NZX
21/11/2014 14:44
GENERAL
REL: 1444 HRS NZX Limited
GENERAL: NZX: NZX establishes relationship with Bank of China
NZX has today signed a Memorandum of Understanding (MOU) with the Bank of
China Limited, one of the largest state-owned commercial banks in the
People's Republic of China.
NZX and the Bank of China will work together to explore opportunities to
develop and promote products relevant to New Zealand and Chinese customers.
The memorandum will assist with strengthening NZX's relationships in China,
and create growth opportunities for both NZX and the Bank of China,
particularly in the agricultural and capital markets.
NZX CEO Tim Bennett commented: "The establishment of a formal relationship
with the Bank of China highlights our desire to build strong capital markets
and make a meaningful difference in wealth creation for domestic and
international investors. As China is New Zealand's largest export market, it
is important to build relationships and establish communication channels with
Chinese based companies."
The signing of the memorandum was witnessed by Prime Minister John Key and
Chinese President Xi Jinping at a commercial signing ceremony for New Zealand
and Chinese businesses held this afternoon in South Auckland.
For further information please contact:
Kate McLaughlin
Corporate Communications
M: 027 533 4529
E: [email protected]
End CA:00257966 For:NZX Type:GENERAL Time:2014-11-21 14:44:48
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