Euroclear Bank, the Brussels-based international central securities depository (ICSD), and CCB International Asset Management (CCBIAM), the asset management arm of CCB International (Holdings) (CCB International), and Commerzbank AG have teamed-up to issue the first ever renminbi-denominated money market ETF in international form: Commerzbank CCBI Investment Funds ICVC - Commerzbank CCBI RQFII Money Market UCITS ETF.

In this industry first, the ETF will be listed and traded in renminbi, pound and euro on the London Stock Exchange, and settle directly in the ICSD - Euroclear Bank. CCBIAM and Euroclear Bank have combined their efforts to launch renminbi settlement and laid the foundations for future renminbi-denominated ETFs to develop in European markets.

Hu Zhang Hong, chief executive officer of CCB International stated: "Our partnership with Euroclear is the result of months of co-operative discussion about how we can best tap into London-based investors, and in future, other pools of wealth. London has long been a champion in promoting initiatives and enhancing infrastructure, and has become a vibrant renminbi centre. I would like to pay tribute to the key infrastructure provider - Euroclear - in making today's launch a reality. But this is just the beginning; we will continue the fruitful dialogue on the international renminbi market with our Hong Kong and mainland regulators and our partners in Europe."