Next stop: D shares in Frankfurt
Print Edition
CHINESE companies may be allowed to sell D shares on a Germany-based exchange in 2017, sources with the Shanghai Stock Exchange have revealed.
The proposal is now in the hands of the Frankfurt-based China Europe International Exchange, or CEINEX.
CEINEX is an offshore yuan-denominated assets trading center that was created in December 2015 by the Shanghai bourse, German Borse Group and the China Financial Futures Exchange.
The sources said blue-chip manufacturers listed on China’s A-share market with a global development strategy are likely to be selected as the first to issue D shares. More companies will be encouraged to trade as the D-share market develops.
Firms will need approval from both Chinese and German regulators to issue D shares, the sources said.
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