ATHENS, Sept. 4 (Xinhua) -- Greece and China signed a bilateral protocol to boost cooperation between their capital market and securities regulatory commissions.
The protocol was signed by professor Chalarambos Gotsis, president of Hellenic Capital Market Commission and Liu Shiyu, chairman of China's Securities Regulatory Commission (CSRC) in Beijing, August 31.
The bilateral protocol expands cooperation between the two authorities to exchange confidential information and mutual cooperation in capital market issues, with the aim to establish an immediate and efficient communication for Greek and Chinese investors.
The protocol is part of a wider plan to expand Greek-Chinese cooperation and follows the signing of an agreement (May 2017) between China's Economy ministry and the National Development Commission of a three-year bilateral action plan, part of the Belt and Road Initiative, which aimed to forge closer commercial and economic relations with Europe.
The protocol also paves the way for cooperation agreements between Shenzhen Stock Exchange, Shanghai Stock Exchange and the Athens Stock Exchange to promote new products such as Exchange Traded Funds (ETFs) designed to boost liquidity and risk distribution for investors. Greek authorities have already begun talks with Chinese institutional investors to introduce these new investment tools in the market.
During the signing ceremony, Gotsis made a brief presentation of the Greek capital market to CSRC, focusing on increasing Chinese investments in Greece and underlined the significance of a Golden Visa program allowing Chinese citizens to invest in Greek assets.
Chairman Liu referred to the excellent relations between the two countries and said: "Greece is a preferential partner in Europe because of the history connecting the two peoples and the common perception for cooperation based on principles and values. With the signing of the protocol we are ready to establish partnerships. For us it is important to have direct communication and exchange of information".(Edited by Zhang Yuan, source, Athens News Agency)
A single purchase
