Focus on Chinese corporate issuers
As a result of this cooperation, LuxSE has welcomed bonds totalling USD 1.9 billion from 5 Chinese corporate issuers that are using MOX as their primary listing venue, including one green bond from the Wuxi Construction and Development group.
“We sincerely hope that with the deepening of the MOX and LuxSE cooperation, the two parties can guide the financial market together, increase liquidity in two capital markets and link Asia and Europe together. This is not only a key step in the internationalisation process of MOX, but also an important measure to diversify Macao's economy,” stated Mex Zhang, Executive Chairman and President of MOX.
The cooperation agreement was announced at the Joint Conference on Development and Outlook of Macao, China and Offshore Financial Markets Under the Belt and Road (B&R) Initiative, organised by Chongwa (Macao) Financial Asset Exchange Co., Ltd, the Luxembourg Stock Exchange and China International Capital Corporation Limited on 10 March 2022, in the presence of China’s ambassador to Luxembourg HE Yang Xiaorong and Luxembourg’s ambassador to China HE Marc Hübsch.