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, further expand their cooperation agreement.
Both partners signed a sales cooperation agreement on Friday in Shanghai.
Under the terms of the agreement, Deutsche Börse will act as an exclusive sales partner for the CSI300 Index's license of the ETF issuer in Europe. Furthermore, Deutsche Börse will also be sales partner for the index in the US.
The CSI300 Index tracks the daily price performance of the 300 most representative A-shares listed on the Shanghai and Shenzhen Stock Exchanges. The CSI 300 is the leading benchmark for the A-share market in China. The Index is the underlying of the first Chinese index futures.
"The sales agreement is a further step in expanding our business relation with our Chinese partner. This cooperation allows us to further internationalize our index business", said Dr. Holger Wohlenberg, Managing Director for Market Data & Analytics at Deutsche Börse.
Dr. Zhi-Gang Ma, General Manager of China Securities Index Co. Ltd said: "The sales cooperation agreement with DBAG broaden our sales channel of CSI300 Index in both Europe and the US and will enhance CSI indices' influence in the mentioned region/country. We look forward to the launch of a CSI300 Index based ETF in Europe in the near future."