Frankfurt/Main, Germany, October 24, 2018 – With today’s listing of Qingdao Haier (ISIN: CNE1000031C1) the China Europe International Exchange (CEINEX) has started its new market for Chinese blue-chips in Frankfurt: the CEINEX D-Share Market. The newly issued shares of the internationally leading producer of consumer electronics and home appliances, headquartered in Qingdao in China’s Shandong province, are listed in the Prime Standard, which is part of the EU-regulated market of the Frankfurt Stock Exchange (FSE) and were quoted at € 1.06 at the start of trading.
By starting this market, CEINEX provides for a new bridge in connecting the Chinese and international markets for Chinese issuers and investors globally. While the D in D-Shares stands for “Deutschland” or “Déguó”, the name for Germany in Chinese, D-Shares are shares issued by companies incorporated in accordance with the Company Act of the People’s Republic of China and listed on the CEINEX D-Share Market through admission to trading on the EU-regulated market of the FSE.
Dr. Han Chen, Co-Chief Executive Officer of CEINEX, says, “Today we celebrate the opening of a new bridge between China’s and Europe’s financial markets. Haier, as the international leader in white goods, is a wonderful first D-Share company. CEINEX is looking forward to further establish its platform and grow the D-Share Market with more Chinese blue-chips in the future. The first D-Share IPO and listing by Haier marks the beginning of a new era for Chinese companies on European capital markets.”
Companies such as Qingdao Haier – that have a primary listing on the Shanghai Stock Exchange – filing for a listing on the CEINEX D-Share Market have to fulfill certain criteria to be accepted to the market. Under the initial strategy of the “A plus D-model” those corporations that have shares listed on a Chinese exchange (A-Shares) and are looking for a secondary listing (D-Shares) need to provide proof of no sanctions by the exchange regulator as well as the exchange over the past three years, show no alerts for a delisting and committed no severe violation of information disclosure over the last twelve months prior to the planned listing in Frankfurt. As soft factors, companies wanting to be listed on the CEINEX D-Shares market must, for example, have a clear international strategy, a good track-record, substantial business in Europe, and a reliable dividend payout policy.
The CEINEX D-Share Market facilitates the issuers to support their international strategy and promote their business expansion by raising capital as well as increasing credibility in Europe. For global investors it provides the opportunity to invest in Chinese companies directly in Europe to diversify their asset allocation during European and US trading hours and under European regulation and in Euro.
Deutsche Bank acted as global coordinator for the IPO, with J.P. Morgan, UBS and CICC as joint bookrunners. Deutsche Bank and Baader Bank are designated sponsors in Xetra trading, Baader Bank is also the specialist on Börse Frankfurt.
About China Europe International Exchange AG (CEINEX)
Based in Frankfurt/Main, Germany, CEINEX is a joint venture established by the Shanghai Stock Exchange, the Deutsche Börse Group, and the China Financial Futures Exchange. As the first market place for listed RMB- and China-related investment products outside Mainland China, it acts as a unique and neutral bridge between the Chinese and international financial markets. CEINEX is dedicated to providing reliable financial instruments to investors as well as to promote RMB internationalization.
D-Shares refer to shares issued by companies limited by shares incorporated in Mainland China and listed in Germany on the Frankfurt Stock Exchange in the CEINEX D-Share Market. The “D” stands for “Deutschland” or “Déguo´”, which means Germany in Chinese. CEINEX utilizes the infrastructure of Deutsche Börse Group for all D-Share listings and trading. D-Share issuance is subject to the prior approval of the China Securities Regulatory Commission (CSRC) and the prospectus shall be approved by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht or short BaFin). D-Shares are eligible to be traded on Xetra®, the fully electronic trading platform of Deutsche Börse Cash Market. D-Share listing requirements and procedures follow the rules and regulations of the regulated market of the Frankfurt Stock Exchange under EU-regulatory standards. D-Share listed companies need to comply with follow-up obligations of the market chosen for public offering, which is Deutsche Börse’s Prime Standard.
Media contacts for CEINEX:
German and English-speaking Media
Mr. Sascha Dettmar
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Chinese and English-speaking Media
Ms. Huanyu Zhou
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China Europe International Exchange AG (CEINEX)
Further information about CEINEX is available under http://www.ceinex.com.
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These materials are not for distribution, directly or indirectly, in or into the United States (including its territories and possessions, any State of the United States and the District of Columbia), Australia, Canada or Japan. These materials do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States, Australia, Canada or Japan. The securities mentioned herein have not been, and will not be, registered under the US Securities Act of 1933, as amended (the “Securities Act”).
The securities may not be offered or sold in the United States, except pursuant to an exemption from the registration requirements of the Securities Act. There will be no public offer of the securities in the United States.
This publication constitutes neither an offer to sell nor a solicitation to buy securities. The offer will be made solely by means of, and on the basis of, a securities prospectus which is to be published. An investment decision regarding the publicly offered securities of Qingdao Haier Co., Ltd. should only be made on the basis of the securities prospectus. The securities prospectus will be published promptly upon approval by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) and will be available free of charge from Qingdao Haier Co., Ltd., No. 1 Haier Road, Qingdao City, People’s Republic of China, or on the Qingdao Haier Co., Ltd. website.