SIX and China Construction Bank Corporation (CCB) have signed a Memorandum of Understanding (MOU) to develop cooperation on securities services topics and to foster a continuing relationship between the parties. The signing ceremony took place in Beijing, China, at SIBOS.
Based on the terms of the MOU, SIX and CCB share three main purposes: the establishment of business relationships between CCB and different business areas of SIX (in particular in the fields of Securities Services and SIX Swiss Exchange), the further internationalization of Switzerland’s financial services market, and the collaboration between CCB and SIX in the following areas: know how exchange, evaluation of joint market presence activities with regards to the business relationships, and product and market development.
Both CCB and SIX are interested to jointly explore potential for co-operation and collaborate together. That’s why they agree to establish a system for periodic meetings of management for both parties and strengthen personnel communication.
Fintech News: Ex-SVB bankers are being hired by HSBC to focus on the US “innovation economy
Jos Dijsselhof said: “This agreement is a step forward in expanding our reach in Asia, a dynamic region full of business opportunities. We look forward to working together to explore opportunities for co-operation in the securities services field that are positive for both sides and for the financial services industry.”
CCB Group is looking forward to deepening the already excellent relationship with SIX Group, and together exploring further opportunities for collaboration, in the spirit of mutual benefit.
Fintech News: Returning with a focus on AUM Growth Education, the Fearless Investing Summit
Source – Six-group
To share your insights with the FinTech Newsroom, please write to us at news@intentamplify.com
