The Egyptian Stock Exchagne (EGX) has hosted Tuesday morning the Shanghai Stock Exchange (SSE)’s delegation discussing methods for mutual cooperation. SSE is one of the oldest stock markets in the world and it is the world’s 5th largest stock market by market capitalization at US$2.7 trillion as of Dec 2010.
SSE officials discussed with the EGX Board the methods for the reactivating the Memorandum of Understanding (MOU) that was signed in January 2010. They also have tackled the ways of enhancing the knowledge cooperation between the two stock markets and of reviewing the application of the Exchange-traded Fund (ETF)’s double-entry bookkeeping system.
In the meanwhile, the SSE officials have commended the EGX’s legal and legislature rules which are strikingly similar to those of the global stock markets.