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Screenshot of a breaking news alert e-mail from Q2 2017
On 12th December, Shenzhen Stock Exchange (SZSE) signed a Memorandum of Understanding (MoU) with Lao Securities Exchange (LSX). As per the LOU, both parties shall deepen collaboration on information sharing, personnel exchanges, platform construction, market and product development, etc. General Manager of SZSE Wang Jianjun and CEO of LSX Vanhkham Voravong were present at the signing ceremony.
On the ceremony, Wang Jianjun pointed out that the strategic cooperation was a significant measure taken to implement the “Belt and Road Initiative” and build a “Sino-Laos economic corridor”, which would be conducive to the synergetic development of the economy and capital market in both countries as well as the prosperity and development of the economy and society on both sides. SZSE pushes forward the construction of a cross-border capital service mechanism to connect cross-border investing and financing projects. In August, SZSE held an online business road show in Lao, which was well received by domestic investors. Wang Jianjun expressed that SZSE and LSX would continue to seek the connection of major financial infrastructure of two sides, and conduct researches on and promote in-deep product and business cooperation.
Vanhkham Voravong indicated that China and Lao have maintained a long-term amicable relationship, and Lao was the first country visited by President Xi Jinping after the 19th CPC National Congress. Currently Lao’s economy is robust and is transforming from a “landlocked country” into a “landlinked country”. The MOU between SZSE and LSX marked the new beginning of Sino-Laos capital market cooperation, making it possible for both sides to share information and business and technological expertise, improve both sides’ capacity to serve their respective markets and facilitate cooperation between the capital markets on both sides.
Till now, SZSE has entered into MOUs with 40 overseas securities exchanges. Next, SZSE shall, in strict accordance with the spirit of the 19th CPC National Congress, actively push forward the opening up of the market, strengthen international cooperation and communication, and strive to build a world-leading innovation capital formation center.