SZSE Collaborates with TMX Group to Create A Technology and Innovation Companies Service Mechanism

SZSE Collaborates with TMX Group to Create A Technology and Innovation Companies Service Mechanism

The FINANCIAL -- Shenzhen Stock Exchange and TMX Group Limited entered into a Memorandum of Understanding recently to promote cooperation between the capital markets and serve technology and innovation companies in the two countries.

TMX group is the biggest securities exchange group in Canada with a diversified business encompassing securities offering, trading, settling and market analysis. It owns and operates the Toronto Stock Exchange (TSE), TSX Venture Exchange, TSX Private Markets and other securities financing platforms. Toronto Stock Exchange ranks the third globally in terms of the number of companies listed thereon, which is 3417 as of the end of June 2017, and the ninth in terms of the total market capitalization of the listed companies, which amounts 2.1281 trillion US dollars. TMX Group has always been emphasizing the market services to SMEs and innovative companies and shares many common grounds with SZSE, which serves as a solid foundation for future cooperation and cross-border allocation of innovation resources between the two sides.

During a visit to Canada in September 2017 to promote cross-border cooperation between the two capital markets, Wang Jianjun, General Manager of SZSE, and his party discussed thoroughly and reached a consensus with Louis Eccleston, CEO of TMX Group on issues concerning nurturing technology and innovation companies and circulating cross-border capital. Both parties agreed on the importance of the capital market to the growth of technological and innovative companies, and wished to leverage available resources of both sides to forge cooperation and establish and promote a service mechanism technology and innovation companies in both countries, according to Shenzhen Stock Exchange.

As per the MOU, both sides shall collaborate in the following aspects. First, personnel exchanges. Both parties shall establish a communication mechanism between senior management, and arrange visits between their employees to discuss their job and responsibilities, and increase understanding of the markets of the other side, making full preparation for future cooperation. Second, sharing information and services. Both sides shall leverage their respective service channels to explore ways to present their technological and innovative companies in the other market, share market information, try to involve professional intermediaries in the cross-board capital services, and provide full services for cross-border investment and financing of their companies. Third, cross-border product and index researches. Both sides shall cooperate in index researches with a focus on innovation and shall develop products based on the innovative indexes of the other market for listing, conduct researches on cross-border financing products and promote innovation on the products.

Next, SZSE shall, share information, resources and channels with TMX Group together with other institutions in the two countries, and establish a cooperation network to integrate technology and innovation resources in both countries in a broader and higher sense, and to better integrate and serve and real economies in both countries.