The Warsaw Stock Exchange (WSE) has entered into an agreement with Haitong Bank in China to share capital market data.
The agreement is set to “provide mutual exchange of information about the prevailing situations on the capital markets in which both institutions operate.”
Haitong Bank currently carries out large-scale operations in Poland, and an official visit from Xi Jinping, the president of the People’s Republic of China, confirmed Warsaw “is the natural choice for Beijing”.
Bartłomiej Dmitruk, senior country officer of Haitong Bank in Poland, said the agreement is a step forward in building a bridge between Chinese and Central and Eastern European (CEE) markets.”
He added: “The Haitong ownership is significant on the Polish market because of the owner’s brokerage experience from China stock exchange markets and a strong capitalisation of the Group.”
Małgorzata Zaleska, CEO at WSE said: “The aim of the agreement with Haitong Bank is to initiate a closer, mutually beneficial relationship.”
She concluded: “Its effect, in addition to a better understanding of existing situations on the markets in which we operate, will be a deepened relationship with key stakeholders not only in the People’s Republic of China, but also in the whole of Asia”