The Philippine Stock Exchange Inc. (PSE) said it signed a memorandum of understanding (MOU) with Taiwan Stock Exchange (TWSE) to strengthen the relationship between the two bourses.
PSE president and chief executive Ramon Monzon and TWSE chairman Sherman Lin led the MOU signing on Aug. 20, 2024 at TWSE headquarters in Taipei.
Under the MOU, the PSE and TWSE will collaborate on product development and market promotion and share best practices in areas such as regulations, ESG practices and market trends.
“I believe this MOU is a good starting point for the relationship between PSE and TWSE and is key to fostering the friendship recently formed between us and exploring mutually beneficial endeavors for the two bourses. TWSE’s insights on product and technology development, regulatory and sustainability initiatives will serve as invaluable inputs to our Exchange,” said Monzon.
The PSE and TWSE will form a working group to carry out the objectives in the areas of cooperation covered by the MOU.
The PSE also signed an MOU with Shenzhen Stock Exchange last year to broaden the strategic alliance and strengthens the relationship between the two bourses.
Under the agreement, the PSE and SZSE will promote investing in the counterparty’s stock market as well as share information on regulatory practices, market development and information technology.
The two exchanges will also pursue initiatives on market connectivity through cross-border product development. Specific undertakings, if pursued, will be subject to the signing of definitive agreements and regulatory approvals. Jenniffer B. Austria
The PSE also previously signed an MOU with the New York Stock Exchange, Ho Chi Minh Stock Exchange and Hanoi Stock Exchange.
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