Brazilian exchange BM&F Bovespa and China’s Shanghai Stock Exchange (SSE) have intensified cooperation between the two exchanges with a second forum aimed at exploring cooperation in emerging markets.
Zhang Yukun, SSE president, and representatives of BM&F Bovespa had already signed an agreement at a previous event in February, in which both sides agreed to cooperate on information sharing, product development, trading platform construction and exchanging personnel.
At the second China-Brazil Capital Markets Forum, held in Shanghai last week, the two exchanges discussed the challenges and opportunities of investing in emerging markets, as well as investor education and protection.
Marcos Caramuru, ambassador of the Consulate General of Brazil in Shanghai, and Edemir Pinto, CEO of BM&F Bovespa, attended the forum presided over by Zhou Qinye, SSE chief accountant.
Zhang Yujun said China had become the biggest source of foreign direct investment into Brazil.