China's Shanghai Stock Exchange (SSE) signed a memorandum of understanding (MoU) on June 28 with Mongolia Stock Exchange (MSE), the only stock exchange in Mongolia, to enhance collaboration between the two exchanges and contribute to the Belt and Road construction.
This signing is expected to promote exchanges and cooperation between the two countries in different aspects including information exchange and product development, benefiting the capital market cooperation between China and Mongolia, an important partner in the process of the Belt and Road Initiative and one of the earliest countries to support it.
MSE, established in 1991 and listed in 2022, provides e-transaction service for coal exports besides listing securities products.
SSE has signed 67 MoUs with 56 foreign institutions up to now, and has carried out diverse activities. SSE will continue to strengthen international interaction under the deployment of China Securities Regulatory Commission, steadily promoting cooperation with foreign exchanges and high-level opening of the capital market.
(Writing by Riley Liang Editing by Emma Yang)
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