![\"premiere_cotation_d_un_etf_en_renminbi_a_paris-2.jpg\"](\"http:\/\/beta.next-finance.net\/wp-content\/uploads\/2015\/07\/premiere_cotation_d_un_etf_en_renminbi_a_paris-2.jpg\")
<\/p>\nCCB
\nInternational Asset Management Limited, the asset management arm of CCB International (Holdings)
\nLimited (CCBI), serves as the Investment Manager of the ETF. CCBI and its affiliate companies are wholly
\nowned by CCB. In addition, Euronext signed a Memorandum of Understanding (MOU) with CCB to develop
\na strategy to enhance the bank\u2019s access to European capital markets.<\/p>\n
The Commerzbank CCBI RQFII Money Market UCITS ETF, which offers investors exposure to interbank bond
\nmarket in Mainland China, was successfully listed today and makes CCBI the 19th issuer on Euronext\u2019s
\nmarkets. The ETF will be available for trading in both RMB and Euros and will be settled exclusively with
\nEuroclear, the International central securities depository, in multiple currencies. Euronext now offers a total
\nof 646 ETFs on its pan-European markets. <\/p>\n
The MOU, signed in Paris in the presence of the Prime Minister of France, Mr. Manuel Valls and the Premier
\nof the State Council of the People\u2019s Republic of China, Mr. LI Keqiang, by Lee Hodgkinson, Head of Markets
\nand Global Sales and CEO of Euronext London and Anthony Attia, CEO of Euronext Paris, and WANG
\nHongzhang, Chairman of the Board of Directors of CCB, will explore how the two companies can further
\ndevelop CCB\u2019s access to European Capital markets. Areas under discussion include the possibility of CCBI
\nbecoming a trading member of Euronext markets; easing access to Euronext products within CCB; and RMB
\npayment and settlement structures. It is expected that the cooperation between the two companies will
\nfurther push forward RMB internationalization, and will enable Euronext markets to become offshore RMB
\nbusiness centres. The MOU will also pave the way for Chinese enterprises to come to Europe for finance,
\ninvestment and commodities trading.<\/p>\n
CCB is a leading commercial bank in China, providing a comprehensive range of commercial banking
\nproducts and services. Its business consists of three principal business segments: corporate banking,
\npersonal banking, and treasury operations. It is among the market leaders in China in a number of products
\nand services,including infrastructure loans,residential mortgage and bank cards. At the end of May 2015,
\nthe market capitalization of the Bank reached US$ 251.4 billion, ranking it third among listed banks in the
\nworld. <\/p>\n
<\/p>\n
WANG Hongzhang, Chairman of the Board of Directors of CCB said, \u201cDeveloping offshore RMB business in Thomas Timmermann, CEO of Asset Management at Commerzbank Corporates & Markets, commented, Stephan Pouyat, Global Head of Capital Markets at Euroclear, stated: “Further enhancing the RMB 2 trillion Jos Dijsselhof, Interim Chief Executive of Euronext said, \u201cWe are delighted to welcome CCB, one of China\u2019s ETFs are open-end investment funds that are listed on an exchange and continuously traded in the same
\nEurope is one of the key elements in CCB\u2019s internationalization strategy; the cooperation with Euronext
\nmarks another important historical milestone. We believe, not only does this allow us to gain further access
\nto the European capital markets, internationalize our operations, and provide our clients with additional
\nchannels to invest in Euronext Paris, it will also encourage an extensive use of RMB products by French
\nenterprises, financial institutions and investors, and ultimately drive the internationalization of the RMB.\u201d<\/em><\/p>\n
\n\u201cRMB is an increasingly important currency for investors and we are delighted to be able to broaden the
\nreach of this product to French investors. We appreciate and recognise the importance of the French
\ninvestor base in the internationalisation of the RMB. The ETF provides offshore investors the opportunity to
\nuse offshore renminbi deposits to invest in the mainland securities markets, with the aim of maintaining
\ncapital value and generating returns linked to the RMB money markets.\u201d<\/em><\/p>\n
\noffshore market, in close co-operation with CCB, showcases our ability to meet clients’ ever increasing need
\nfor access to quality international instruments. A day after signing a Memorandum of Understanding with
\nCCB in the presence of the Belgian Prime Minister Charles Michel and the Premier of the State Council of the
\nPeople’s Republic of China, Li Keqiang, Euroclear is privileged to be present at Euronext Paris today, where
\nCCBI’s latest international ETF is breaking new ground in a major European capital market. It positions
\nEuronext as the leading stock market for international ETF listing in continental Europe and we are
\nconvinced it will go a long way in helping CCB achieve their strategic objective of making RMB financial
\ninstruments available to an even wider investor base.”<\/em><\/p>\n
\nleading commercial banks, as investment manager on ETFs now listed on our Euronext markets. The RMB is
\nincreasingly used in cross border transactions so this is an exciting step for Euronext as we continue to
\ndevelop our offer in RMB denominated products and welcome Chinese investors to our market,
\nunderscoring our position as a leading financing centre able to attract high quality companies from across
\nthe world. We are very honoured to develop a new relationship with CCB to develop cooperation between
\nthe two companies and to reinforce our Euronext name in Asia.\u201d<\/em><\/p>\n
\nway as a normal share. In general, an ETF is linked to a benchmark index and aims to closely follow its
\nperformance. ETFs combine the simplicity of equities with the diversified risk of investment funds, and offer
\nflexible, low-cost exposure to entire markets or market segments through a single transaction. The low
\nlevel of management fees is a further benefit of ETFs.
\n
<\/a>\n\t\t\t<\/div><\/figure>\n\t\t<\/div>\n\n","protected":false},"excerpt":{"rendered":"