German stock market operator Deutsche Boerse AG (DB1.XE) is forming a strategic cooperation with Bank of China Ltd. (3988.HK) , Deutsche Boerse said Monday, aimed at developing the offshore renminbi market in Europe and with the potential for cooperation on services across the board. MAIN FACTS: -Financial details of the arrangement weren't disclosed. -"Our cooperation is an important step in closer cooperation between European and Chinese markets," Deutsche Boerse Chief Executive Officer Reto Francioni said. -"Against the backdrop of the rapid and persistent internationalization of the renminbi, the creation of a strategic partnership is a win-win situation for both sides," Bank of China Chairman Tian Guoli said. Source: Marketwatch