CICC UK becomes the first German GDR cross-border conversion institution

2022/11/17 Frankfurt, Germany China International Capital Corporation (UK) Limited (CICC UK) has been approved by the Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) as a German Global Depositary Receipt (GDR) cross-border conversion institution under the SSE/SZSE stock connect scheme with overseas stock exchanges. China Europe International Exchange (CEINEX) congratulates CICC UK to obtain the approval for the business of cross-border conversion of GDRs on the Frankfurt Stock Exchange (FWB) and to become the first German GDR cross-border conversion institution.

In February 2022, the China Securities Regulatory Commission issued the “Provisions on the Supervision and Administration of Depository Receipts under the Stock Connect Scheme between Domestic and Overseas Stock Exchanges”, and expanded the original stock connect scheme also to Germany, showing China’s determination to open up its capital markets further. The expanded stock connect scheme broadens the channels for international investors to enter the Chinese capital markets, and offers another opportunity for the Chinese companies to tap into the European capital markets vice versa. CEINEX provides comprehensive listing services for Chinese issuers and welcomes A-Share listed companies to issue and list GDRs in Frankfurt.



CICC UK was established in 2009 and is regulated by the UK Financial Conduct Authority. It provides a central platform from which CICC facilitates cross-border investment and financing services for an increasing number of clients from Europe, the Middle East and Africa that do business with China and from China seeking cross-border investments in and financing from these regions.


About China Europe International Exchange AG (CEINEX)

China Europe International Exchange (CEINEX) is a joint venture established by the Shanghai Stock Exchange, the Deutsche Börse Group, and the China Financial Futures Exchange, operation starting from November 2015. CEINEX focuses on providing China-related financial instruments to global investors, and is dedicated to building an offshore platform for trading RMB-denominated financial products, risk management and asset allocation in Europe.


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Ms. Huihui ZHANG / +49 (0) 6196 5866960


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