News

Abu Dhabi deal aims to create Belt and Road hub

Shanghai-Stock-ExchangeThe Shanghai Stock Exchange is planning to open an exchange venue in Abu Dhabi in advance of the Belt and Road initiative, China’s ambitious global development strategy. The exchange has entered into a memorandum of understanding with the Abu Dhabi Global Market (ADGM) to cooperate on establishing a Belt and Road Exchange, designed to be an investment and financing centre for MENA-based issuers and investors. It has been estimated that the Belt and Road project, which aims to restore old trading links between China and other states in Europe and Asia, will require $900 billion a year of infrastructure investments over the next decade, the majority of it likely to be issued via debt instruments.  According to both the ADGM and the Shanghai exchange, the Belt and Road Exchange will serve as an international capital-raising platform supporting Chinese enterprises, foreign companies and global organisations to finance their investments. “We will work closely with our partner to better serve the ever-increasing capital and investment needs of both markets and our respective pools of international industry participants,” said Richard Teng, chief executive of the Financial Services Regulatory Authority of ADGM. ©2018 funds global mena

Executive Interviews

INTERVIEW: Protecting the investment

Nov 23, 2017

Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.

EXECUTIVE INTERVIEW: A natural interest in the topic

Mar 08, 2017

Since 2016, Guillermo Ortiz has been a chairman of Latin America’s BTG Pactual. The former central banker of Mexico talks to Nick Fitzpatrick.

Roundtables

ROUNDTABLE: Charting the pace of reform

Nov 23, 2017

Saudi Arabian index inclusion, the onset of taxes and the Dana Gas controversy were among the issues discussed by our cross-industry panel. Chaired by George Mitton in Dubai.

SOUTH AFRICAN ROUNDTABLE: Spirit of Ubuntu

Mar 08, 2017

The move to a three-day settlement cycle, the appearance of new stock exchanges, and recent rules on hedge funds were discussed by our panel in Cape Town. Chaired by George Mitton.