Borsa Italiana signs Memorandum of Understanding with
Shanghai Stock Exchange and Shenzhen Stock Exchange
On the occasion of the World Federation of Exchanges Forum in Beijing, Borsa Italiana today signed a memorandum of understanding with and the Shanghai Stock Exchange and a memorandum of understanding with the Shenzhen Stock Exchange.
Cooperation with these Exchanges will facilitate the development of channels of communication, foster a continuing relationship between the parties and assist in the maintenance of orderly markets.
Under the agreement, the Exchanges will consult and cooperate on issues of mutual interest in order to strengthen both markets. The Exchanges also agreed to exchange information deemed to be beneficial to maintain the efficiency of the Markets as well as qualified staff.
Mr. Massimo Capuano, President and CEO of Borsa Italiana says "These agreements will promote broader cooperation, exchange of information and an ongoing relationship between both Exchanges and strengthen our business relationships in the years ahead. Through this MOU, we hope to build on our efforts to expand the reach of our markets and products to this increasingly influential region".
Mr Massimo Capuano, Vice Chairman of the World Federation of Exchanges, was also received by the State Council Vice Prime Minister Huang Ju together with the heads of the World Federation of Exchanges delegations.
Milan, June 1st 2005
About Borsa Italiana SpA:
Founded in 1997 following the privatisation of the exchange, Borsa Italiana is responsible for the organisation and management of the Italian securities markets. It carries out activities to ensure the development of the markets it manages, to maximise their liquidity, transparency and competitiveness, and, at the same time, to pursue high levels of efficiency and profitability.
Borsa Italiana leads a Group which includes BIt Systems (Information Technology), Cassa di Compensazione e Garanzia (Clearing & Central Counterparty), Monte Titoli (Custody & Settlement), Piazza Affari Gestione & Servizi (Facility & Property Management), thus offering a wide range of high value-added services to the domestic and international financial community.
About the Shanghai Stock Exchange:
The Shanghai Stock Exchange was established in 1990 as a non-profit membership institution governed by the China Securities Regulatory Commission (CSRC). The SSE operates on the principle of "legislation, supervision, self-regulation and standardization" to create a transparent, open, safe and efficient marketplace. The SSE provides a marketplace and facilities for securities trading as well as formulating business rules, arranging listings, monitoring securities trading, regulating members and listed companies and managing and disseminating market information.
After fifteen years of operation, the SSE has become the preeminent stock market in China in terms of number of listed companies, number of shares listed and total market value, with 768 companies listed. The total market capitalization of the SSE is RMB 2.7 trillion ($326 billion). The SSE has 180 members and 36 million investors. A large number of companies from key industries, infrastructure and high-tech sectors have raised capital and improved their operation mechanism through listing on the Shanghai stock market. The SSE is fully committed to developing Shanghai into an international financial center. More information: www.sse.com.cn.
About the Shenzhen Stock Exchange:
The Shenzhen Stock Exchange ( SSE ), established on December 1st 1990, is one of the two stock exchanges in mainland China. Located in the beautiful and dynamic coastal city of Shenzhen, the SSE has been committed to creating an open, fair and efficient market since its establishment.
The evolution of the SSE mirrors that of China's securities market. The SSE characterizes the entrepreneurial spirit of the city where it is located: Over the past 14 years, the SSE has developed from a regional market into a national market with listed companies and members throughout the country. It enjoys an important share of the gross national market in terms of listed companies, market capitalization and trading turnover. The fund ever raised in the market has reached a height of over 250 billion Yuan. It is playing and will continue to play an important role in the national economy. More information: www.szse.cn
The Exchange accepts no responsability for the content of the website you are now accessing or for any reliance placed by you or any person on the information contained on it.
By allowing this link the Exchange does not intend in any country, directly or indirectly, to solicit business or offer any securities to any person.
You will be redirected in five seconds.