Dubai - Mubasher: Nasdaq Dubai has inked a strategic cooperation agreement with Hong Kong-based Zhongtai Financial International and Beijing Tian Tai Law Firm in Shanghai to help Chinese companies wishing to list on Nasdaq Dubai.
Under the agreement, the three entities will support and guide Chinese companies seeking to conduct initial public offerings (IPO) on Nasdaq Dubai and list bonds, real estate investment trusts (REITs), funds, and other securities, according to a press release on Wednesday.
Meanwhile, the deposit of securities into the exchange’s Central Securities Depository will be covered.
Since 2014, the Middle East’s international financial exchange has welcomed 19 debt issuances worth $11.3 billion from Chinese companies.
These debt issuances include two bonds valued at $1.2 billion listed by the Hong Kong branch of China Construction Bank in August 2020.
Commenting on the agreement, the Chief Executive of Nasdaq Dubai and Deputy Chief Executive of Dubai Financial Market, Hamed Ali, said: "Investors are eager to support Chinese enterprises that are active inside China’s growing economy as well as pursuing dynamic Belt and Road initiatives."
The Chairman and CEO of Zhongtai Financial International, Gao Feng, remarked: "Nasdaq Dubai’s extensive investor links and location in Dubai as the Middle East’s business and finance hub make it an ideal platform for Chinese issuers, as they increasingly see the value of an overseas listing to take their business to the next level."
