The 40,000 pairs of medical gloves were sourced and shipped to Luxembourg from China, and comply with both Chinese and international standards for medical equipment. The two exchanges worked closely together with the Embassy of Luxembourg in Beijing and the Consulate General of Luxembourg in Shanghai to organise the transport of the equipment in the midst of a global pandemic. The Ministry of Health in Luxembourg will distribute the medical gloves as appropriate, and based on needs.

“This joint donation shows that the collaboration between our two institutions is about more than business and highlights the important bridges that are being built between China and Luxembourg, beyond financial markets. Countries across the world are suffering from the enormous social and economic consequences of this pandemic, and it is positive to see that companies try to support each other on a human level,” explained Robert Scharfe, CEO of the Luxembourg Stock Exchange.

Beyond Business

The Luxembourg Stock Exchange has longstanding relations with China-based Shanghai Stock Exchange. In 2018, the two exchanges established the Green Bond Channel, which gives international investors access to data and information in English on Chinese domestic green bonds listed in Shanghai, thereby facilitating access to international capital markets and supporting the growth of green bonds in China.

The recent and joint donation to frontline workers in Luxembourg illustrates that the two stock exchanges have built solid bridges that go beyond purely business concerns. This donation to the Luxembourg Ministry of Health follows an initial donation of face masks from the Luxembourg Stock Exchange to Shanghai Stock Exchange in February, when China was the epicentre of the COVID-19 pandemic.

With these donations and the mutual support shown in times of extreme uncertainty, the relationship between the Luxembourg Stock Exchange and the Shanghai Stock Exchange has grown even stronger.