Dubai Financial Market (DFM), Nasdaq Dubai, and Shanghai Stock Exchange (SSE) have recently signed a Memorandum of Understanding (MoU) to enhance the connection between the capital markets of Dubai and China. This collaboration is a major step in cross-border cooperation.

The partnership aims to facilitate the exchange of knowledge, expertise, and information between DFM, Nasdaq Dubai, and Shanghai Stock Exchange (SSE), while also improving efficiency and transparency in both markets. Additionally, the focus on products relevant to both markets will allow for joint product development, including Index and ETFs, as well as the creation of ESG and sustainability-linked products.

As part of the strategic alignment, DFM and Shanghai Stock Exchange will explore product development and provide access to growth opportunities and services for companies and issuers from each market.

Hamed Ali, CEO of Dubai Financial Market and Nasdaq Dubai, emphasized the importance of the partnership, stating, “The partnership with the Shanghai Stock Exchange (SSE) marks a significant step in strengthening our international ties and fostering cooperation in key areas of our capital markets development.”

Cai Jianchun, president of Shanghai Stock Exchange, also expressed enthusiasm about the partnership, saying “We are pleased to establish partnership with DFM and announce our MoU signing to explore potential opportunities in cross-listing, indices, ETFs, ESG, and other areas. We look forward to working closely with DFM to advance product cooperation and further strengthen the cooperation between two markets.”

The collaborative effort between DFM, Nasdaq Dubai, and Shanghai Stock Exchange demonstrates the commitment to global collaboration and aims to bring the best practices and expertise from both sides, unlocking new opportunities for market participants in the evolving financial landscape.