The China Europe International Exchange (CEINEX) welcomed the approval by China Securities Regulatory Commission (CSRC) of Haier's offshore-listing on CEINEX D-Share, according a statement Tuesday released by the Frankfurt-based exchange.
"The approval by the CSRC for an offshore listing by Qingdao Haier Co., Ltd. on the CEINEX D-Share Market is a great encouragement to us," said Chen Han, Co-CEO of CEINEX.
"CEINEX will continue to closely cooperate with the issuer to prepare the listing of D-Shares. Meanwhile, we will actively develop the relevant regulatory framework together with the Deutsche Boerse Group to provide the market infrastructure for a smooth start and development of the CEINEX D-Share Market in Frankfurt." He added.
As the first market place for Renminbi-related and China-related investment products in the Chinese offshore market, CEINEX, a joint venture established in 2015 by the Shanghai Stock Exchange, the Deutsche Boerse Group, and the China Financial Futures Exchange, serves as a bridge between the financial markets to strengthen the cooperation of the real economies in Europe and China.
The CEINEX D-Share Market is expected to give international investors the opportunity to invest in Chinese blue-chip companies under European rules and regulations, as well as to offer Chinese companies a channel to diversify their overseas financing as well as increase their international branding, following the EU's high-level standards of transparency.