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July 14 2018
During President Rouhani’s last visit to China, a memorandum of understanding was signed off between Securities and Exchange Organization and China Securities Regulatory Commission on 11 Jun, aimed to strengthen reciprocal cooperation and exchange technical expertise. Dr. Shapour Mohammadi, CEO of SEO, referring to the MoU, mentioned that cooperation with global organizations and enhancing constructive international interactions has always been high on SEO’s agenda. The document was signed by the Minister of Economic Affairs and Finance Masoud Karbasian as a part of cooperation agreements between the two countries. Dr. Mohamadi noted that both regulators were in constant contact in the past few years and to make it effective and formalized, they entered into a MoU to start a new chapter in their cooperation. The CEO went on to talk about the details of the MoU which encompasses areas including connecting the department of Research, Development and Islamic Studies of SEO to China Institute of Finance and Capital Markets, developing Islamic financial instruments for China and transferring Iran’s experience in the field, conducting comparative studies, holding mutual training workshops, exchanging views and experience regarding the two Iranian and the four Chinese commodity exchanges to boost mutual exportation, issuing Iran’s sovereign bonds in China to foreign investors as well as including Iranian institutions in the One Belt, One Road Initiative which is a huge program by China to revive the historic Silk Road as an economic belt. China has also agreed to assist the Iranian part in IT solutions and Fintechs as well as transferring their successful experience in handling justice shares.