Zhong Guo Ji Jin Bao·2025-11-20 01:08Group 1 - The core viewpoint of the news is the signing of a memorandum of cooperation between China Merchants Fund, Smart (a subsidiary of the New Zealand Stock Exchange), and the New Zealand branch of the Bank of China, aimed at enhancing the connectivity and integration of the capital markets between China and New Zealand [1][2] - Smart, established in 1996, is the first ETF issuer in New Zealand, managing over 150 billion NZD in funds and offering 44 ETF products focused on various markets including New Zealand, Australia, the US, and global stocks [1] - The cooperation is expected to deepen understanding of the New Zealand market and its investors, and to develop cross-border investment products that meet the needs of investors from both countries, thereby enriching the international product system [1] Group 2 - Mark Peterson, CEO of the New Zealand Stock Exchange, emphasized that this year marks the beginning of the second decade of the comprehensive strategic partnership between China and New Zealand, highlighting the strong bilateral relationship [2] - The Bank of China has been a proactive promoter of financial cooperation between China and New Zealand, aiming to leverage its cross-border financial advantages to facilitate capital connectivity between the two countries [2] - The signing of the memorandum is seen as a significant milestone in deepening financial cooperation and a practical exploration of the integration of the capital markets between China and New Zealand, with plans to continuously improve the cross-border product system [2]