Zhongguancun in strategic partnership with Deutsche Borse Group

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Zhongguancun, dubbed "China's Silicon Valley", signed a strategic cooperation agreement on Thursday with Deutsche Borse Group (DBG) to promote more Chinese companies going public on the German stock market.

According to the agreement between the administrative committee of the Zhongguancun Science Park and DBG, a global exchange organization which runs the Frankfurt Stock Exchange, signed at the ongoing 2013 Zhongguancun Forum, the two sides will establish a joint work team to provide training for Chinese companies willing to be listed in Germany.

They will work on enterprise information, policy moves and capital market information and hold various seminars and personal visits, according to the agreement.

A total of 23 Chinese companies have been listed on the Frankfurt Stock Exchange since 2007.

Zhongguancun has about 20,000 high-tech companies, of which 112 are listed overseas.

It already has strategic partnerships with the Shenzhen Stock Exchange, Shanghai Stock Exchange, New York Stock Exchange, Nasdaq Stock Market and Hong Kong Stock Exchanges and Clearing Limited.

• Deutsche Telekom to invest 12 bln euros to expand network
• Chinese hi-tech park settles in Silicon Valley

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