China Europe International Exchange (CEINEX) officially commenced operation on November 18 in Frankfurt; the Commerzbank CCBI RQFII Money Market ETF (the “ETF”) was the first batch of products to be listed on CEINEX. The RMB denominated and traded ETF was launched by CCB International, a wholly-owned subsidiary of the China Construction Bank (CCB). The ETF invests in fixed-income securities in China via the RQFII quota. CENIEX is a joint venture founded by the Shanghai Stock Exchange, the Deutsche B?rse Group and the China Financial Futures Exchange, and provides offshore RMB listing and trading services. At the end of last month, the Chinese Premier and the German Chancellor witnessed the signing of a Memorandum of Understanding between CCB and CENIEX, where the two parties agreed to cooperate with each other to promote the RMB denominated securities in the Eurozone. The listing of the ETF on CENIEX implemented a key commitment in the MOU and further strengthened the cooperation between CCB and CENIEX. As one of the world’s pre-eminent banks in the RMB business, CCB will continue to implement and improve its internationalization strategy. Through CCB International’s licensed subsidiary, CCB plans to issue a series of RMB denominated investment products, and strive to boost the needs and uses of the RMB in the European market.
Being the Joint Bookrunner, CCB International supported the public listing of Yichang HEC Changjiang Pharmaceutical Co., Ltd. (Stock Code: 1558.HK) on the Main Board of the Hong Kong Stock Exchange on December 29, 2015.
Being the Joint Lead Underwriter, CCB International completed the overseas issuance of US$500 million zero-coupon exchangeable bonds of Baosteel Hong Kong Investment Company Limited on November 25, 2015.
(Oct 30, 2015, Hefei, Anhui, China) Chinese Premier Li Keqiang and German Chancellor Angela Merkel witnessed the signing of the MoU between China Construction Bank (CCB) and China Europe International Exchange (CEINEX). According to the MoU, both parties would endeavour to launch RMB denominated securities in Europe. The President of China Construction Bank Corporation Wang Zuji and the CEO of Deutsche B?rse Group Carsten Kengeter attended the ceremony. CEINEX, a Sino-German joint venture, with the Shanghai Stock Exchange, the China Financial Futures Exchange and the Deutsche B?rse Group holding 40%, 20% and 40% of the shares of the company respectively, provides offshore RMB listing and trading services. Established in Frankfurt, the trading hours of CEINEX cover the European trading time zone, Asia’s evening trading session and America’s morning trading session. CCB and CEINEX agreed to cooperate with each other to promote the offshore RMB denominated securities products issuing and listing on CEINEX, allowing European investors to easily invest in RMB-denominated stocks bonds, funds and derivatives products. The parties agreed to meet investor demand for offshore RMB financing and investment, and to promote the internationalization of RMB. CCB International (a subsidiary of CCB) will launch its Commerzbank CCBI RQFII Money Market ETF as the first batch of products listing on CEINEX. In recent years, CCB via its subsidiary CCB International which through its licensed subsidiary have endeavoured to build a 24-hour trading platform for RMB products. CCB International launched the first RMB-denominated and traded money market ETF in London in March this year, and listed the product in Euronext Paris in June. The listing of this ETF product on China Europe International Exchange will accomplish the deployment of the RMB trading platform in European time zone. CCB International will continue to issue a series of RMB denominated investment products in the near future, so as to fulfil the needs of European investors to use and invest in RMB, and to meet the national strategy of the RMB internationalization and the “belt and road” Initiative.
