CEINEX Preps for Shanghai-Germany Stock Connect
Zhang Jingyi
/SOURCE : yicai
CEINEX Preps for Shanghai-Germany Stock Connect

(Yicai Global) Nov. 21 -- The China Europe International Exchange, the first dedicated trading channel for China and yuan investments outside the mainland, is gearing up to form a stock connect program that will link bourses in Shanghai and Germany.

The aim of the program is to help German blue-chips issue Chinese depositary receipts in Shanghai and leading Chinese firms, particularly those in manufacturing, float global depositary receipts in Frankfurt, CEINEX's Co-Chief Executive Chen Han said at a financial forum in Frankfurt yesterday.

Preliminary research suggests that many high-quality listed firms are considering listing via the connect program, Chen added.

The Shanghai Stock Exchange, Deutsche Borse Group and the China Financial Futures Exchange formed the CEINEX in November 2015. Several Chinese financial institutions, including Agricultural Development Bank and Bank of China, and other Chinese companies have already issued offshore bonds via the exchange since it began operating in Germany.

Editor: James Boynton

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Keywords: China Europe International Exchange