China Europe International Exchange Aims to Issue First Batch of D-Shares in Frankfurt Next Year

China Europe International Exchange Aims to Issue First Batch of D-Shares in Frankfurt Next Year

Dou Shicong

Date: Wed, 11/22/2017 - 20:40 / source:Yicai
China Europe International Exchange Aims to Issue First Batch of D-Shares in Frankfurt Next Year
China Europe International Exchange Aims to Issue First Batch of D-Shares in Frankfurt Next Year

(Yicai Global) Nov. 22 -- Frankfurt-based China Europe International Exchange AG (CEINEX), a joint venture of Shanghai Stock Exchange (SSE), China Financial Futures Exchange and Deutsche Börse Group, is in talks with German regulators in a bid to offer its first batch of D-shares next year, said Chen Han, chief executive officer of the exchange.

D-shares refer to shares issued in Frankfurt by leading Chinese manufacturing companies that are looking to expand overseas.

Issuing such shares can help to expand financing channels for Chinese businesses and help them conduct efficient debt financing through the leveraging of low interest-rate environments in the Eurozone, Xinhua News Agency quoted Chen as saying today.

Trading on the D-share market allows investors to cover some of North America’s trading time after China’s A-share market closes, meaning longer trading time, Chen said, adding that it will help improve European investors’ trust in Chinese-made products.

CEINEX opened in Frankfurt, Germany in November 2015 and has achieved total transactions of CNY4.66 billion (USD703.9 million) as of the end of last year, with 133 listed products.

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Keywords: China Europe International Exchange AG, Frankfurt, D-Share, Deutsche Börse AG