Deutsche Boerse and the China Securities Index Company (CSI), a joint venture between the Shanghai Stock Exchange and the Shenzhen Stock Exchange, further expand their cooperation agreement.
Under the terms of the agreement, Deutsche Boerse will act as the exclusive sales partner for the CSI300 Index’s licence of the ETF issuer in Europe.
The CSI300 Index tracks the daily price performance of the 300 most representative A-shares listed on the Shanghai and Shenzhen Stock Exchanges.
In addition, Deutsche Boerse will also be sales partner for the index in the United States.
“The sales agreement is a further step in expanding our business relation with our Chinese partner. This cooperation allows us to further internationalise our index business,” says Holger Wohlenberg, managing director for Market Data and Analytics at Deutsche Boerse.
“We look forward to the launch of a CSI300 Index based ETF in Europe in the near future,” adds Zhi-Gang Ma, general manager of China Securities Index Co. Ltd.