The China Europe International Exchange (CEINEX), the joint venture between Shanghai Stock Exchange (SSE), Deutsche Börse and China Financial Futures Exchange (CFFEX) successfully launched in Frankfurt this morning, the first trades taking place in the opening hours of trading, it says.
CEINEX executive board members Han Chen (Co-Chief Executive Officer) and Jianhong Wu (Board Member) took part in a bell-ringing ceremony at the Frankfurt Stock Exchange place in the presence of the Chinese ambassador Shi Mingde and Huang Hongyuan, President of Shanghai Stock Exchange, and Carsten Kengeter, CEO of Deutsche Börse AG.
The joint venture was agreed among the three partners at the end of May 2015. It offers ETFs (exchange-traded funds) based on mainland Chinese underlyings and abroad range of Renminbi-denominated (RMB) bonds.
These include two new RMB-denominated ETFs: the Bank of China International (BOCI) Commerzbank SSE 50 A Share Index UCITS ETF and the Commerzbank CCBI RQFII Money Market UCITS ETF, issued by Commerzbank in partnership with Bank of China International and China Construction Bank International respectively.