Home Insider Insider News China’s Shenzen Stock Exchange Eyes Myanmar Cooperation

China’s Shenzen Stock Exchange Eyes Myanmar Cooperation

The Shenzen Stock Exchange (SZSE), the largest stock exchange in China by trading volume, wants to cooperate in the capital market with Myanmar, according to the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI).

“Myanmar is a developing country that shows lots of prospects. We wish to cooperate in the capital market and want to invite to invest in China”, said Wan Jianjum, President and CEO of the SZSE. Wan Jianjum and other members visited Myanmar to meet with officials from the UMFCCI on August 14 and discussed the potential to cooperate in the capital market.

Launched in 1991, the SZSE is the 8th largest stock exchange in the world and has more than 2000 listed companies. It is one of China’s three stock exchanges, alongside the Shanghai Stock Exchange and Hong Kong Stock Exchange.

The Shenzen Stock Exchange has contributed enormously to the development of Chinese financial sector as well as the economy and market access of the country, according to Wan Jianjum. “It will be beneficial for Myanmar businessmen to seek in-depth knowledge about the SZSE and issue bonds on it”, said Dr Maung Maung Thein, advisor to the UMFCCI.

Myanmar’s capital market is still in its embryonic stages. The country laun- *ched its first ever stock exchange in December 2015, and the bourse started trading on March 25, 2016. Currently there are four companies trading on the Yangon Stock Exchange, the only one stock market in Myanmar.