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Economics & Development | Global Arab Network
Qatar, China strengthening capital market relationship
Global Arab Network - - Asif Khalifa
Tuesday, 13 November 2012 16:32
Qatar and China are seeking to strengthen their relationship in the capital markets especially in light of the high growth achieved by both countries and their desire to attract foreign investments, Global Arab Network reports according to local media.

A Chinese delegation, headed by Jiang Yang, vice chairman of the China Securities Regulatory Commission (CSRC) and Yang Maijun, chairman of Shanghai Futures Exchange (SFE), yesterday held talks with Qatar Exchange officials.
“We look forward to a long and mutually beneficial working relationship with both the SFE and the CSRC,” QE CEO Rashid bin Ali al-Mansoori said.

China is such an important global market place for Qatar and by having the delegation visit the exchange shows the importance of dialogue and discussion in moving the relationship between the entities forward, according to him.

He said QE was going through various development stages, especially after entering into a strategic partnership with NYSE Euronext.
The latest initiatives that QE had undertaken were introducing new diversified traded products, enhancing the technological infrastructure and developing legislative framework in order to provide different investors with diversified investment tools, including the ETF’s (exchange traded fund) and REIT’s (real estate investment trusts) and enhance the principles of transparency in the market in preparation for the anticipated development in Qatar’s capital market.

Yang emphasised on the importance of strengthening the bilateral relation to consolidate the capital markets, especially in view of high growth in both the countries and the need to attract foreign investments.
The daily trading volume in the Chinese securities market is over $20bn in which the individual trading volume accounts for about 80%, according to him.

SFE is one of China’s largest futures markets and it is specialised in futures contracts in copper, aluminium, zinc, natural rubber, fuel oil, and gold. The turnover of China’s futures market hit $21.39trn during the first 10 months of 2012, a year-on-year increase of 18.84%, latest data has indicated.

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