China Europe International Exchange (hereinafter referred to as “China Europe Exchange”), jointly funded by the Shanghai Stock Exchange, Deutsche Börse Group and China Financial Futures Exchange, opened today in Frankfurt, the financial capital of Germany.
As an important step in the process of RMB internationalization, the smooth opening of China Europe Exchange means that the European offshore RMB securities market has officially begun to operate, and offshore RMB has a new investment channel.
The first batch of online products include ETFs (exchange-traded funds) and RMB bonds. Bank of China International and China Construction Bank International have cooperated with Commerzbank respectively to issue a RMB-denominated ETF product to track the China A-share index. There is also a RMB financial bond issued by Bank of China that was also listed on CEINEX on the first day of opening. . In addition, 12 China market-related ETFs and more than 180 RMB bonds listed on Deutsche Börse will also be transferred to CEINEX’s trading platform to provide continuous liquidity.
According to reports, the original intention of CEIBS was to provide European and global investors with products and services based on RMB assets. In the initial stage of its opening, CEIBS will mainly list securities spot products denominated and settled in RMB. When conditions are mature, it will Listed financial derivatives.
Chen Han, Co-CEO of CEINEX, said: “Our goal is to gradually enrich CEINEX’s product line and further enhance CEINEX’s attractiveness to international investors. We are very pleased to carry out all-round cooperation with market participants. , and jointly promote the development of offshore RMB in Europe.”
