Deutsche Brse and the Shenzhen Stock Exchange signed a Memorandum ofUnderstanding (MoU) in Frankfurt. The parties agreed on an extensive exchange of information about the internationalisation of the financial markets in Germany and China.
In accordance with the MoU, the two stock exchange organizations are tostart a comprehensive exchange of knowledge and opinions in many business areas, including, for example, joint product development and distribution,development of new trading functions and sale of trading data.
Deutsche Brse has been more active in China this year, organizing road shows and IPO conferences with the aim of promoting stock exchange listings for local companies. Deutsche Brse has established relationships to a variety of institutions in the Chinese market over the past few years. Last year, seven companies from China were listed on the Frankfurt Stock Exchange for the first time. Deutsche Brse plans to open a representative office in Beijing.
Deutsche Brse Group is also pressing ahead with its activities in a numberof Asian countries. It aims to expand its global participant network and togain itself an even stronger position in the region as innovative provider of stock exchange infrastructure. This will provide Asian investors with access to European products and enable Asian stocks to be listed on European exchanges. Deutsche Brse also intends to continue its support with capital market expansion in Asian domestic markets.