Luxembourg, Macao Stock Exchanges Sign New Cooperation Agreement

During the official visit of the Macao Special Administrative Region (SAR) to the Grand Duchy this week, the Luxembourg Stock Exchange (LuxSE) and Chongwa (Macao) Financial Asset Exchange Co, Ltd (MOX) seized the opportunity to sign a new cooperation agreement.

In the presence of Ho Iat Seng, Chief Executive of Macao SAR, Hua Ning, Ambassador of the People's Republic of China to Luxembourg, and Marc Huebsch, Luxembourg Ambassador to China, LuxSE and MOX joined forces on Monday 24 April 2023 for the third time to sign a cooperation agreement that extends the scope of the two international exchanges' collaboration to include the admission of MOX-listed securities for listing and trading on LuxSE's exchange-regulated market, the Euro MTF. 

"It is an honour to welcome senior representatives of Macao SAR and MOX to our exchange today to celebrate this next important step in the cooperation between our two institutions. Creating more connected capital markets is at the heart of LuxSE's mission and we work to facilitate the access of new issuers from different parts of the world to our Euro MTF through close cooperation with selected exchanges, thereby providing more information and transparency around opportunities in new markets to international investors," commented Julie Becker, CEO of LuxSE.

The relationship between LuxSE and MOX began in January 2020 when the two institutions signed a memorandum of understanding (MoU) in Macao. This MoU was followed by the signing of a first cooperation agreement in 2022, which focused on enhancing the visibility of securities listed on MOX towards international investors via admissions on LuxSE's Securities Official List (LuxSE SOL). The new cooperation agreement expands the scope of this cooperation by making the securities listed and available for trading on LuxSE's Euro MTF.

"Under the strong support and guidance of the Macao SAR Government, MOX and the Luxembourg Stock Exchange have established a long-term, stable and mutually beneficial partnership. Up to now, there are over 17 billion MOP-denominated bonds dual-listed on MOX and the Luxembourg Stock Exchange," added Mex Zhang, Executive Chairman and President of MOX. "MOX looks forward to exploring new opportunities for innovation and cooperation in financial markets with the Luxembourg Stock Exchange to improve the liquidity of the two capital markets and strengthen strategic cooperation in green finance to provide a new model for the international financial cooperation of One Belt and One Road Initiative."

MOX, officially established in 2018, is Macao's only exchange and facilitates bond issuance, listing, trading and settlement services.

Founded in 1928, LuxSE has become a leading exchange for the listing of international debt securities. According to LuxSE, it has a strong focus on international cooperation and works closely with selected exchanges around the world to create more connected capital markets and facilitate access to the international investment community for issuers.