MACAO/LUXEMBOURG: The Luxembourg Stock Exchange (LuxSE) and Chongwa (Macao) Financial Asset Exchange Co., Ltd. (MOX) in March signed 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.

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 HEMarc Hübsch.

About the Luxembourg Stock Exchange

The Luxembourg Stock Exchange (LuxSE) is the gateway to access international investors. With more than 37,000 listed securities, including 33,000 debt instruments, from 2,000 issuers in 100 countries, LuxSE is one of the world’s leading exchanges for the listing of international debt securities and offers a unique and integrated service offering covering listing, trading and information services.

In 2016, LuxSE launched the Luxembourg Green Exchange (LGX) and became the first exchange in the world to operate a platform dedicated entirely to sustainable securities. LGX has become a meeting place for issuers of sustainable products and impact-conscious investors, and encompasses more than 1,200 green, social, sustainability and sustainability-linked bonds from 230 issuers in 50 countries.

—For more information, visit www.bourse.lu