FRANKFURT, April 24 Deutsche Boerse
and Shanghai Stock Exchange (SSE) on Thursday unveiled a
partnership to license and market Deutsche Boerse market data
products in mainland China.
SSE Vice President Bo Que said the deal would help drive the
internationalisation of the Shanghai exchange, which will act as
the domestic sales agent and technical service provider for
Deutsche Boerse market data.
"Deutsche Boerse will provide corresponding services for SSE
in the future," Bo said in a statement.
Foreign financial exchange operators have had a tough time
making headway in the highly regulated Chinese market so far,
but Deutsche Boerse Chief Executive Reto Francioni has made
China and the rest of Asia a priority for the German exchange,
in the expectation those markets will open further.
Last month, Deutsche Boerse and Bank of China
signed a strategic partnership making it easier for Chinese and
European investors to gain access to each other's capital
markets and supporting the internationalisation of China's
currency, the renminbi.
(Reporting by Andreas Kroener and Jonathan Gould; Editing by