(Alliance News) - London Stock Exchange Group PLC on Tuesday said it signed a memorandum of understanding with Shenzhen Stock Exchange.

The MoU is aimed at facilitating more cooperation between the stock exchanges, to support capital markets growth in the UK and China.

"The MoU signing between SZSE and LSEG is not only a progress summary of the close cooperation between the two exchanges, but also a starting point for higher-level cooperation. We hope that the two exchanges will continue to deepen pragmatic cooperation in multiple fields and enhance the ability of the capital market in serving the real economy of the two countries," said Shenzhen Stock Exchange Chief Executive Sha Yan.

LSEG said both parties will promote opportunities for companies that aim to contribute to the "green economy". It added: "LSEG and SZSE will explore the development of richer data sets and indices to help investors better understand the Chinese markets."

London Stock Exchange Group shares were 1.1% lower at 7,434.00 pence each on Tuesday morning.

By Tom Budszus, Alliance News reporter

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