17/03/2016
China Construction Bank authorised as trading and direct clearing participant
Admission for both cash and derivatives markets/
Supporting the development of China Europe International Exchange (CEINEX)
China Construction Bank (CCB) Frankfurt Branch received authorisation as a trading and direct clearing member to the cash and derivatives markets operated by Deutsche Börse Group. This further contributes to the accessibility of the German and European capital market to Chinese issuers and Asian investors. China Construction Bank Frankfurt Branch is the first Chinese direct clearing member at Eurex Clearing, for both cash and derivatives markets. The admission also enables the CCB to participate in CEINEX, China Europe International Exchange.
“We welcome the China Construction Bank as member of the Frankfurt Stock Exchange as well as of Eurex and Eurex Clearing. CCB, the leading commercial bank in China and among the largest banks in terms of market capitalization globally, and its Chinese and Asian clients will benefit from direct access to the German and European capital markets,” Michael Peters, Member of Eurex Frankfurt Executive Board said.
“We are pleased to be able to leverage our trading and direct clearing membership on Deutsche Börse Group to access both the cash and derivatives markets and to promote direct accessibility for Chinese investors. Deutsche Börse's trading platforms are robust, transparent and provide highest standards in regards to security mechanisms. Moreover, we are excited to support the mission of CEINEX to establish a bridge between China and international markets,” Mr. Xie Junle, General Manager of China Construction Bank Frankfurt Branch, said.
Dr. Chen Han, CEO of China Europe International Exchange AG (CEINEX), said: "The admission of CCB enables the bank to directly participate in the market of CEINEX. This marks an important milestone and strengthens our efforts in promoting the development of our new liquidity pool for China and RMB-denominated products of CEINEX."
About China Europe International Exchange
Based in Frankfurt/Main, Germany, CEINEX is a joint venture established by Shanghai Stock Exchange, Deutsche Börse Group and China Financial Futures Exchange. As the first platform for China and Renminbi related products in the offshore market, it acts as a unique bridge between the Chinese and international financial markets. CEINEX is dedicated to promoting the cooperation between and mutual development of Chinese and international financial markets.
About Deutsche Börse Group
Deutsche Börse Group is one of the world’s leading service providers for securities and derivatives markets with products and services offered for issuers, investors, intermediaries and data vendors. The Group covers the entire process chain from trading through clearing to settlement and securities custody, as well as market data, indices and analytics.
Deutsche Börse Group is also a global innovator in financial markets technology, including the industry leading T7 trading platform and C7 clearing system.
About China Construction Bank
China Construction Bank Corporation (CCB), established in 1954 and headquartered in Beijing, is a leading domestic and world-renowned commercial bank. It is a state bank with the legal form of a public corporation of the People´s Republic of China. The Bank established a legally dependent branch in the Federal Republic of Germany in 1999. Business activities started September 15th, 1999. Purpose of business is the promotion of trade between Germany, Europe and China. The bank processes cashless payments via direct connection with the European clearing system (target 2) and also functions as clearing center for the whole bank in Europe.