The Dubai Financial Market (DFM) and Shenzhen Stock Exchange (SZSE) have signed a Memorandum of Understanding (MoU) to strengthen cross-border trading and investment opportunities between the UAE and China.
The MoU, signed by Chen Feng, Director of International Cooperation at SZSE, and Afra Al Suwaidi, CEO of Dubai Central Securities Depository, a subsidiary of DFM, aims to enhance the capital markets landscape in both regions through joint initiatives, including roadshows, seminars, research, and training programs.
Witnessed by key figures such as H.E. Sha Yan, Chairperson of SZSE, and Hamed Ali, CEO of DFM and Nasdaq Dubai, the agreement will facilitate cooperation on dual listings, ETFs, and fixed-income products, pending regulatory approvals.
The partnership also focuses on sharing expertise in market development, regulatory practices, and IT capacity building, setting the stage for deeper collaboration.
Hamed Ali highlighted the significance of the MoU in driving global investment opportunities and enhancing market accessibility. The collaboration aims to pave the way for new growth avenues, benefiting investors and stakeholders in both regions.
Following the MoU signing, a private event was held at Nasdaq Dubai, featuring industry experts who discussed the dynamics between Dubai and China's capital markets and the potential for future strategic cooperation.
The agreement marks a pivotal step in reinforcing financial ties between the two countries and promoting sustainable economic growth.
News Source: Dubai Media Office
