SSE Signs Memorandum of Understanding on Cooperation with MSE
On June 28, 2023, during the visit of the Prime Minister of Mongolia to China, Cai Jianchun, President of Shanghai Stock Exchange (SSE), and Altai Khangai, Chief Executive Officer of Mongolian Stock Exchange (MSE), representing their respective exchanges, signed a Memorandum of Understanding (MOU) on cooperation under the witness of Premier Li Qiang of the State Council and Mongolian Prime Minister Luvsannamsrai Oyun-Erdene.
Mongolia is an important collaborative partner in the Belt and Road Initiative and has been one of the earliest supporters of the Initiative. As early as January 2008, the China Securities Regulatory Commission (CSRC) and the Financial Regulatory Commission of Mongolia signed a Memorandum of Understanding on Securities Regulatory Cooperation. MSE, established in 1991, is the sole securities exchange in Mongolia and achieved the milestone of self-listing in 2022. In addition to listing securities such as stocks, bonds, and funds, the MSE also provides electronic trading services for coal exports. The signing of this MOU will further drive bilateral cooperation between the two exchanges in areas such as information exchange, collaborative research, personnel exchange, market promotion, and product development. It will lay a solid foundation for supporting the Belt and Road Initiative by strengthening capital market cooperation between China and Mongolia.
To date, the SSE has signed 67 MOUs with 56 overseas institutions and has successfully engaged in exchanges and cooperations in various forms within the framework of these agreements, exploring practical ways to serve the capital markets of both sides. Going forward, under the overarching coordination of the CSRC, the SSE will endeavor to expand the scope of international communication, steadily advance diverse cooperations with overseas exchanges, and contribute to the high-standard opening up of the capital market.
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