Shanghai's financial infrastructure made significant international strides during the 8th China International Import Expo (CIIE). The Shanghai Clearing House (SCH) became one of the first domestic members of the Belt and Road Bank-to-Bank Regular Cooperation Mechanism (BRBR), while the Shanghai United Assets and Equity Exchange (SUAEE) signed a strategic cooperation agreement with China (Macau) Financial Asset Exchange Co., Ltd. (Macau Exchange), jointly exploring a new cross-border industrial-finance coordination model powered by technology. These initiatives aim to enhance financial and market services across the Yangtze River Delta, the Guangdong-Hong Kong-Macao Greater Bay Area, and Belt and Road economies.

At the Hongqiao International Economic Forum sub-forum on “Financial Support for Global Supply Chain Stability,” co-hosted by the Ministry of Commerce, Shanghai Municipal Government, ICBC, and the BRBR mechanism, SCH Chairman Ma Jianyang participated in a formal induction ceremony alongside representatives from financial infrastructure institutions in seven countries and regions. Established in 2017 under the guidance of the People's Bank of China and led by ICBC, BRBR now encompasses nearly 200 members and observers from about 80 countries and regions, structured around four working groups: green finance, fintech, investment and financing, and inclusive finance.

By contributing core services such as central counterparty clearing, bond registration and custody, and RMB product valuation, SCH will strengthen cross-border connectivity among Belt and Road financial market infrastructures and increase the global reach of RMB-denominated assets.

On November 6, SUAEE Vice Secretary of the Party Committee and General Manager Xu Yan and Macau Exchange Market Development Director Li Xuan signed the strategic cooperation agreement. The collaboration will leverage SUAEE’s expertise in equity, assets, and technology transactions alongside Macau Exchange’s platform for international bonds and financial assets. Key areas include full lifecycle services for cross-border asset transactions, technology commercialization, and development of international cooperation mechanisms, with the potential establishment of a “Shanghai-Macau Technology and Intellectual Property Exchange Center.” Witnessing the signing were representatives from Southern Light Group Co., Ltd., the only central enterprise headquartered in Macau, and senior executives from Shanghai Exchange Group.

Through both multilateral mechanisms and bilateral partnerships, Shanghai’s financial infrastructure is extending its reach with practical applications in international asset and clearing services. SCH will collaborate with BRBR members on green bonds, cross-border clearing standards, and RMB-denominated interest rate and FX products. Meanwhile, SUAEE and Macau Exchange aim to integrate regional asset markets across the Yangtze River Delta and the Greater Bay Area, supporting more efficient market operations, cross-border capital flows, and technology-driven financial services.

These developments provide global financial institutions, asset managers, and corporate investors with clearer pathways for engagement, offering access to standardized and well-structured cross-border market mechanisms, enhanced risk management, and collaboration opportunities in both mature and emerging Asian markets.