(MENAFN) On Monday, the Asian giant's Shanghai Stock Exchange inked a deal in principle with the Abu Dhabi Global Market (ADGM).
The partners signed a memorandum of understanding (MoU) to boost the platform in Abu Dhabi.
"We are very excited and pleased to enter into this MoU with Shanghai Exchange to establish a Belt and Road Exchange," Richard Teng, chief executive of ADGM's Financial Services Regulatory Authority, told CNBC on Tuesday.
The joint exchange is aimed at supporting businesses and investors along the Belt and Road.
"What we are looking at is a platform serving the Middle East, North Africa and South Asia region (and) serving the Belt and Road economic route," he said.
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