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Jul 08, 2019

China-Belarus agreement aims to boost capital markets in both countries

Arrangement upgrades Belt and Road Initiative

The Shenzhen Stock Exchange (SZSE) and the Belarusian Currency and Stock Exchange (BCSE) have signed a memorandum of understanding (MOU) to boost their capital markets and upgrade the Belt and Road Initiative co-operation between China and Belarus.

Belarus is a so-called ‘hub state’ along the Belt and Road and an important economic and trading partner of China in the Eurasian region.

This development will deepen the partnership between China and Belarus and aims to boost trade and the economy as the two countries face new opportunities in technological innovation.

In recent years, the capital markets in China and Belarus have been strengthening communication and co-operation and actively exploring ways to facilitate the financing of enterprises in the two countries.

The BCSE is the only stock exchange in Belarus and offers a full range of services including issuance, trading, clearing, settlement, information products and technical support to stocks, foreign exchange, currency and futures.

According to the MOU, the two parties will establish a China-Belarus capital market co-operation mechanism on the basis of SZSE’s V-Next platform, leverage SZSE’s channel advantage and experience in innovation and entrepreneurship, and establish an effective financing mechanism for enterprises and investment institutions on both sides.

In addition, information display, market cultivation, joint research and product innovation will provide a platform for market players in the two countries to meet their demands for multi-level co-operation and better serve the co-ordination of the economic and social development strategies of both countries.

SZSE also says it will continue to serve the Belt and Road Initiative and the Guangdong-Hong Kong-Macao Greater Bay Area Strategy, further promote co-operation with global stock exchanges and continuously improve the cross-border investment and financing service system.

Also, an accompanying document to the MOU notes that the Great Stone Industrial Park – Belarus’ new approach to attract future investment targeting high-tech industries – has played a leading role in the joint building of the Belt and Road.