Chinese, German Exchanges Launch Off-shore RMB Trading Center
2015-10-30 09:41:11 CRIENGLISH.com

A stock display screen in German Borse. [File Photo: cankao.com]

The Shanghai Stock Exchange, China Financial Futures Exchange and German Borse Group have launched a joint venture for the trading and pricing of off-shore yuan-denominated assets.

The move aims to promote use of the Chinese currency in the European financial market, helping the internationalization of the yuan.

The Shanghai Stock Exchange and German Borse Group each will hold 40 percent stake of the joint venture, while the China Financial Futures Exchange holds 20 percent.

The joint venture is set to be established in Frankfurt and start trading on November 18.

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