Deutsche Börse eyes Chinese index business

Source: Deutsche Börse

Deutsche Börse and the China Securities Index Company (CSI), a joint venture between the Shanghai Stock Exchange and the Shenzhen Stock Exchange, want to cooperate in the index business.

Both partners signed a Memorandum of Understanding on Monday in Shanghai. 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 Börse Group has been active on the Asian markets for a number of years now. 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", said Dr. Holger Wohlenberg, Managing Director Market Data & Analytics at Deutsche Börse.

"The next phase of closer cooperation will aim to step up business relations, a move that will offer both sides logistic advantages", said Dr. Zhigang Ma, General Manager of CSI.

Deutsche Börse Market Data & Analytics calculates and publishes more than 1,800 indices in total. Deutsche Börse thus ranks among the world's major index providers. Market Data & Analytics also compiles, distributes, and markets independent capital market information, such as price data, trading statistics, and back office information for banks and financial institutions.

The China Securities Index Company has specialized in the development, calculation and dissemination of index products. The company currently calculates 46 indices which have been licensed for a whole range of domestic and international fund management companies. CSI's most important indices include the CSI300, which tracks the performance of Chinese A-class equities and is the underlying of the first Chinese index futures, and the CSI Free Float, which shows the performance of freely tradable A-class equities on the Shanghai and Shenzhen stock exchanges

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