The Digital Source For China's Tech Innovation Since 2000

Search
Close

CME And Shanghai Stock Exchange Sign MOU

March 3, 2005
Business

The Chicago Mercantile Exchange (CME) and the Shanghai Stock Exchange (SSE) say they have signed a

Memorandum of Understanding (MOU) to create a forum for information sharing between the two organizations regarding the potential development of derivatives products in China.

"Part of CME's long-term growth strategy is to expand global distribution of our products and to add new customers throughout Asia," said CME Chairman Terry Duffy.

Geng Liang, Chairman of the SSE, said, "The SSE is pleased to have this opportunity to work closely with CME through this agreement. And we believe this MOU will promote broader cooperation, exchange of information and an ongoing relationship between both institutions."

Under the terms of the MOU, the SSE will provide CME with insights and information on the equities market in China, including regulations and policies, market specifications and development conditions in order to assist CME in gaining a better understanding of China's financial marketplace. In turn, CME will help the SSE become more familiar with international derivatives market practices, products and regulations, and will also provide assistance on the design of derivatives products, business development, marketing and training.

The Shanghai Stock Exchange was founded on November 26, 1990, and began operations on December 19 the same year. SSE is China's largest, most prominent stock market in terms of number of listed companies, number of shares listed and total market value of shares traded, and is a non-profit-making membership institution directly governed by the China Securities Regulatory Commission (CSRC). The SSE bases its development on the principle of "legislation, supervision, self-regulation and standardization" to create a transparent, open, safe and efficient marketplace. The SSE endeavors to realize a variety of functions: providing marketplace and facilities for securities trading; formulating business rules; accepting and arranging listings; organizing and monitoring securities trading; regulating members and listed companies; and managing and disseminating market information.

Tags: agreement | ASIA | Business | chairman | Chicago | China | China Securities Regulatory Commission | commission | CSRC | development | distribution | education | finance | financial | forum | international | listings | marketing | marketplace | monitoring | MOU | profit | Shanghai | stock exchange | stock market

Other Related News:

eBay Opens China Development Center

December 6, 2006

Biden to tap Huawei prosecutor for key China export post, says source,

July 29, 2021

360, iFlytek Reached Full Strategic Cooperation

May 21, 2020

South Korea inch China to Uber Cup title in five-match thriller

May 15, 2022

Beijing sets up website for public to report gaming company ‘irregularities’ as anti-addiction drive ramps up

September 17, 2021

China's First OLED Production Line Planned In Kunshan

January 22, 2008

Tesla Giga Shanghai officially restarts production with employees sleeping at the factory, expects slow ramp News

April 20, 2022

The Bitcoin Group #8 (Live) China Banks Two Crashes Sheep Marketplace Aired Dic 6, 2013

October 26, 2021

AsiaInfo Readies For China Mobile's Next Generation IP

July 25, 2007
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2022 ChinaTechNews.com. A Service of Asia Media Network.
Twitter
Posting....