Deutsche Bo­erse signs agree­ment with BOC

China Daily (Hong Kong) - - BUSINESS DIGEST -

Deutsche Bo­erse AG has signed a deal to help Bank of China Ltd gain ac­cess to Euro­pean mar­kets as the op­er­a­tor of Eurex and the Frank­furt Stock Ex­change seeks to com­bat de­clin­ing trad­ing vol­umes at home. The two com­pa­nies agreed on a mem­o­ran­dum of un­der­stand­ing to pro­mote the de­vel­op­ment of the off­shore yuan mar­ket in Europe, the ex­change said Mon­day. Deutsche Bo­erse will help Bank of China gain ac­cess to Euro­pean cap­i­tal mar­kets through its branch in Frank­furt, and the two will co­op­er­ate on in­vestor ed­u­ca­tion and busi­ness de­vel­op­ment.

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