The Korea Exchange (KRX) says it has executed a comprehensive memorandum of understanding with the Bank of China.
It focuses on the expansion of off-shore yuan currency markets. The agreement addresses items such as cooperation on listing of yuan-denominated currency products on the KRX market, and collaborative research and development of yuan-denominated products.
It also covers support measures by the KRX that
will enable staff at of the Bank of China to get a better understanding of the
Korean capital market.
The pair also agreed to cooperate in the KRX marketing activities. For example, listing conferences where the KRX invites customers of the Bank of China that have an interest in listing their shares in Korea.