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Friday,  Dec 15,2017,22:55 (GMT+7)

Vietnam, China boost capital market connection

Hung Le
Wednesday,  Dec 6,2017,23:48 (GMT+7)
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Vietnam, China boost capital market connection

Hung Le

Representatives of Shenzhen Securities Information Co Ltd and the HCMC branch of Bank of China shake hands after signing a cooperation deal - PHOTO: HUNG LE

HCMC – Shenzhen Securities Information Co Ltd, a wholly-owned subsidiary of the Shenzhen Stock Exchange, and the HCMC branch of Bank of China signed a cross-border financial service cooperation agreement on December 5 to strengthen capital markets between Vietnam and China.

In the agreement, they will establish a cross-border capital service mechanism providing an efficient and transparent information platform to connect Chinese capital with Vietnamese innovative projects.

The signing ceremony took place during the China-Vietnam Capital Cooperation Forum, held by the Shenzhen Stock Exchange, Bank of China’s HCMC branch and the China Hi-Tech Zone Technology Financial Information Service Platform.

The event aims at accelerating cooperation between the two countries’ capital markets, promoting two-way capital flow and supporting small and medium-sized enterprises (SMEs) in both countries.

During the event, all delegates agreed to support the China-Vietnam SMEs Growth Roadmap, an action plan to support cooperation in the SME sector between the two countries. They stressed the importance of capital markets to companies at different stages of development.

Participants at the forum shared a vision to build a China-Vietnam capital market ecosystem in which exchanges, brokerages, companies and investors could give better capital information to SMEs.

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