Germany’s biggest exchange operator Deutsche Borse Group announced on Thursday that it has established a joint venture together with the Shanghai Stock Exchange (SSE) and the China Financial Futures Exchange (CFFEX).

The new project, the China Europe International Exchange (CEINEX), will be a new marketplace for interbank products, renminbi-denominated currency and interest-rate trading.

“CEINEX will offer investment products based on Chinese underlyings to international investors, starting with cash market products like ETFs (exchange-traded funds) and bonds. All cash market instruments will be tradable via Xetra, Deutsche Borse’s established cash marketplace with approximately 200 participants,” the German company said in a statement.

The agreement was signed in Beijing at a ceremony overseen by German Chancellor Angela Merkel and China’s Premier Li Keqiang.

The new partnership, based in Frankfurt, will be officially launched on November 18.

Earlier in the day, Deutsche Boerse and the China Foreign Exchange Trade System signed a strategic cooperation agreement aimed at connecting both markets and developing new financial products.

Deutche Boerse AG was founded in 1993. It operates the Frankfurt Stock Exchange.