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The Introduction of German Cash Market
The Introduction of German Cash Market

Deutsche Burse Group is the largest, most advanced and global with the most comprehensive services and highest efficiency. The purpose is to assist companies with financing, to establish good reputation, open effective yet low-cost channels for listing, and build up connections with the European markets. Listing in Deutsche Stock Exchange promotes companies as a truly global firm and lay down a solid ownership financing foundation for its long-term development, and leads the company into the full integration with the European and even the global market.

The Deutsche Exchange Group has 8 stock exchanges, among which the largest one is Frankfort Stock Exchange. With the soaring profits of the domestic and abroad trades in Germany, companies strengthen quickly and greatly. Along with the reform in financial system, the stock market turns increasingly appealing. In 1992, the German Federal Government accomplished electronization in Frankfurt Stock Exchange and took many measures in accordance with the international standards, making Germany the important financial centre in the world. Frankfurt is composed of four elements: authority agents, business traders, liberal businessmen, and specialist businessmen.

Frankfurt is one of the largest capital markets in the world. As the second largest financial centre in Europe, it is the third most important stock exchange, only next to New York and London. In addition it is one of the largest markets in terms of accumulated capital. The European Central Bank and German Federal Bank are both located in Frankfurt. 367 banking agents and 163 insurance companies settle their offices in Frankfurt, of which 224 and 45, respectively, are oversea companies. Over 90% of German stocks and equity are exchanged in Frankfurt. Now there are more than 170 Chinese companies exchanging in Frankfurt liberal market.

German Stock Exchange supplies 3 markets, including two markets organized in accordance with the WPHG, i.e. the "official market", "reconstructed market", and "liberal market". These three markets differ in their restrictions on market entry and information revelation, the "official market" imposes the most rigorous restriction, the reconstructed market taking the less rigorous ones whiles the liberal market demanding the least.

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