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China's FX trading operator, Deutsche Boerse agree to form JV in Germany

German Chancellor Angela Merkel (right) walks with Chinese Premier Li Keqiang during a welcome ceremony outside the Great Hall of the People in Beijing on Oct 29, 2015.

[BEIJING] China's foreign exchange trading operator and Germany's Deutsche Boerse signed an agreement to establish a joint venture in Germany, with each side holding a 50 percent stake, the China Foreign Exchange Trade System said on Thursday.

The agreement was signed in Beijing at a ceremony overseen by German Chancellor Angela Merkel and China's Premier Li Keqiang, the operator said on its website (