Deutsche Börse opened its representative office in Beijing today.
With this step, the exchange aims to further strengthen and expand its relationships within the Chinese market. Deutsche Börse, one of the leading exchange organizations of the world, will bring in its expertise as a service provider for securities trading for a growing number of Chinese companies.
The exchange received approval by the China Securities Regulatory Commission (CSRC) for establishing a representative office in Beijing on 26 September.
Jianhong Wu will be the Chief Representative Officer.
At the opening of the office in Beijing, Deutsche Börse Deputy CEO Andreas Preuss stated, "We want to be an excellent partner for the Chinese market and further strengthen our already very good relationship with Chinese authorities and capital market institutions." Frank Gerstenschläger, member of Deutsche Börse Executive Board responsible for the cash market, added "We are delighted to have the privilege to work together with Chinese companies in accessing equity capital in the European Union."
Deutsche Börse has established close relationships with a number of key institutions in China over the past few years. Since 2004, the company cooperates with the Shanghai Stock Exchange and since 2008 with the Shenzhen Stock Exchange. Among other activities, Deutsche Börse organizes road shows and IPO conferences with the aim of promoting stock exchange listings for domestic Chinese companies. Currently, 13 Chinese companies decided for a primary listing at the Frankfurt Stock Exchange.