The Shenzhen Stock Exchange and the Korea Exchange signed a Memorandum of Understanding (MOU) on 27 October, 2014 in Seoul. Mr. Wu Lijun, Chairman of the Shenzhen Stock Exchange and Dr. Kyungsoo Choi, Chairman and CEO of the Korea Exchange signed the MOU representing each exchange.

Mr. Wu noted that the Shenzhen Stock Exchange and the Korea Exchange are both committed to developing multi-tiered capital markets with many similarities in market structure. In recent years, China and ROK have built closer economic ties and economic cooperation forged ahead in many fronts. As a result, the need for cooperation in capital markets has become more urgent than ever before. Mr. Wu also said that the new MOU makes breakthroughs in product development, and cross-listing of products.

Dr. Choi pointed out that the MOU sets forth new commitments on cooperating areas such as cross-listing of index products, development of a common index, and joint research projects regarding development of bond market, development of off-shore Chinese Yuan product, support for SMEs and dual listing.

About Shenzhen Stock Exchange

The Shenzhen Stock Exchange operates a multi-tiered capital market to facilitate fund-raising for companies of different sizes and at different stages of growth. It now lists 1,595 companies, with 480 on the Main Board, 723 on the SME Board and 392 on the ChiNext Market. The total market capitalization of listed companies was valued at US$1.9 trillion. The SZSE has initiated asset-backed securities for infrastructure projects and microloan companies in support of the real economy. The SZSE also created a private placement bond market for unlisted SMEs. The SZSE also operates an all-in-one information disclosure and investor education portal, integrating all corporate disclosure documents, a mock trading system, analytical tools and interactive dialogues with corporate executives. To learn more, please visit www.szse.cn/main/en for general information and http://irm.cninfo.com.cn/szse/ for interactive corporate disclosure and investor relation services.

About Korea Exchange

Korea Exchange is the sole securities and derivative market in ROK. KOSPI Market is one of the leading equity markets and KOSDAQ Market is a representative SME market in the world. KOSPI 200 options used to be the mostly traded equity index option and KOSPI 200 futures also ranks 10th among equity index futures products in the world in 2013. It now lists 1,848 companies, with 1,013 on the Main Board, 773 on the SME Board and 62 on the KONEX Market. The total market capitalization of listed companies was valued at KRW 1,343 trillion (Aug 2014). To learn more about KRX, please visit http://eng.krx.co.kr.