Chinese home appliance maker Qingdao Haier has gained approval from the local authorities for an offshore-listing on the China Europe International Exchange (CEINEX).
The company’s stocks were approved to appear on the D-Share Market, a forthcoming initiative that CEINEX will operate as part of the Frankfurt Stock Exchange.
Chen Han, co-chief executive of CEINEX, said the decision by the China Securities Regulatory Commission was “a great encouragement”.
He added that CEINEX was in the process of developing the regulatory framework and market infrastructure for the D-Share Market, which is intended to offer European investors the ability to trade shares in Chinese companies in Europe and under European regulations.
CEINEX is a joint venture from the Shanghai Stock Exchange, Deutsche Börse Group and the China Financial Futures Exchange.
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