of growth markets and to support the development of small and medium enterprises, dual listing, development of fixed income market, development of joint trading platform for off-shore RMB products, experience sharing and cooperation on IT system.