London Stock Exchange Group (LSEG) and Industrial and Commercial Bank of China (ICBC) have signed a MoU to enhance strategic cooperation.

The areas of focus include global financial markets, data and analytics, cross-border RMB, sustainable finance, and financial innovation.

The agreement builds on the long-standing partnership between the two institutions.

It establishes a framework for collaboration in capital markets, trading, clearing, data, RMB business, and emerging technologies.

Fiona Bassett, CEO of FTSE Russell, an LSEG business, said:

“By combining ICBC’s scale and influence with LSEG’s global data, trading and post-trade capabilities, we will be creating new opportunities for issuers, investors and institutions worldwide.”

Zhang Weiwu, Vice President at ICBC, said:

“We look forward to further deepening our relationship with LSEG. We aim to jointly advance financial innovation, market connectivity and cross-border RMB development, and to deliver concrete outcomes for UK–China cooperation and the broader global financial market ecosystem.”

Featured image credit: Edited by Fintech News Hong Kong, based on image by pch.vector via Freepik