Shanghai Stock Exchange, China Financial Futures Exchange and Deutsche Börse have agreed on a strategic cooperation to launch a joint venture. It has the objective to develop and to market financial instruments based on Chinese underlyings to international investors outside mainland China.

The venture is designed to support the internationalisation of the Chinese currency; therefore, products will be offered in Renminbi (RMB). The company will be named ‘China Europe International Exchange’ and will commence market operations in Q4 2015. The initial scope of product development will cover cash market products for market launch.

Shanghai Stock Exchange and Deutsche Börse will each own 40 percent and China Financial Futures Exchange the remaining 20 percent of the venture. The new company will be incorporated in Germany.

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