Facebook Twitter 新浪微博 google plus Instagram YouTube Friday 20 November 2015
English>>People's Daily Online Exclusives

China and Germany jointly launch yuan trading platform in Frankfurt

By Gao Yinan (People's Daily Online)    08:09, November 20, 2015

CEINEX’s Executive Board member Chen Han (Co-CEO) and Wu Jianhong (Executive Director) ring the opening bell together Wednesday at the Frankfurt Stock Exchange.(Photo/Xinhua)

Europe's first RMB-denominated A Share Exchange-traded Fund ("ETF") was launched on the inauguration of the China-Europe International Exchange ("CEINEX") on Wednesday.

In addition to the ETFs, a RMB-denominated bond issued by the Bank of China also debuted on the inauguration.

Headquartered in Frankfurt, Germany, CEINEX is a joint venture with the Shanghai Stock Exchange, the Deutsche Boerse AG and the China Financial Futures Exchange, which hold stakes of 40%, 40% and 20% in the Exchange respectively, and have received support and recognition from the governments and regulators of China and Germany.

CEINEX is poised to build an offshore RMB securities listing and trading center in Europe, offering offshore RMB securities listing and trading services in Europe to meet investors' investment and financing demand for RMB. It is the first RMB market authorized outside China, which is regarded as a milestone of RMB internationalization.

Han Chen, Co-CEO of CEINEX, stated that the launch of the ETF is another major move to broaden the spectrum of Europe's RMB equity fund market and create a conduit for European investors to access China's stock market and further expand RMB investment channels as well as boost the opening-up of China's capital market and the internationalization of the RMB.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Gao Yinan,Wu Chengliang)

Add your comment

We Recommend

Most Viewed


Key Words