(Yicai Global) Nov. 30 — The China-Germany stock connect program is technically all set to go, according to Niels Tomm, Deutsche Börse Group’s board representative.
China’s securities regulator expanded the stock connect scheme to include Germany earlier this year, enabling Chinese mainland-listed companies to issue global depository receipts in Frankfurt, Tomm said at the 2022 Shanghai Global Asset Management Forum yesterday.
Deutsche Börse, the Shanghai Stock Exchange and the China Financial Future Exchange set up the China Europe International Exchange in 2015, the first dedicated trading venue for China and Chinese yuan-related investment products outside of the Chinese mainland.
“Establishing CEINEX is a major step towards connecting the capital markets of Frankfurt and Shanghai,” Tomm noted. In 2018, Haier Group, a company listed in Shanghai, became the first D-share company in Germany.
Tomm, who is also the co-chief…
