The Shanghai Stock Exchange (SSE) and the Qatar Stock Exchange (QSE) recently signed a Memorandum of Understanding (MOU) to further strengthen business cooperation and exchanges in the capital market.

Qatar was among the first countries to support and join the Belt and Road Initiative, and it established the first renminbi clearing center in the Middle East in Doha in 2015. SSE expressed its delight at partnering with QSE, saying it looks forward to deepening communication and exploring cooperation opportunities in areas such as exchange traded fund (ETF), data, and index products, as well as collaborating on sustainable development initiatives.

QSE hopes to leverage the MOU with SSE to integrate its businesses, driving mutual innovation and growth in the capital market. This MOU represents a further development of QSE's business in China, enabling it to explore new services and products, seize cooperation opportunities in related fields, and better meet the needs of local and global investors.

Moving forward, under the unified deployment of the China Securities Regulatory Commission, SSE will continue to explore diversified cooperation mechanisms with exchanges in the Middle East and strengthen bilateral cooperation, further contributing to high-level institutional opening-up.