(Oct 30, 2015, Hefei, Anhui, China) Chinese Premier Li Keqiang and German Chancellor Angela Merkel witnessed the signing of the MoU between China Construction Bank (CCB) and China Europe International Exchange (CEINEX). According to the MoU, both parties would endeavour to launch RMB denominated securities in Europe. The President of China Construction Bank Corporation Wang Zuji and the CEO of Deutsche B?rse Group Carsten Kengeter attended the ceremony. CCB and CEINEX agreed to cooperate with each other to promote the offshore RMB denominated securities products issuing and listing on CEINEX, allowing European investors to easily invest in RMB-denominated stocks bonds, funds and derivatives products. The parties agreed to meet investor demand for offshore RMB financing and investment, and to promote the internationalization of RMB. CCB International (a subsidiary of CCB) will launch its Commerzbank CCBI RQFII Money Market ETF as the first batch of products listing on CEINEX. CEINEX, a Sino-German joint venture, with the Shanghai Stock Exchange, the China Financial Futures Exchange and the Deutsche B?rse Group holding 40%, 20% and 40% of the shares of the company respectively, provides offshore RMB listing and trading services. Established in Frankfurt, the trading hours of CEINEX cover the European trading time zone, Asia’s evening trading session and America’s morning trading session. In recent years, CCB actively promote offshore RMB business. After CCB London became the RMB clearing bank in London in 2014, CCB International, launched the first RMB-denominated and traded money market ETF in London in March this year, and listed the product in Euronext Paris in June. In October, CCB also entered into a MoU with LME and LMECC to participate in international commodities. The cooperation with CEINEX is another important milestone of CCB’s global strategy; strengthen CCB’s product coverage of continental Europe. In the future, CCB will further devote in building the offshore RMB centre in Europe. To provide its clients with extensive and solid financial support in meeting the various needs of RMB from European corporations and investors. Ultimately serve for the national strategy of the RMB internationalization and the “belt and road” Initiative.
CCB International (Holdings) Limited (“CCBI”) and Minmetco Limited (“Minmetco”) 21 October 2015 China Construction Bank Corporation (“CCB”) and Minmetco are pleased to announce the establishment of a commodities platform by CCB with its upcoming acquisition of a substantial shareholding of Metdist Trading Limited (“Metdist”) from Minmetco through its subsidiary, CCBI. Subject to regulatory approvals by authorities in the relevant jurisdictions, CCB International Securities Limited, a subsidiary of CCBI, will acquire a 75% shareholding interest of Metdist from Minmetco, which will retain a 25% shareholding interest. On completion, Metdist will be renamed as CCBI Metdist Global Commodities (UK) Limited (“CCBI Metdist”), and become the first London Metal Exchange (“LME”) Category 1 or Ring Dealing Member with a Chinese bank background. CCBI, with its subsidiaries, is the flagship of CCB providing investment banking services. CCBI’s business is divided into three main areas, namely Pre-IPO, IPO and Post-IPO, which in turn form a comprehensive investment services value chain that offers a full range of products, including sponsoring and underwriting, financial advisory, corporate mergers and acquisitions, share placement and refinancing, direct investment, asset management, securities brokerage, market research, investment consultancy, etc. Metdist is a Category 1 or Ring Dealing Member of the LME, providing its clients with a full range of LME derivative products. Metdist became the first overseas member of the LME in 1970 and its founder, The Lord Bagri CBE, served as an LME board director from 1983, LME Vice Chairman from 1990 and LME Chairman from 1993 to 2002. Mr Wang Hongzhang, Chairman of CCB stated: “The acquisition of a 75% shareholding interest of Metdist significantly advances the global strategy of CCB of developing a leading position in the base metals and global commodities markets. This strategic acquisition is a natural progression of CCB’s product range and markets.” CCB’s acquisition follows the announcement on 11 September 2014 when Hong Kong Exchanges and Clearing Limited and the LME signed an MOU with CCB for strategic cooperation in the development of new products, joint publicity, marketing and other areas. Mr Apurv Bagri, President and CEO of Metdist stated: “As Asia, and in particular China and India, continue to increase in significance and economic power in the global economy, CCB becoming