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Shanghai, Frankfurt plan yuan platform

An offshore yuan platform for trading financial instruments will be set up in Frankfurt, Germany before the end of the year, a source close to the matter told Xinhua on Monday. The Shanghai Stock Exchange and the China Financial Futures Exchange had conducted intensive discussions with the Deutsche Boerse Group on plans for cooperation over the last week. According to a source attended the meetings, the three exchanges had reached a consensus to jointly establish a trading platform that offers Chinese investors direct access to German financial markets.