According to the Shanghai Stock Exchange, recently, the Shanghai Stock Exchange and the Singapore Stock Exchange formally signed a Memorandum of Understanding on ETF product exchange cooperation, marking a new step in Sino-Singapore capital market product cooperation and reaching a new level of cross-border product interconnection business. According to the Memorandum of Understanding on Cooperation, Shanghai and New Zealand will focus on strengthening sincere cooperation in ETF product exchange, supporting Sino-Singapore market institutions to cooperate in developing ETF exchange products, and provide investors from both countries with diversified cross-border investment options.