Metdist’s newmajority shareholder is a natural progression for the company. I am delighted that the family’s long association with the LME and the physical metal markets will be enhanced through our future involvement in CCBI Metdist.” Mr Nigel Dentoom, an advisor to Metdist stated: “Due to the accelerated internationalisation and opening of the Chinese market, considerable interest has emerged in direct Chinese participation in international derivatives exchanges, including the LME. CCB has significant financial strength, unrivalled access to China, global aspiration in the base metals and globalcommodities space, and international quality of leadership. We aspire to lead CCBI Metdist into becoming a significant participant in the global commodities markets.” Enquiries: Mr Nigel K Dentoom Ms Shirley Xiao Advisor to the Board of Directors CCB International (Holdings) Limited Metdist Trading Limited 12/F, CCB Tower 80 Cannon Street 3 Connaught Road, Central London, EC4N 6EJ Hong Kong Direct Tel + 44 (0)20 7280 0012 Direct Tel +852 3911 8737 E-mailnkdentoom@metdist.com E-mailshirleyxiao@ccbintl.com
Chinese Premier Li Keqiang and French Prime Minister Manuel Valls, witnessed the signing of a MoU on cooperative development and promotion of RMB exchange-listed fund by China Construction Bank Corporation (CCB) Chairman Wang Hongzhang and Euronext Interim CEO Jos Dijsselhof. In the MoU, CCB and Euronext Paris agree to develop diversified RMB financial products in Europe, including the first RMB denominated money market ETF in Eurozone already listed on Euronext Paris.. CCB considers the first RMB denominated money market ETF in Eurozone launched by its subsidiary CCBIAM as a breakthrough, which strives to support the strategy of listing CCB’s RMB products in multiple markets, i.e. the implementation of a multi-time zone, cross-market offshore RMB fund, covering major markets worldwide. In recent years, CCB has been actively promoting its transition into a globalized conglomerate and its offshore RMB business in Europe is a key element in its internationalization strategy. Last year, CCB has signed a MoU with the London Stock Exchange. On 29 June , Chinese Premier Li Keqiang witnessed the signing of a MoU between CCB and Euroclear. And today, CCB agrees with Euronext Paris in developing RMB exchange-listed products. All these represent an important milestone in this developmental strategy. The cooperation with Euronext will drive the two parties in developing France offshore RMB market, establishing a RMB asset management and trading platform in Europe, and eventually creating a sustainable ecosystem for RMB in the area.
China Construction Bank Corporation (CCB) has today launched the first RQFII money market ETF in the Eurozone that is denominated and traded in RMB on Euronext Paris. CCB International Asset Management Limited (CCBIAM), the asset management arm of CCB International (Holdings) Limited (CCB International), a subsidiary of CCB, serves as the Investment Manager of the ETF. CCB Chairman Wang Hongzhang, Interim CEO of Euronext Jos Dijsselhof attended the listing ceremony, Head of Markets and Global Sales and CEO of Euronext London, Lee Hodgkinson, representative from the French Treasury, executives of Commerzbank and Euroclear bank witnessed this moment. By investing in the fixed-income securities in China via the RQFII quota provided by the investment manager, this first RMB fund jointly launched by CCB and Euronext Paris fulfils the demand of European investors for relatively stable return and liquidity. In the long run, it serves to promote the circulation, utilization and recognition of RMB in European markets. CCB considers the first RMB denominated money market ETF in Eurozone launched by its subsidiary CCBIAM as a breakthrough, which strives to support the strategy of listing CCB’s RMB products in multiple markets, i.e. the implementation of a multi-time zone, cross-market offshore RMB fund, covering major capital markets worldwide. CCB has signed a MoU with the London Stock Exchange last year. On June 29, Chinese Premier Li Keqiang, witnessed the signing of a MoU betweenCCB and Euroclear, the largest international clearing agent in the world. All of these together with the cooperation with Euronext lay a solid foundation for CCB International to further develop its asset management business in Europe. “Not only does this mark an important historical milestone in the internationalization process of CCB, it also demonstrates a significant achievement of the internationalization of the renminbi. This heralds an innovative and important step in – Sino-Euro financial cooperation,” says market analyst.
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