JVs seek to tap demand for yuan product trading
Print Edition
CHINA Foreign Exchange Trade System and Deutsche Boerse, Germany’s largest exchange, have agreed to form an equally owned joint venture that will trade yuan products and allow Chinese and German investors to trade in each other’s market, the two parties said in a statement yesterday.
The Germany-based venture will allow China interbank market players to trade Deutsche Boerse’s cash and derivatives products while those from Deutsche Boerse can trade China’s interbank market products. It will also offer yuan-denominated interest rate and exchange rate products outside China’s mainland, the statement said.
Carsten Kengeter, CEO of Deutsche Boerse AG, said in the statement: “Our joint venture will contribute to the continued growth of our markets and economies.”
Pei Chuanzhi, president of CFETS, said the cooperation will help internationalize the yuan by offering Chinese and European investors options to hedge their interest rates and foreign exchange risks.
But the parties did not release any other details about the joint venture.
Another joint venture, the China Europe International Exchange, was set up between the Shanghai Stock Exchange, China Financial Futures Exchange and Deutsche Boerse yesterday.
They said they will invest 200 million yuan (US$31.5 million) in the Frankfurt-based exchange where foreign investors will be allowed to trade yuan equities and financial derivatives.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
