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PSE says partnerships talks with Shenzhen bourse are preliminary

Philippine Stock Exchange Inc. clarified that talks about possible tie-ups between the stock exchange and the Shenzhen bourse are only preliminary at this stage.

The stock exchange was responding to reports regarding the possible partnership. Shenzhen Stock Exchange Director Liu Fuzhong was quoted by newspapers as saying that "there is a very strong consensus that two capital markets should be working together."

Liu said the two parties have not "determined the exact projects the two exchanges will be working on," as reported by The Manila Times on Dec. 8.

Ramon Monzon, president and CEO of the Philippine bourse, said in October that PSE was looking to bring on the Shenzhen bourse as a new investor.