Following the opening of an office in Singapore last month, Deutsche Börse has added another Asia Pacific location to its on the ground presence with the opening of a new office in Beijing. The exchange operator indicates that this is part of its plan to expand its relationships within the Chinese market and it has appointed Jianhong Wu to head the office.
The exchange received approval by the China Securities Regulatory Commission (CSRC) to establish a representative office in Beijing on 26 September and has been working on finding an appropriate office head since that date. Accordingly, it selected Wu to become the chief representative officer for the Chinese market.
Deutsche Börse deputy CEO Andreas Preuss explains that the exchange is keen to become a partner within the Chinese market via the strengthening of its relationship with Chinese regulators and capital market institutions. With a view to this, the exchange operator has been developing relationships with domestic exchanges including the Shanghai Stock Exchange in 2004 and the Shenzhen Stock Exchange this year.
Among other activities, Deutsche Börse has also been organising road shows and IPO conferences with the aim of promoting stock exchange listings for domestic Chinese companies. Currently, 13 Chinese companies have opted for a primary listing at the Frankfurt Stock Exchange.
Source: A-Team Asian Markets 13.12.2008
Filed under: China, Exchanges, News, Asia, China 中国, CSRC China Securities Regulatory Commision, Deutsche Börse, Exchanges, IPO, Listing, Shanghai, Shenzhen, Singapore, SSE Shanghai Stock Exchange, SZSE Shenzhen Stock Exchange
