Deutsche Börse and Shenzhen Stock Exchange ink cooperation agreement
23 May 2008 | 1821 views | 0
Source: Deutsche Börse
Deutsche Börse and the Shenzhen Stock Exchange signed a Memorandum of Understanding (MoU) in Frankfurt on Friday.
The parties agreed on an extensive exchange of information about the internationalization of the financial markets in Germany and China.
In accordance with the MoU, the two stock exchange organizations are to start 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 Börse 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 Börse has established relationships to a variety of key institutions in the Chinese market over the past few years. Last year alone, seven companies from China were listed on the Frankfurt Stock Exchange for the first time. Deutsche Börse plans to open a representative office in Beijing.
Deutsche Börse Group is also pressing ahead with its activities in a number of Asian countries. It aims to expand its global participant network and to gain 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 Börse also intends to continue its support with capital market expansion in Asian domestic markets.