First Chinese bank joins Deutsche Boerse

Bank hopes partnership will strengthen efforts to promote direct accessibility to Chinese investors.

China Construction Bank (CCB) has become an authorised trading and direct clearing participant on Deutsche Boerse’s cash and derivatives market, making it the first Chinese bank to join the Frankfurt-based group.  

Deutsche Boerse said CCB’s participation would increase accessibility for Chinese issuers and Asian investors to the German and European capital markets.

CCB will also be able to participate in the China Europe International Exchange (CEINEX), a joint venture between Deutsche Boerse and the Shanghai Stock Exchange.

The manager of the Chinese bank’s Frankfurt branch, Xie Junle, explained the excitement in bridging the gap between Chinese and international markets.

Junle added: “We are pleased to be able to leverage our trading and direct clearing membership on Deutsche Boerse Group to access both the cash and derivatives market and to promote direct accessibility to Chinese investors.”

The partnership was received positively at CEINEX, with CEO Chen Han describing it as an “important milestone.”

Han concluded he hoped this would help strengthen efforts in “promoting the development of our new liquidity pool for China and RMB-denominated products of CEINEX.