The Luxembourg Stock Exchange (LuxSE) joins forces with Shanghai Clearing House and China Construction Bank to facilitate access to financial information on Chinese securities, while simplifying the execution process.
The official signing ceremony took place in Shanghai on 18 September 2019, in the presence of H.E. Mr. Pierre Gramegna, Luxembourg Minister of Finance, representatives of the Luxembourg financial centre, and the three institutions’ senior leadership teams. The objective of the tripartite Memorandum of Understanding is to establish a cross-border collaboration related to securities traded on the China Interbank Market, with a specific focus on green securities.
The Luxembourg Stock Exchange will display information on securities cleared through Shanghai Clearing House, to facilitate access to the China Interbank Market for the international investor community. Shanghai Clearing House will provide the relevant information on the securities falling under the scope of the agreement, while China Construction Bank will act as the primary partner for related investor services.
The overarching objective of the agreement is to promote the China Interbank Market and pave the way for international investors by removing some of the obstacles related to accessing financial information, and by simplifying cross-border transactions. By displaying information in English about securities cleared through Shanghai Clearing House, the Luxembourg Stock Exchange will contribute to making essential financial information on Chinese securities more accessible to international investors, and thereby smooth the path to potential new investment opportunities.