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Deutsche Börse to market Chinese stock index for exchange-traded funds

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Deutsche Börse and the China Securities Index, a joint venture between the Shanghai and Shenzhen stock exchanges, have agreed to expand their co-operation agreement to sales of the Ch

Deutsche Börse and the China Securities Index, a joint venture between the Shanghai and Shenzhen stock exchanges, have agreed to expand their co-operation agreement to sales of the Chinese partner’s flagship index product. The CSI 300 is the leading benchmark for the A-share market in China and is the underlying basis of the first Chinese index futures.

Under the agreement, Deutsche Börse will act as an exclusive sales partner for licensing of the CSI300 index, which tracks the daily price performance of the 300 most representative A-shares listed on the Shanghai and Shenzhen exchanges, for exchange-traded funds in Europe and the US.

‘The sales agreement is a further step in expanding our business relation with our Chinese partner,’ says Dr Holger Wohlenberg, managing director for market data and analytics at Deutsche Börse. ‘This co-operation allows us to make our index business more international.’

Dr Zhi-Gang Ma, general manager of China Securities Index, says: ‘The sales co-operation agreement broaden our sales channel for the CSI300 index in both Europe and the US and will enhance the influence of the CSI indices. We look forward to the launch of a CSI300 index-based ETF in Europe in the near future.’

China Securities Index specialises in the development, calculation and dissemination of index products and currently calculates 46 indices that have been licensed to a range of domestic and international fund management companies.

Deutsche Börse’s market data and analytics business calculates and publishes more than 2,100 indices and compiles, distributes, and markets independent capital market information, such as price data, trading statistics and back office information for banks and other financial institutions.

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