More co-op between Shanghai, HK stock exchanges

Gui Minjie, the chairman of the Shanghai Stock Exchange, says it plans to speed up its internationalization process by strengthening cooperation with Hong Kong Stock Exchange.

Investment products co-developed by the two, such as cross-border Exchange Traded Fund, have already been welcomed by investors, Gui told a press conference on the sidelines of the 18th National Congress of the Communist Party of China on Sunday.

In September, the Shanghai, Hong Kong and Shenzhen exchanges established a joint venture to offer financial products and services.

The three have also agreed to launch a comprehensive index by the end of this year, to reflect share prices on all three markets.