Bank of China Becomes Trading and Clearing Member of Deutsche Börse

Bank of China and Deutsche Börse Group have formed a strategic partnership, where Bank of China will become a trading and clearing participant of Deutsche Börse, and the two companies will work to develop the financial relationship between China and Germany.
By Jake Safane(2147484770)
Bank of China and Deutsche Börse Group have formed a strategic partnership, where Bank of China will become a trading and clearing participant of Deutsche Börse, and the two companies will work to develop the financial relationship between China and Germany.

Specifically, the companies plan to develop the financial infrastructure necessary for further cooperation between the two countries and to support the internationalization of the renminbi by promoting Frankfurt as the European offshore center for the currency. And as a trading an clearing member of Deutsche Börse, Bank of China provides Chinese issuers and Asian investors the opportunity to directly access German and European capital markets, for example through IPOs.

“The extended cooperation between Bank of China and Deutsche Börse will foster the safety and stability of capital markets and stimulate economic growth. Both nations will benefit from it. At the same time, it is an important milestone in the further implementation of our company’s strategy. We are making good progress in Asia”, says Reto Francioni, CEO of Deutsche Börse.

Deutsche Börse and Bank of China entered into a preferred partnership in December 2013 and continue to look for further cooperation opportunities.

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