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Screenshot of a breaking news alert e-mail from Q2 2017
China Europe International Exchange (CEINEX), the joint venture established by Shanghai Stock Exchange (SSE), Deutsche Boerse AG (ETR:DB1) and China Financial Futures Exchange (CFFEX) last month, was successfully launched today in Frankfurt.
The first trades have already been carried out.
At the moment of the market launch, CEINEX is offering ETFs based on mainland Chinese underlyings and a broad range of Renminbi-denominated bonds.
The new marketplace was launched at 9 a.m. CET today by executive board members of CEINEX Han Chen (Co-CEO) and Jianhong Wu (Board Member). The launch ceremony took place in the presence of the Chinese ambassador Mr Shi Mingde and CEOs of the owners: Mr Huang Hongyuan, President of Shanghai Stock Exchange, and Mr Carsten Kengeter, CEO of Deutsche Börse AG.
“Today’s start of market operation is a major milestone to establish the world’s first authorized Renminbi market outside mainland China. We aim to steadily expand our product offering to further increase the attractiveness of CEINEX for international investors,” said Han Chen.
“We are very pleased by the support of market participants like Bank of China International, China Construction Bank and Commerzbank which provide essential support to commence trading from the beginning. More market participants are getting ready and will join soon,” added Jianhong Wu.
To view the press release on the launch, click here.