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Deutsche Börse Group and China Construction Bank (CCB) have entered into a strategic partnership and have signed an agreement. Deutsche Börse Group is a leading global provider of financial market infrastructure services and is based in the European Union. China Construction Bank, headquartered in Beijing, is a leading Chinese commercial bank with representative offices in key international financial centres.
Under the ‘preferred partnership’ agreement, DBAG and CCB will undertake a joint analysis of the potential for cooperation along the entire value chain in their respective geographical markets. Potential formats include expansion of CCB business activities in the European Union, for example through trading and clearing membership in Xetra, Eurex and Eurex Clearing. Deutsche Börse and CCB are also looking to collaborate in the post-trade and custody areas. Another focus will be joint development of the offshore renminbi market in Germany as well as in Europe as a whole. Both parties also plan intensive collaboration in training and professional development in support of the project.
CCB said it welcomes this partnership with one of the world’s leading stock exchange groups, stating the agreement would allow both institutions to contribute significantly to the further internationalisation of the renminbi as a key global currency.
“We regard this new strategic partnership agreed today with China Construction Bank as an important extension of our Asian strategy. We are delighted to bring in our Group-wide expertise and capacity to offer top-quality China-related products and services in increasingly globalised markets,” said Reto Francioni, CEO of Deutsche Börse AG.
About China Construction Bank
As a leading commercial bank in China, China Construction Bank provides a comprehensive range of commercial banking products and services to an extensive customer base, including many of the largest business groups and leading companies in industries which are strategically important to China's economy. The Bank runs three principal business segments which are corporate banking, personal banking, and treasury operations and is among the market leaders in China in a number of products and services, including infrastructure loans, residential mortgage and bank cards.
2014 marks the 60th anniversary of China Construction Bank. Over 60 years of development, the Bank is positioned among world leading banks in terms of asset size and profitability. Despite the pressure of the economic downturn in 2014, the Bank maintained stable and healthy business development. As at the end of the third quarter of 2014, the Bank’s total assets increased by 8.9% from the end of 2013 to 16,735.863 billion RMB, realized a net profit of 190.685 billion RMB, up 7.8% from the same period of 2013, and the annualized return on average assets and annualized return on average equity were 1.58% and 22.14% respectively. The Bank had a network of 14,856 branches and sub-branches in Mainland China, maintained overseas branches including Hong Kong, Macau, Singapore, Frankfurt, Johannesburg, Tokyo, Osaka, Seoul, New York, Ho Chi Minh City, Sydney, Melbourne, Taipei, Luxemburg, Brisbane and Toronto, and owned multiple subsidiaries, such as CCB Asia, CCB International, CCB London, CCB Russia, CCB Dubai, CCB Europe, CCB New Zealand, CCB Principal Asset Management, CCB Financial Leasing, CCB Trust and CCB Life, CCB Commodity, providing comprehensive financial services to its customers.
About Deutsche Börse Group
As a leading provider in global securities services, Deutsche Börse Group offers products and services to issuers, investors, intermediaries and market data providers. The group covers the entire process chain from trading, through clearing and settlement to securities custody. Deutsche Börse also offers market data, indices and analyses and is a service provider for the development and operation of IT systems.
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