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Deutsche Börse seals joint venture with Chinese exchanges

The China Europe International Exchange is poised to kick off in the fourth quarter of 2015

Deutsche Börse seals joint venture with Chinese exchanges

Deutsche Börse on Wednesday said it sealed a joint venture with two Chinese peers to sell licensing rights for yuan-denominated investment products based on Chinese benchmark market indexes in Europe.

Deutsche Börse and the Shanghai Stock Exchange will hold 40% each in the venture, with the rest held by the China Financial Futures Exchange, the German stock exchange operator said.

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