Playground under the brand CEINEX will begin work on November 18, it will offer investors investment products, which are based on Chinese financial instruments.
MOSCOW, 29 Oct. Stock exchange Shanghai Shanghai Stock Exchange (SSE), the operator of the Frankfurt stock exchange of Deutsche Boerse Group and the financial futures exchange China Financial Futures Exchange (CFFEX) has formed a joint venture at the China Europe International Exchange, according to a press release from Deutsche Boerse.
The new venue will start on 18 November 2015 under the brand CEINEX. It will take trade assets denominated in RMB.
“CEINEX will offer foreign investors investment products, which are based on Chinese financial instruments. Is expected to begin with products such as ETFs and bonds,” — said in the message exchange.
The head of the Deutche Boerse Kengeter Karsten (Carsten Kengeter) noted that the new marketplace is “a milestone in the strategic cooperation among the three exchanges.” “This is a big step forward in the internationalization of the yuan,” he added Kengeter.
Deutsche Boerse AG was founded in 1993 in Frankfurt am main. Is the managing company of the Frankfurt stock exchange and Eurex exchange. Among the services provided the access of companies and private investors to the global financial trading floors, and equity markets.