Deutsche Boerse Starts Yuan Market With Chinese Exchanges
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Deutsche Boerse AG is creating a joint venture with two Chinese exchanges to offer yuan-denominated instruments, giving European investors increased access to the world’s second-largest economy.
The agreement between the German markets operator, Shanghai Stock Exchange and China Financial Futures Exchange will establish a Frankfurt-based venue for investors outside China to trade renminbi-denominated securities, according to a statement on Wednesday. The venture, called China Europe International Exchange, will start offering cash instruments in the fourth quarter.