News

SSE and B3 agree to greater exchanges of investment data

The Shanghai Stock Exchange (SSE) and the Brazilian stock exchange, B3, have agreed to increase their exchanges of investment data, Yicai Global reports.

The Chinese financial news website quotes the SSE as saying two subsidiaries, Infonet and China Investment Information Services, will be in charge of compiling Chinese market data and sharing it with B3.

The report says B3 and China Investment Information Services struck a deal in June, which made China Investment Information Services the official manager and issuer of B3 market data in Mainland China.

The SSE and the predecessor of B3, BM&FBovespa, held meetings between 2010 and 2012 in Shanghai and in Rio de Janeiro to build bridges between the Brazilian and Chinese capital markets, Yicai Global says.