(Yicai Global) Oct. 16 -- Shenzhen Stock Exchange and Toronto stock exchange operator TMX Group Ltd. [TSE:X] have signed a memorandum of understanding to boost cooperation in the capital market and serve innovative technology firms based in China and Canada, the Chinese board said in a press briefing yesterday.

Wang Jianjun, general manager of the Shenzhen exchange, met with Louis Eccleston, TMX Group president, during a recent visit to Canada. The pair reached a consensus for aiding the development of such companies and the integration of cross-border capital.

Both parties will boost cross-border capital services in both countries, research cross-border products and promote the domestic listing of innovation-based firms and startups in respective indexes of the other party.

They will also exchange staff between the two stock markets to nurture interaction and lay a foundation for further cooperation.

TMX Group includes several financing platforms, including the main stock exchange, a growth enterprise market and a private equity market. It has 3,417 listed companies, ranking third worldwide, and a combined market cap of USD2.13 trillion, ranking it ninth in the world.