LONDON -- London Stock Exchange (LSE) Wednesday announced that it welcomed the firstLondon listed Renminbi (RMB) dominated money market Exchange Traded Fund (ETF), "Commerzbank CCBI RQFII Money Market UCITS ETF" to be traded on the bourse.

　　The new ETF is the first to offer both institutional and retail investors exposure to money marketinstruments which invest in China's inter-bank market. It will be settled in RMB, Great Britishpound (GBP) and euro (EUR), said LSE in a press release.

　　The listing is also the first of its type in any European market, noted the bourse. And CCBInternational Asset Management Limited is acting as its fund manager.

　　CCB International Asset Management is a subsidiary of CCB International (Holdings) Limited,which is a Hong Kong-based arm of the China Construction Bank.

　　Jin Xu, Minister Counselor of the Embassy of the People's Republic of China in Britain, said: "Today, we witness a further achievement on building off-shore RMB center in London, which wehope to see more in the future. I do believe, with passion and innovation, the UK can continuallyplay an important role in the RMB internationalization."

　　Andrea Leadsom, Economic Secretary to the Treasury of Britain said: "The launch of thisinnovative new product, which will provide further opportunities for British and other globalinvestors to invest directly into China, underscores Britain's position as the western centre foroffshore RMB and a global centre for asset management."

　　Xavier Rolet, chief executive officer at London Stock Exchange Group, said: "This is a landmarklisting for London and an important sign of the market's openness to new RMB productdevelopment. We are fully committed to supporting the efforts of the Chinese and the UKGovernments in developing an off-shore RMB market in London through innovation andpartnership."

　　Data showed that there are currently four RMB Qualified Foreign Institutional Investor (RQFII)ETFs listed on London Stock Exchange and since the first London listing in January 2014, RQFIIETFs have traded over 1.5 billion pounds (or 2.4 billion U.S. dollars) in value.