China’s CCB joins Deutsche Börse’s cash and derivatives markets

China’s CCB joins Deutsche Börse’s cash and derivatives markets

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The Frankfurt branch of China Construction Bank, China’s second largest bank, has signed up as a trading and clearing member to Deutsche Börse’s cash and derivatives markets.

Under the deal state-owned lender CCB becomes a member of the Frankfurt Stock Exchange, derivatives market Eurex and the first company from the People’s Republic to join Eurex Clearing.

Michael Peters, member of Eurex Frankfurt executive board, said CBB’s Chinese and Asian clients will "benefit from direct access to the German and European capital markets."

Xie Junle, general manager of CCB’s Frankfurt office, added: "We are pleased to be able to leverage our trading and direct clearing membership on Deutsche Börse Group to access both the cash and derivatives markets and to promote direct accessibility for Chinese investors."

The admission also allows CCB to participate in CEINEX - China Europe International Exchange – the world’s first authorised Renminbi (RMB) market outside mainland China.

Shanghai Stock Exchange, Deutsche Börse and China Financial Futures Exchange launched the platform as a joint venture in November 2015.

Chen Han, chief executive of CEINEX, said CCB's involvement strengthens efforts in promoting the development of CEINEX’s new liquidity pool for China and RMB-denominated products.

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