30.10.2015, 11:08
CEINEX and Bank of China announce cooperation
OREANDA-NEWS. Bank of China (BoC) and the China Europe International Exchange (CEINEX) today announced that they have signed a memorandum of understanding. The signing ceremony was part of the Chinese-German government consultation taking place from 29-30 October.
Bank of China is the most internationalized and diversified Chinese bank, headquartered in Beijing with comprehensive products and powerful customer networks worldwide. CEINEX is the first international and regulated marketplace for trading RMB-denominated investment products outside mainland China. The company is a joint venture by Shanghai Stock Exchange, Deutsche Börse and China Financial Futures Exchange and is based in Frankfurt, Germany. The new marketplace will commence operations on 18 November 2015.
According to the memorandum of understanding, the two parties will explore cooperation potential across the whole value chain in their respective geographies. As a first step, BoC and CEINEX intend to jointly design the RMB payment and settlement process for newly listed products on CEINEX using Bank of China’s infrastructure. BoC will also facilitate access to CEINEX’s products for customers from China and other Asian markets. Further, the two partners plan to enter into joint product development, investor education and marketing activities both in China and Europe.
About the Bank of China
The Bank of China is China's most international and diversified bank. It offers a broad range of financial services for clients across the Chinese mainland, as well as more than 40 countries and regions. The bank's core business is commercial banking, including corporate banking, personal banking and financial market services. The group's wholly-owned subsidiaries are active in investment banking, the insurance sector, direct investment and investment management. The controlled subsidiaries are involved in fund management and aircraft leasing. The Bank of China was the sole financial institution from emerging economies to be declared a global systemically important bank for four consecutive years from 2011 to 2014.
About CEINEX
Beginning in mid-November 2015, CEINEX – the China Europe International Exchange – will offer investment products based on Chinese underlyings to international investors, starting with cash market products. CEINEX is the first and only dedicated platform for authorized RMB-denominated trading outside mainland China – offering attractive new trading opportunities to trade China in a most efficient manner, supporting RMB internationalization effectively.
Bank of China is the most internationalized and diversified Chinese bank, headquartered in Beijing with comprehensive products and powerful customer networks worldwide. CEINEX is the first international and regulated marketplace for trading RMB-denominated investment products outside mainland China. The company is a joint venture by Shanghai Stock Exchange, Deutsche Börse and China Financial Futures Exchange and is based in Frankfurt, Germany. The new marketplace will commence operations on 18 November 2015.
According to the memorandum of understanding, the two parties will explore cooperation potential across the whole value chain in their respective geographies. As a first step, BoC and CEINEX intend to jointly design the RMB payment and settlement process for newly listed products on CEINEX using Bank of China’s infrastructure. BoC will also facilitate access to CEINEX’s products for customers from China and other Asian markets. Further, the two partners plan to enter into joint product development, investor education and marketing activities both in China and Europe.
About the Bank of China
The Bank of China is China's most international and diversified bank. It offers a broad range of financial services for clients across the Chinese mainland, as well as more than 40 countries and regions. The bank's core business is commercial banking, including corporate banking, personal banking and financial market services. The group's wholly-owned subsidiaries are active in investment banking, the insurance sector, direct investment and investment management. The controlled subsidiaries are involved in fund management and aircraft leasing. The Bank of China was the sole financial institution from emerging economies to be declared a global systemically important bank for four consecutive years from 2011 to 2014.
About CEINEX
Beginning in mid-November 2015, CEINEX – the China Europe International Exchange – will offer investment products based on Chinese underlyings to international investors, starting with cash market products. CEINEX is the first and only dedicated platform for authorized RMB-denominated trading outside mainland China – offering attractive new trading opportunities to trade China in a most efficient manner, supporting RMB internationalization effectively.
Комментарии