Shanghai/China, November 6-7, 2024 - China Europe International Exchange (CEINEX), Deutsche Börse (DBAG) and Shanghai Stock Exchange (SSE)/ Shenzhen Stock Exchange (SZSE), have signed two tri-party Memorandum of Understanding (MoUs) to deepen cooperation on China-Germany depository receipts (DR) under the stock connect scheme.
Currently, the regulatory frameworks, business operation, trading infrastructure and market participating for China-Germany DRs are ready. According to the MoUs, the related parties will continue to strengthen and broaden cooperation, leveraging CEINEX’s unique position to bridge the two markets and support the issuance and listing of China Depositary Receipts (CDRs) and Global Depositary Receipts (GDRs) in both regions.
Mr. Chenhang Zhang, Co-CEO of CEINEX, said: “During the third China-Germany High-Level Financial Dialogue in 2023, both countries reached a series of agreements to expand mutual market access. This MOU among CEINEX, SSE/SZSE, and DBAG marks a tangible step forward in the mutual opening of capital markets between China and Germany. As a joint venture exchange, CEINEX is committed to combining the strengths of the Chinese and German capital markets, leveraging its strategic position in Europe to enhance support for more listed companies issuing DR products, and continuously advancing cross-border connectivity between the two markets.”
About China Europe International Exchange AG (CEINEX)
Based in Frankfurt/Main, Germany, CEINEX is a joint venture established by the Shanghai Stock Exchange, the Deutsche Börse Group, and the China Financial Futures Exchange. As the first marketplace for RMB-related and China-related investment products in the Chinese offshore market, it acts as a unique bridge between the Chinese and international financial markets. CEINEX is dedicated to providing reliable offshore RMB- and China-related financial instruments to investors, so as to promote RMB internationalization.
More information on www.ceinex.com
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Media contacts for CEINEX:
info@ceinex.com
Further information about CEINEX is available under http://www.ceinex.com.
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