SHANGHAI, April 23 (Xinhua) -- Two bourses and two insurance firms from China and Switzerland have signed respectively their cooperation agreements on Tuesday.
Shanghai Stock Exchange (SSE) and SIX Swiss Exchange (SIX) inked a memorandum of understanding (MOU), and China Pacific Insurance (Group) Co., Ltd. (CPIC) and Swiss Reinsurance Company Ltd. signed a cooperation framework pact
An official from SSE said Switzerland is an important finance center of Europe and strengthening cooperation with Swiss capital market is a practical step for boosting two-way opening-up of China’s capital market.
For a long time, SSE and SIX have kept in touch over potential cooperation opportunities.
Earlier in May 2003, China’s securities watchdog - China Securities Regulatory Commission (CSRC) and Swiss Federal Banking Commission concluded a MOU on cooperation in securities regulation and supervision. SSE and SIX signed a MOU about information sharing, personnel exchange, and joint development of products in June 2015. (Edited by Duan Jing, duanjing@xinhua.org)
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