Shanghai, Tel Aviv Stock Exchanges sign cooperation agreement

The Shanghai Stock Exchange and the Tel Aviv Stock Exchange signed a memorandum of understanding on Monday, according to a statement put out by the two bodies. The cooperation agreement was described as "yet another reflection of the interwoven and close ties between the two countries." As part of the deal, delegations will be exchanged, in order to "deepen Israeli businessmen' knowledge of the Chinese market and Stock Exchange and vice versa." The aim of these visits will be to "generate and promote interest in" both the Shanghai Stock Exchange and the TASE, and to encourage stimulation of both markets.