Deutsche Börse and Shanghai Stock Exchange set up yuan trading platform

Germany’s Deutsche Börse has announced that it is teaming up with the Shanghai Stock Exchange and the China Financial Futures Exchange to create a joint trading centre for Renminbi-backed products in Germany. To be called the China Europe International Exchange, the new service  is to be launched in mid-November in Frankfurt and will be the first dedicated platform for yuan-denominated trading outside the  Chinese mainland.