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TMX Group and Shanghai Clearing House sign MoU

First Published 21st June 2016

TMX Group and Shanghai Clearing House (SHCH) have announced the signing of a Memorandum of Understanding.

TMX Group and SHCH will form a working group to evaluate joint business opportunities, including the development of progressive market solutions and new products to support the growth of foreign investor participation in China's financial markets.

SHCH is recognized by the People's Bank of China as the Qualified Central Counterparty (QCCP) for Chinese commercial bonds. The two organizations will also work together to raise awareness and promote ongoing dialogue concerning RMB bond and offshore RMB topics.