NSX LIMITED (ASX:NSX) is pleased to announce that the National Stock Exchange of Australia (NSXA), Australia’s second largest listing stock exchange, and the Shanghai Equity Exchange (“SEE”), China’s largest over-the counter (“OTC”) equity market, today announce the signing of a strategic agreement. The two exchanges intend to offer growth companies an effective and efficient pathway to access global markets.
The Memorandum of Understanding (“MOU”) between the NSXA and SEE allows Chinese companies to rapidly expand their investor reach beyond China via the NSXA. The MOU covers three main parts:
- Information sharing – covering rules, SEE listings on NSXA, capital raising and regulatory requirements;
- Project cooperation – dual listing, capital raising solutions and NSX global service; and
- Financial cooperation – in Shanghai Free Trade Zone.
NSX Chief Executive Officer, Emlyn Scott, said “This is not only an historic day for both the SEE and NSXA, but for both China and Australia. China is Australia’s largest trading partner. It makes sense that the largest OTC equity exchange in China, which provides the platform for their high growth companies, should work closely with NSXA, which offers a premier global listing solution to rapidly growing companies.”
About the Shanghai Equity Exchange:
The Shanghai Equity Exchange was launched in 2012 and has rapidly grown to become the largest OTC market for non-public companies in China. The SEE is focused on servicing hi-tech start-ups and SMEs to allow capital raising and trading in non-public shares. The SEE was incorporated by the approval of Shanghai Municipal Government, is supervised by Shanghai Financial Services Office in accordance with the China Securities Regulatory Commission (CSRC).
Further information on the Shanghai Equity Exchange can be found at www.china-see.com
