February 28, 2023
LSEG and Shenzhen Stock Exchange sign MoU to support capital markets growth in UK and China
LSEG (London Stock Exchange Group) and Shenzhen Stock Exchange (SZSE) have signed a Memorandum of Understanding (MoU) to facilitate greater cooperation and enhance the potential for effective capital formation. The agreement reflects a mutual commitment to support the growth and development of capital markets in Shenzhen and London.
Julia Hoggett, CEO, London Stock Exchange plc, said:
"On behalf of LSEG, I am delighted to sign this MoU with Shenzhen Stock Exchange. The MoU is a testament to our commitment to collaborate across a broad range of areas to facilitate the further development and enrichment of global capital markets.”
SHA Yan, President and CEO, Shenzhen Stock Exchange, commented:
"The MoU signing between SZSE and LSEG is not only a progress summary of the close cooperation between the two exchanges, but also a starting point for higher-level cooperation. We hope that the two exchanges will continue to deepen pragmatic cooperation in multiple fields and enhance the ability of the capital market in serving the real economy of the two countries."
Under the MoU, SZSE and LSEG will work together to enhance collaboration in areas such as market development, product innovation, and information exchange. The collaboration will cover issuance and listing of depository receipts, mutual information display of green securities, data partnerships and market research, and joint development of indices and ETF tracking.
Both parties will promote opportunities for the listing of depository receipts through Stock Connect, including companies contributing to the Green Economy. Furthermore, LSEG and SZSE will explore the development of richer data sets and indices to help investors better understand the Chinese markets.
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LSEG (London Stock Exchange Group) is more than a diversified global financial markets infrastructure and data business. We are dedicated, open-access partners with a commitment to excellence in delivering the services our customers expect from us. With extensive experience, deep knowledge and worldwide presence across financial markets, we enable businesses and economies around the world to fund innovation, manage risk and create jobs. It’s how we’ve contributed to supporting the financial stability and growth of communities and economies globally for more than 300 years.
Data & Analytics
Our acquisition of Refinitiv means we can provide the breadth and depth of financial data and best-in-class analytics that customers expect – driving innovation and growth across global markets. And our high-performance solutions – from trading, to market surveillance, to wealth solutions and more – help to enhance the performance of our customers. FTSE Russell is a leading global provider of financial indexing, benchmarking and analytic services with more than $17 trillion benchmarked to our indices – and offers an extensive range of data services and research. The combination of Refinitiv and FTSE Russell provides LSEG with leading capabilities in data, analytics, indices and benchmarks
We offer our customers extensive access to capital markets and liquidity across multiple asset classes. We operate a broad range of international equity, fixed income, exchange-traded funds/exchange traded products and foreign exchange markets. Our Group is home to several capital formation and execution venues: London Stock Exchange, AIM, Turquoise, FXall and Tradeweb (through a majority ownership interest).
We support our customers’ clearing and reporting obligations, providing risk, balance sheet and financial resource management solutions, whilst working with our other divisions to extend this support across the value chain. A leading global clearing house with a strong presence across multiple asset classes, LCH helps financial institutions all over the world use their capital efficiently and manage counterparty risk. We work closely with sell-side clearing members and buy-side clients in conjunction with trading venues globally. UnaVista, a regulated platform that helps customers meet their reporting compliance obligations and reduce operational and regulatory risk through reporting, reference data and analytics solutions, further complements our Post Trade offering. Through a comprehensive suite of trusted financial market infrastructure services – and our open-access model – we provide the flexibility, stability and trust that enable our customers to pursue their ambitions with confidence and clarity.
LSEG is headquartered in the United Kingdom, with significant operations in 70 countries across EMEA, North America, Latin America and Asia Pacific. We employ more than 23,000 people globally, more than half located in Asia Pacific. LSEG’s ticker symbol is LSEG.