China Europe International Exchange welcomes today’s announcement of Qingdao Haier’s intention to float shares in the Prime Standard of the Frankfurt Stock Exchange. Haier is an internationally leading producer of consumer electronics and home appliances headquartered in Qingdao in China’s Shandong province, with a primary listing on the Shanghai Stock Exchange.

Dr. Han Chen, Co-Chief Executive Officer of CEINEX, says, “We are delighted to welcome Haier as the first Chinese blue-chip company on the Frankfurt Stock Exchange. This is an important step for CEINEX on its way to establish its platform as a link between European and Chinese financial markets.”

Haier will be the first public offering on CEINEX’s D-Shares Market, which is part of the EU-regulated market of the Frankfurt Stock Exchange. “For us, it was important to attract a candidate for the first listing that satisfied our particularly stringent selection criteria.” Chen adds. Company’s 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.

“Qingdao Haier is just that type of company,” says Chen. “They are seizing their opportunity to develop into a truly global enterprise not even in terms of worldwide market share but also in terms of European capital market access to support their long-term development strategy. Haier’s D-Share IPO is a first promising step for the D-Shares Market on the Frankfurt Stock Exchange and we welcome more Chinese blue-chips to issue D-Shares in the future.”

Source: Ceinex