The Tokyo Stock Exchange is planning to conclude broad business tieups with China's Shanghai and Shenzhen stock exchanges next year, TSE officials said Tuesday.
While the agreements will focus on the exchange of trade-monitoring information, the TSE is considering allowing member brokerages of the three exchanges to trade on each other's markets, the officials said.
The TSE also hopes to mutually list stocks traded on the three exchanges.
The Shanghai Stock Exchange and the Shenzhen Stock Exchange are eager to gain the TSE's management knowhow in order to prepare for China's expected entry into the World Trade Organization later this year.
The TSE, for its part, is expanding partnerships with major stock exchanges in Asia to compete with U.S. and European markets. In August, the TSE concluded a tieup a with the Australian Stock Exchange, its seventh partner in Asia.
New Net stock trader
Aizawa Securities Co. will launch on Thursday an Internet-based stock-trading system connecting Japan, South Korea, Taiwan and Hong Kong.
The midsize, Tokyo-based brokerage house has tied up with Dongwon Securities Co. of South Korea, Capital Securities Corp. of Taiwan and Hong Kong's Taifook Securities Co. as well as the Japan Asia Securities Group for the Asia Stock E-xchange Network.
Japanese investors looking to buy or sell stocks traded on the three Asian markets can open online trading accounts with Aizawa and place orders through them.
Asian investors can likewise place orders for Japanese stocks with Aizawa through the four partners.
Basic trading fees are 1,500 yen for each order worth up to 30 million yen.