SIX Swiss Exchange and Shanghai Stock Exchange have made an agreement to increase collaboration by regularly exchanging information and launching joint projects.
The deal underpins the free-trade agreement between Switzerland and China concluded in 2013, and the 2014 currency agreement between the Swiss National Bank and the People’s Bank of China.
SIX has been offering trades in renminbi since 2012, and SIX has declared its aim towards further internationalisation of the Swiss securities market. SIX also supports the Swiss National Bank in its efforts to make Zurich a Swiss hub for renminbi.
The agreement also intends to improve mutual understanding of each market, promoting business relations and improving regulatory standards. The two markets will develop service offerings designed to benefit investors and create attractive conditions for mutual admission of financial products.
Urs Rüegsegger, group CEO of SIX, said: "We are laying the foundations for forward-looking collaboration between Shanghai Stock Exchange and SIX Swiss Exchange."
He added: "In this way, both sides will in future be able to offer even more attractive and more international marketplaces."
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