BEIJING, Nov. 1 (Xinhua) -- Shanghai Stock Exchange (SSE) released the Vision and Action Plan of Serving Belt and Road Construction (2018-2020) on October 27 for promoting cooperation in capital markets in countries along the Belt and Road (B&R).
According to SSE, the B&R’s success relied on increased financial support and involvement of the international community, especially the stakeholders along the B&R.
As a programmatic document serving the B&R Initiative, SSE’s Vision and Action Plan aims at promoting and organizing capital market cooperation along the B&R, enhancing direct financing channels for B&R construction, mobilizing domestic and international capital from countries along the B&R, and urging domestic and foreign enterprises to join the initiative. It also aims at building a community of shared interests and common fate in the B&R capital market, further promoting the two-way opening of the domestic capital market and pressing ahead with the development of Shanghai into an international financial center.
According to the plan, SSE will constantly deepen cooperation and exchange, thereby strengthening bilateral cooperation with key exchanges along the B&R in various ways, such as signing MoUs, facilitating strategic cooperation agreements and carrying out joint venture and business cooperation. In addition, SSE will further explore multilateral cooperation along the B&R to jointly create smooth channels for communication and exchange and expand international influence.
SSE has carried out extensive cooperation with the exchanges along the B&R. For example, SSE joined hands with relevant domestic exchanges to acquire a 40 percent stake in Pakistan Stock Exchange; hosted the “China-Central Asia” Capital Market Forum and other capital market forums; and supported Russia’s UC RUSAL in successfully issuing the first tranche of panda bonds among the enterprises along the B&R.
(Edited by Yang Qi, kateqiyang@xinhua.org)
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