The FINANCIAL — Euronext on September 21 announced a partnership with the Shanghai Stock Exchange (SSE) to enhance the promotion and marketing of its cash, derivatives, commodities and index data in the People’s Republic of China. SSE Infonet, a wholly owned subsidiary of the Shanghai Stock Exchange that manages its securities information, will act as Euronext’s market data agent in China.
The partnership will further enhance the visibility and accessibility of Euronext’s listed companies, markets and products, reaching the highest number of retail investors in the world. It will help facilitate Chinese investors’ effective and convenient investment in the European market, according to Euronext.
The current focus is on education of the Chinese market regarding the equities available on Euronext, which includes 50% of the Euro Stoxx 50 constituents and other hi-tech stocks that are of particular interest to investors in China. In the next phase Euronext and SSE will refine the data packages available to reflect the specific demand for the Euronext data.
“I am delighted to be working together with the Shanghai Stock Exchange on this exciting initative to promote Euronext markets in China. The Shanghai Stock Exchange has strong market data expertise and a broad client reach within China and we are looking forward to growing our partnership,”said Lee Hodgkinson, Head of Markets and Global Sales at Euronext.
Mr Bo Que, Vice President of the Shanghai Stock Exchange said, “By acting as domestic sales and marketing agent of Euronext market data, we believe this strategic co-operation can enrich product line for local information vendors and strengthen local investors’ knowledge to manage their investment portfolio. It is also a further step for SSE towards internationalization. ”