(Yicai Global) Oct. 30 -- Two units of the Shanghai Stock Exchange and Brazilian stock exchange B3 will increase the two bourses' cooperation on investment data.

The SSE Infonet and China Investment Information Services will authorize and release the B3's market data in China, the SSE said in a statement yesterday.

In recent years, the Shanghai bourse has had close ties with the Sao Paulo-based equivalent in business and personnel exchanges. The pair has also explored product cooperation. The SSE signed memorandums of understanding with the B3's two predecessorsthe Sao Paulo Stock Exchange (Bovespa) in March 2005 and the BM&FBovespain February 2011.

The SSE and BM&FBovespa held three annual China-Brazil Capital Markets Forums from 2010 to 2012 in Shanghai, China and Rio de Janeiro, forming a bridge between two countries' capital markets.

The B3 and China Investment Information Services signed a cooperation agreement in June, under which the latter is the official manager and issuer of the B3's market data in the Chinese mainland.

Editor: Emmi Laine