Shanghai, Saudi Exchange Partner on ESG

Published on:
by KnowESG
KnowESG_Shanghai, Saudi Exchange Partner on ESG
Image courtesy of Freepik

The Shanghai Stock Exchange and the Saudi Exchange signed a memorandum of understanding (MOU) on Sunday in Riyadh, laying the groundwork for future cooperation.

The two exchanges will explore opportunities for collaboration in cross-listings, fintech, environmental, social, and governance (ESG) matters, and research.

"We are pleased to collaborate with the Saudi Exchange," said Cai Jianchun, general manager of the Shanghai Stock Exchange. "We anticipate jointly promoting product cooperation, such as exchange-traded funds (ETFs), and deepening the connection between the two capital markets."

China's and Saudi Arabia's stock exchanges have been discussing the possibility of listing ETFs on each other's exchanges, according to three sources who spoke to Reuters last month. This is part of the countries' efforts to strengthen financial ties as diplomatic relations improve.

The Shanghai Stock Exchange has signed MOUs with 57 offshore institutions and will continue to promote diversified cooperation with overseas exchanges, according to the exchange.

For more investor-related news

To view and compare company ESG Ratings and Sustainability Reports, visit our Company ESG Profiles page.

Source: Reuters

Share:
esg
esg
esg
esg

Investors Headlines

U.S.'s First ESG-Focused Stock Exchange to be Launched in 2026

U.S.'s First ESG-Focused Stock Exchange to be Launched in 2026

Climate Tech Investment Rebounds in US: Silicon Valley Bank Report

Climate Tech Investment Rebounds in US: Silicon Valley Bank Report

ISS STOXX New Rating Assesses Green Bond Risk at Issuance Level

Sironix Raises $3.5M for Renewable Chemicals Sector

Reask Raises USD 4M to Provide Accurate Climate Risk Data

Terabase Raises $130M to Expand Solar Digitization and Automation

0100 Europe Conference in Amsterdam: Growth Investing & Secondaries 2025

Talanx Group Expands Renewable Energy Capacity in Austria

Supply Chain Sustainability Expert ctrl+s Raises €1M

72% of UK Employees Back ESG in Pensions: Scottish Widows