| China is as of primary importance to Deutsche Boerse, the largest exchange organization worldwide. Deutsche Börse sees considerable growth and enormous potential in China. It is expanding its base in the region to capitalize on its existing business relationships and to build new business. This is in line with an overall strategy of expanding its global network and positioning itself through cooperative ventures as a reliable and innovative partner in the entire securities trading process chain. Deutsche Boerse aims in China - provide Chinese investors access to European products,
- give wide exposure of Chinese products to the European market place,
- help to develop domestic markets in China
- benefit from the growth by collaborating with local players.
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The business generated by Deutsche Boerse in China has been increasing steadily for years and will continue to grow organically while Deutsche Boerse Group is simultaneously developing new opportunities in area such as IT, Listing, Trading & Clearing, Custody & Settlement and Market Data & Analytics. Besides a number of Memorandums of Understanding (MoU) signed with various Chinese partners, Deutsche Boerse has taken concrete steps in the following fields.
Listing Deutsche Boerse continues to strongly expand its relations with China and to be a reliable partner for Chinese companies. For example, it organizes capital market events and listing seminars in China in collaboration with its listing partners, and is expanding its listing partner network to include Chinese intermediaries and capital market participants. The Frankfurter Stock Exchange listed the first Chinese company, Gongyou Machines, in the Open Market on 30 March 2007 and the first Chinese company in the Prime Standard was Zhongde Waste Technology AG on 6 July 2007. Currently, 13 Chinese companies decided for a primary listing at the Frankfurt Stock Exchange. There are a couple more Chinese companies in the pipeline for the year 2009. Xetra Trading platform/IT The Shanghai Stock Exchange, China’s largest exchange, has licensed Deutsche Börse’s Xetra trading system, which Accenture will adapt and implement for the Chinese market. Deutsche Börse’s Xetra trading technology was chosen on the basis of its performance record of high scalability, reliability and speed, quality of core technology and ease of adaptability to other markets. The system has an average uptime of 99.999 percent. About 250 trading firms in 18 countries connect to Deutsche Börse's Xetra Network. Clearing & Settlement China Government Securities Depository Trust & Clearing Co. Ltd (CDC) has opened an omnibus account with Clearstream. The qualified members of CDC are now able to settle and safe keep international securities via CDC’s account with Clearstream. The partners are discussing further cooperation in the field of collateral management. Market Data & Analytics Deutsche Börse and the China Securities Index Company (CSI), a joint venture between the Shanghai Stock Exchange and the Shenzhen Stock Exchange, signed a sales cooperation agreement on 25 September 2007 in Shanghai. Under the terms of the agreement, Deutsche Börse acts as an exclusive sales partner for the CSI300 Index’s license of the ETF issuer in Europe. Furthermore, Deutsche Börse is also sales partner for the index in the US. This is the first concrete venture to derive from the MoU the two organizations signed in February 2007. For more detailed information on our indices and listed instruments, please visit our website http://deutsche-boerse.com/ in English. |