Chinese companies may list renminbi shares on Frankfurt bourse in 2016
Chinese firms may be able to list yuan-denominated shares in Frankfurt next year, allowing industry giants such as SAIC Motor Corp to access European investors. The move would further open China's economy to international markets.
The so-called D shares would list on China Europe International Exchange, or CEINEX, a joint venture between Deutsche Boerse AG and two Chinese exchanges that went live last month, according to the German exchange operator. The platform has traded an average of 18.3 million yuan ($2.8 million) a day since it opened on Nov 18.
Trading on new exchanges and in new products starts slowly, and some instruments never catch on with traders. Right now, CEINEX only hosts exchange-traded funds and bonds. The platform plans to add more products next year, including single stocks such as depository receipts and possibly derivatives.