On Friday, September 26 Deutsche Börse received approval by the China Securities Regulatory Commission (CSRC) for establishing a representative office in Beijing.
Jianhong Wu is assigned to be Chief Representative Officer, the office is to start operations still in this year.
"With our representative office in Beijing we want to further strengthen and expand our relationships within the Chinese market, which is one of the most important emerging markets to us. We are looking forward, together with our partners, to contribute to the further development of the Chinese financial market. As Deutsche Börse we want to bring in our expertise as a service provider for securities trading", said Andreas Preuß, Deputy CEO of Deutsche Börse AG and among other things responsible for the Asia activities of the company.
Deutsche Börse has established close relationships with a number of key institutions on the Chinese market. For example, since 2004 the company cooperates with the Shanghai Stock Exchange and since 2008 with the Shenzhen Stock Exchange. Thus for, twelve companies already choose the Frankfurt Stock Exchange for their primary listing.