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SHANGHAI, Jan. 9 (Xinhua) -- Chinese companies may be allowed to sell D-shares on a German-based exchange in 2017, sources with the Shanghai Stock Exchange (SSE) have revealed.
The proposal is now in the hands of the Frankfurt-based China Europe International Exchange (CEINEX).
The CEINEX is an off-shore yuan-denominated assets trading center that was established in December 2015 by the SSE, German Borse Group and the China Financial Futures Exchange.
The sources said blue-chip manufacturers listed on China's A-share market with a clear international development strategy are likely to be selected as the first to issue D shares. More companies will be encouraged to trade as the D-share market develops.
Companies will need approval from both Chinese and German regulators to issue D-shares, the sources added.
