German stock exchange Deutsche Borse opens Beijing office

BEIJING, Dec. 12 (Xinhua) -- Deutsche Borse, the Germany-based security exchange group, opens its representative office in Beijing on Friday.

The runner of Frankfurt Stock Exchange was approved on Sept. 26by the China Securities Regulatory Commission to set up its Beijing office. Wu Jianhong will be the Chief Representative Officer.

"The opening under the global financial crisis shows our strong confidence in the Chinese market," the group's deputy CEO Andreas Preuss said.

Frank Gerstenschlager, member of the company executive board responsible for the cash market, said the exchange would place China's high-tech companies as its business focus, especially those in the fields of clean energy, renewable resources and environment protection.

Currently, 13 Chinese companies have been listed at the Frankfurt Stock Exchange, one of the world's largest stock exchange center whose turnover takes up 90 percent of Germany's total.

Deutsche Borse has established business partnership with several financial institutes in China, including major mainland equity centers Shanghai Stock Exchange and Shenzhen Stock Exchange.

The group covers the entire security exchange process from trading, clearing, to settlement and securities custody. It also offers market data, indices and analyses.