Introduction of the China Competence Center

The China Competence Center (CCC) of the Frankfurt and Darmstadt Chamber of Commerce and Industry is a platform for the Hesse-China economic exchange. It supports its member companies in all questions regarding China business, be it in the import/export, founding of a company, recruitment or other topics. At the same time, the China Competence Center acts as a contact point for the more than 550 Chinese member companies in the Frankfurt Rhine Main area. Each year, the CCC organizes some 30 events; releases publications and sends out a monthly newsletter. Website:http://www.frankfurt-main.ihk.de/international/china_competence_center/de/

Renminbi Forum

FMF Leads Panel at Luxembourg Renminbi Forum

On June 15, 2016, international leaders from governments and the finance industry met for the third Luxembourg Renminbi Forum to discuss the internationalisation of the Chinese currency. Representing Frankfurt Main Finance at the Renminbi Forum, Hubertus Väth led an exciting panel discussion with leading Renminbi experts titled Stock Exchanges – New Role in RMB Internationalisation. Panelists included Kevin Rideout, Managing Director at Hong Kong Exchanges & Clearing, Robert Scharfe, CEO Luxembourg Stock Exchange, Tilman Fechter, Executive Director of Sales & Relationship Management, Investment Funds Services at Clearstream, and Jianhong Wu, Board Member at China Europe International Exchange (CEINEX). The panellists explored how European stock exchanges will support the internationalisation and growth of the Renminbi. Several initiatives are already underway, for example CEINEX, the first dedicated trading venue for China- and RMB-related investment products in international markets, was established in Frankfurt in 2015.

You can watch the entire panel discussion in the video below.

Video compliments of Luxembourg for Finance.

Successful market launch of CEINEX

CEINEX Launch ceremony with Chinese ambassador and the CEOs of SSE and Deutsche Börse

China Europe International Exchange (CEINEX), the joint venture of Shanghai Stock Exchange (SSE), Deutsche Börse and China Financial Futures Exchange (CFFEX) was successfully launched today in Frankfurt. First trades have already taken place in the first hours of market operations.

At 9 a.m. CET, the executive board members of CEINEX, Han Chen (Co-CEO) and Jianhong Wu (Board Member) opened the new market place with a bell ringing at the Trading Floor of the Frankfurt Stock Exchange. The launch ceremony took place in the presence of the Chinese ambassador Mr Shi Mingde and CEOs of the owners: Mr Huang Hongyuan, President of Shanghai Stock Exchange, and Mr Carsten Kengeter, CEO of Deutsche Börse AG. Read more

German-Chinese collaboration: an extraordinary success story

The Federal Republic of Germany and the People’s Republic of China established diplomatic relations in 1972. Since that time, both countries have been cultivating excellent political, economic and cultural relations.

Since 2004, the German-Chinese relations have been termed a “Strategic partnership with global responsibility” and have reached a new level through the establishment of annual government consultations. The last of these high-level consultations took place in Beijing in August 2012. Altogether, there are now more than 60 different dialogue forums, many of which are staged at a high government level.

There is also an active exchange of official, high-level visits between the two countries over and beyond the intergovernmental consultations. For instance, Prime Minister Li Keqiang already visited Germany during his first trip abroad in May 2013. On this occasion, he also inaugurated the German-Chinese Language Year together with German Chancellor Angela Merkel. The objective is to further promote the German language in China and the Chinese language in Germany.

What are the reasons for these outstanding bilateral relations? In Chinese consciousness, Germany is not burdened by a negative historical legacy in a similar way as, for example, Great Britain, France, the Netherlands, Japan or the United States. The fact that there are no historically conditioned prejudices against Germany in China is not the only reason for the high standing enjoyed by the Germans in the People’s Republic. Another important reason is the extremely good reputation of German industry. “Made in Germany” is synonymous with reliability, durability, and above all quality. Virtues such as hard work and discipline, regarded as typically German, are seen as the recipe for the country’s economic success.

The Deutsche Bank opened its first office in Shanghai more than 100 years ago and Siemens can also look back on a similarly long period of activity in China.

China has long gained a foothold in Frankfurt too. Guangzhou, the capital of the Chinese province of Guandong, has been its twin city since April 1988. Around 5,000 Chinese nationals live in the Main metropolis and more than 500 Chinese companies are resident in Frankfurt. 54 passenger aircraft take off to China from Frankfurt or land in Frankfurt from China every week; around 100,000 Chinese tourists visited the city during the past year. Also helpful for the reputation of the city of Frankfurt in China is the passion of the Chinese people for football: every single game of the German Bundesliga is broadcast in China.

Embassy of the People’s Republic of China

Märkisches Ufer 54
10179 Berlin
+49 30 27 58 80
www.china-botschaft.de

Consulate-General of the People’s Republic of China

Mainzer Landstr. 175
60327 Frankfurt am Main
+49 (0)69 90734687
www.china-botschaft.de

Embassy of the Federal Republic of Germany

Peking 17, Dong Zhi Men Wai Da Jie,
Chaoyang District, Beijing, 100600
+86 10 85 32 90 00
http://www.peking.diplo.de

Consulate-General of the Federal Republic of Germany

Kanton 14th floor, Teem Tower,
208 Tianhe Road,
Tianhe District, Guangzhou – 510620
+86 20 83 13 00 00
http://www.kanton.diplo.de

RMB Centre in Frankfurt deepens and consolidates German-Chinese economic relations

Germany is the largest economy in Europe and now home to the euro zone’s first renminbi clearing bank. Its economic relations with China have a long tradition and are continuing to grow steadily. China is currently the fifth largest export market for Germany and Germany is also the second largest supplier of goods and services for China. In short, Germany is by far China’s most important trading partner in Europe. Read more

Renminbi is a Top Priority in the Financial Centre

The German finance sector welcomes the agreement to open a clearing bank in Frankfurt for trade in renminbi. Frankfurt is the first financial centre in Europe with such an agreement and the only renminbi clearinghouse in the euro zone. Companies in Germany and Europe will benefit in China trading of improved conditions. Read more