Deutsche Brse and the China Securities Index Company (CSI), a joint venture between the Shanghai Stock Exchange and the Shenzhen Stock Exchange, have signed a Memorandum of Understanding. The cooperation is aimed firstly at the provision of mutual support with respect to the distribution of existing indices, and secondly at the joint development of index products.
The partners will use their cooperation as a basis for a comprehensive exchange of experience and opinions. As a result, they have agreed to exchange personnel and to implement a whole range of joint training measures.
“Deutsche Brse Group has been active on the Asian markets for a number of years now,” says Holger Wohlenberg, the Managing Director of Market Data & Analytics at Deutsche Brse. “The cooperation with our Chinese partner CSI will allow us to expand our market data business activities in the region. At the same time, we will be able to further internationalize our index business.”
“The next phase of closer cooperation will aim to step up business relations, a move that will offer both sides logistic advantages”, adds Zhigang Ma, the General Manager of CSI.