Swiss president's visit to China strengthens bilateral financial relations

Financial entities from Switzerland signed two memorandums of understanding with Chinese counterparts on Tuesday, as visiting Swiss President Ueli Maurer embarked on a weeklong trip to China to deepen the "already very good" bilateral relations.

This included an updated MOU between the Shanghai Stock Exchange and the SIX Swiss Exchange, under which the pair agreed to assess the feasibility of listing securities such as depository receipts on their respective markets.

The depositary receipts would allow companies listed on either bourse to tap into each other's liquidity pools.