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, 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.