Deutsche Börse and the China Securities Index Company (CSI), a joint venture between the Shanghai Stock Exchange and the Shenzhen Stock Exchange, announced a sales cooperation agreement on Friday in Shanghai.
Under the terms of the agreement, Deutsche Börse will be a sales partner for the CSI300 index in the US.
The CSI300 index tracks the daily price performance of the 300 most representative 'A-shares' listed on the Shanghai and Shenzhen Stock Exchanges. The CSI 300 is a benchmark for the 'A-share' market in China.
"The sales agreement is a further step in expanding our business relationship with our Chinese partner," comments Dr. Holger Wohlenberg, managing director, market data and analytics, Deutsche Börse. "This cooperation allows us to further internationalise our index business," he continues.
Dr. Zhi-Gang Ma, general manager, China Securities Index Company remarks, "The sales cooperation agreement with Deutsche Boerse broadens our sales channels for the CSI300 index in both Europe and the US and will enhance CSI indices' influence in these regions and countries. We look forward to the launch of a CSI300 index-based ETF in Europe in the near future."