Major Japanese and Chinese Exchanges Shake Hands on Active Market Collaboration

Major Japanese and Chinese Exchanges Shake Hands on Active Market Collaboration

On Wednesday, the China Financial Futures Exchange Co. Ltd. (CFFEX) and the Japan Exchange Group, Inc. (JPX) announced that they have signed a memorandum of understanding (MoU) that will strengthen the derivatives market cooperation in and between both countries.

The MoU will enable both exchanges to collaborate on promotional activities and potential future initiatives. The union will push Chinese and Japanese investors to trade with derivatives that are listed in both of the major markets. Also, both exchanges will be allowed to provide details and information about each other.

The CEO of JPX Group, Kiyota Akira, commented that he hopes that this agreement will make all listed derivatives (on both sides) more convenient and accessible to both markets, mainly by “improving the liquidity of ETFs listed under the Japan-China ETF Connectivity scheme,”

Meanwhile, last year the Japan Exchange Group, Inc notably signed another memorandum of understanding with the Shenzhen Stock Exchange (SZSE), which resulted in the establishment of Japan-China ETF Connectivity*1. The specific date of this was 25 January 2021.

With the next move that just happened, the Chinese-Japanese financial cooperation will continue to grow, mainly in ETF promotion and usage. Both sides are looking forward to any future deals and developments both inward and outward.

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