L-R: Robert Scharfe, CEO of LuxSE; Julie Becker, Deputy CEO of LuxSE; Credit: LuxSE

The Luxembourg Stock Exchange (LuxSE) and Shanghai Stock Exchange (SSE) have made a joint donation of 40,000 pairs of medical gloves to Luxembourg's Ministry of Health to support healthcare workers in hospitals and medical centres across the country in the fight against COVID-19.

The 40,000 pairs of medical gloves were sourced and shipped to Luxembourg from China and comply with both Chinese and international standards for medical equipment. The two stock exchanges worked closely together with the Embassy of Luxembourg in Beijing and the Consulate General of Luxembourg in Shanghai to organise the transport of the equipment in the midst of a global pandemic. The Ministry of Health in Luxembourg will distribute the medical gloves as appropriate, and based on needs.

Robert Scharfe, CEO of LuxSE, explained: “This joint donation shows that the collaboration between our two institutions is about more than business and highlights the important bridges that are being built between China and Luxembourg, beyond financial markets. Countries across the world are suffering from the enormous social and economic consequences of this pandemic, and it is positive to see that companies try to support each other on a human level". 

LuxSE has longstanding relations with China-based Shanghai Stock Exchange. In 2018, the two exchanges established the Green Bond Channel, which gives international investors access to data and information in English on Chinese domestic green bonds listed in Shanghai, thereby facilitating access to international capital markets and supporting the growth of green bonds in China.

The recent and joint donation to frontline workers in Luxembourg illustrates that the two stock exchanges have built solid bridges that go beyond purely business concerns. This donation to Luxembourg's Ministry of Health follows an initial donation of face masks from LuxSE to SSE in February, when China was the epicentre of the COVID-19 pandemic.