Abu Dhabi Securities Exchange (ADX) Delegation Visits the Shanghai Stock Exchange

Saturday 03 August 2019
Abu Dhabi - MENA Herald:

A delegation from the Abu Dhabi Securities Exchange (ADX), headed by H.E. Khalifa Salem Al Mansouri, Acting Chief Executive of ADX, recently visited the Shanghai Stock Exchange. Here they met their counterparts Mr. Feng Jiang, CEO of the Shanghai Stock Exchange, Ms. Monica Zhang, Head of Financial Institutions Group, and Daisy Soi, Managing Director of HSBC Bank in China. The delegation also met senior officials and key representatives of China's financial markets.

The visit comes as part of the framework of strengthening the comprehensive strategic partnership between the financial markets and exploring and enhancing the partnership and cooperation opportunities for investors and businesses, as well as attracting the attention of a series of governmental and private institutions.  Bilateral meetings also took place to discuss frameworks of joint cooperation and explore opportunities to enhance bilateral work in the future for both the immediate and long terms.

H.E. Khalifa Salem Al Mansouri, Acting Chief Executive of ADX said: "The visit was a great success and included a series of fruitful meetings, during which we discussed a range of regulatory issues and market practices that affect all aspects of trade exchanges. We also agreed upon the need to encourage the flow of information and dialogue between our Exchanges. Further, our institutions explored opportunities to benefit from new technologies and exchanged valuable experiences. "

The meeting agenda included subjects including the best ways to benefit from using the latest techniques in the international financial markets, trade exchanges houses and stock trade to boost investment. Opportunities to find common ground for intensifying cooperation were also discussed as well as idea exchanges on the latest technologies used by the two parties in daily transactions.

The ADX Acting Chief Executive also presented the Environmental Social & Governance (ESG) disclosure guidance recently issued by ADX, as part of its efforts to enhance the sustainability of listed companies. The indicators provided are in line with the standards of the Global Reporting Initiative and are consistent with the United Nations sustainable development goals. H.E. Al Mansouri outlined a detailed explanation of the guidelines contained within the report, stressing the importance of promoting high professional standards towards new investors and stakeholders.

The Shanghai Stock Exchange is the largest Stock Exchange in China and one of the leading Exchanges in the world. Partnership and cooperation with China presents an opportunity for ADX to gain valuable experiences from a constantly expanding Chinese economy, at a time when global economic growth is slowing down. Moreover, the promising future of the Chinese economy, which can be seen through the Belt and Road initiative, has seen extensive results for many global projects across a variety of fields.

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