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Deutsche Börse and CFETS sign MoU

01 June 2006  |  3116 views  |  0 Source: Deutsche Börse

Deutsche Börse recently signed a "Memorandum of Understanding" with the China Foreign Exchange Trade System & National Interbank Funding Center (CFETS) to enhance cooperation between both parties concerning financial market development in China.

Under the MOU, Deutsche Börse Group and CFETS have agreed to provide a framework to develop cooperation between both parties and for Deutsche Börse to contribute to the development of sophisticated interbank and foreign exchange markets in China.

"This agreement reflects Deutsche Börse's commitment to Asia and development of the exchange organization's diverse activities across the region," stated Ulrich Becker, Deutsche Börse Managing Director Corporate Development, responsible for group activities in Asia. "Deutsche Börse Group looks forward to enhanced cooperation with CFETS," Becker added.

Formal cooperation with leading Chinese financial institutions has been long established across Deutsche Börse Group. Close cooperation with national regulators, exchanges and industry associations in East Asia has been ongoing for many years.

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