10/03/2022

LuxSE and MOX sign cooperation agreement


The Luxembourg Stock Exchange (LuxSE) and Chongwa (Macao) Financial Asset Exchange Co., Ltd. (MOX) today marked the signing of a cooperation agreement between the two institutions. The agreement follows the Memorandum of Understanding signed by the two parties in January 2020, and focuses on enhancing the visibility of securities listed on MOX towards international investors.

Building bridges between financial markets

 
The Luxembourg Stock Exchange has long-standing relationships with the leading Chinese banks, of which many have chosen Luxembourg as the hub for their European operations. This new cooperation agreement aims to facilitate access to LuxSE for Chinese corporate issuers in the Greater China region by establishing a channel for securities listed on MOX to be registered on LuxSE’s Securities Official List.

“We are pleased to mark this cooperation agreement with Chongwa Macao Financial Asset Exchange and continue to build on the MoU we signed two years ago. Cross-border cooperation among exchanges is an important aspect of making capital markets more inclusive and supporting a more sustainable, real economy. Together, we will work to bring global capital markets closer together,” commented Julie Becker, CEO of LuxSE.
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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.