Deutsche Börse Signs MOU With CFETS - Basis For Cooperation With Leading Foreign Exchange And Inter-Bank Bond Trading Institution In China - Significant Step In Expanding Deutsche Börse Activities In Asia

Deutsche Börse recently signed a ‘Memorandum of Understanding’ with the China Foreign Exchange Trade System & National Interbank Funding Center (CFETS) to enhance cooperation between both parties concerning financial market development in China. Under the MOU, Deutsche Börse Group and CFETS have agreed to provide a framework to develop cooperation between both parties and for Deutsche Börse to contribute to the development of sophisticated interbank and foreign exchange markets in China.

“This agreement reflects Deutsche Börse’s commitment to Asia and development of the exchange organization’s diverse activities across the region” stated Ulrich Becker, Deutsche Börse Managing Director Corporate Development, responsible for group activities in Asia. “Deutsche Börse Group looks forward to enhanced cooperation with CFETS,” Becker added.

Formal cooperation with leading Chinese financial institutions has been long established across Deutsche Börse Group. Close cooperation with national regulators, exchanges and industry associations in East Asia has been ongoing for many years.

The East Asian region accounted for around €45 million direct revenue for Deutsche Börse last year. Deutsche Börse is closely involved in the region as a technology provider, notably with the Shanghai Stock Exchange, through market participants and represented by the Hong Kong office of Clearstream, a Deutsche Börse Group company. Deutsche Börse has an established role as a world class service provider in the Asian market. Group-wide activities, strategic interests and institutional cooperation in the region is managed by the Asian Business Development department.