Deutsche Börse and China Construction Bank agree strategic partnership

Deutsche Börse Group and China Construction Bank (CCB) have entered into a strategic partnership and have signed an agreement. Deutsche Börse Group is a leading global provider of financial market infrastructure services and is based in the European Union. China Construction Bank, headquartered in Beijing, is a leading Chinese commercial bank with representative offices in key international financial centres.

Reto FrancioniDeutsche Börse Group and China Construction Bank (CCB) have entered into a strategic partnership and have signed an agreement. Deutsche Börse Group is leading global provider of financial market infrastructure services and is based in the European Union. China Construction Bank, headquartered in Beijing, is a leading Chinese commercial bank with representative offices in key international financial centres.

Under the ‘preferred partnership’ agreement, DBAG and CCB will undertake a joint analysis of the potential for cooperation along the entire value chain in their respective geographical markets. Potential formats include expansion of CCB business activities in the European Union, for example through trading and clearing membership in Xetra, Eurex and Eurex Clearing. Deutsche Börse and CCB are also looking to collaborate in the post-trade and custody areas.

Another focus will be joint development of the offshore renminbi market in Germany as well as in Europe as a whole. Both parties also plan intensive collaboration in training and professional development in support of the project.

CCB said it welcomes this partnership with one of the world’s leading stock exchange groups, stating the agreement would allow both institutions to contribute significantly to the further internationalisation of the renminbi as a key global currency.

“We regard this new strategic partnership agreed today with China Construction Bank as an important extension of our Asian strategy. We are delighted to bring in our Group-wide expertise and capacity to offer top-quality China-related products and services in increasingly globalised markets,” said Reto Francioni, CEO of Deutsche Börse AG.