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ABU DHABI / WAM
Abu Dhabi Global Market (ADGM) and Shanghai Stock Exchange (SSE), China’s largest securities exchange, signed a MoU to cooperate on the establishment of a ‘Belt and Road’ exchange at ADGM.
The cooperation harnesses Abu Dhabi’s strategic position along the Silk Road Economic Belt, ADGM’s best-in-class regulatory regime and SSE’s position as a growing global exchange. The international exchange will fulfil the investment and financing needs for issuers, investors and market participants within the Mena region, along the Belt-and-Road route, and globally.
The MoU marks the successful culmination of a close relationship developed between ADGM and SSE, including on-site visits and extensive engagement with key stakeholders in both markets that covered a wide spectrum of focus areas including regulatory requirements, legal frameworks, alongside investment requirements of potential local and global market participants.
When established, the Belt and Road exchange in Abu Dhabi will serve as a key international capital-raising platform supporting Chinese enterprises, foreign companies and global organisations to finance their investments.