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SSE, CFFEX and Deutsche Börse in joint venture

Staff writer ▼ | October 30, 2015
Shanghai Stock Exchange (SSE), Deutsche Börse Group and China Financial Futures Exchange (CFFEX) founded their joint venture “China Europe International Exchange”.
Shanghai Stock Exchange
Stocks together   China Europe International Exchange
his new marketplace for the trading of RMB-denominated offshore products will be launched on 18 November 2015 under the new brand CEINEX.

The agreement was signed in Beijing by Gui Minjie, Chairman of Shanghai Stock Exchange, Carsten Kengeter, CEO of Deutsche Börse AG, and Zhang Shenfeng, Chairman of China Financial Futures Exchange, in the presence of the Chinese Premier Li Keqiang and the German Chancellor Angela Merkel.

The establishment of CEINEX is an outcome of the Chinese-German high-level financial market dialogue which started in March 2015.

CEINEX will offer investment products based on Chinese underlyings to international investors, starting with cash market products like ETFs and bonds. All cash market instruments will be tradable via Xetra, Deutsche Börse’s established cash marketplace with approximately 200 participants.

CEINEX is the first dedicated platform for authorised RMB-denominated trading outside mainland China – offering attractive new trading opportunities to trade Chinese products in an efficient manner to further supporting RMB internationalisation.

The company is based in Frankfurt. The management board comprises senior officers and professionals from the three exchanges.