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HKEX Chief introduces Qianhai platform to Premier Li Keqiang

Corporate
12 Oct 2016

HKEX Chief Executive Charles Li introduced HKEX’s Qianhai commodities platform to Chinese Premier Li Keqiang during the premier’s visit to Southern China to mark the 2016 National Mass Innovation and Entrepreneurship Week in Shenzhen today. Charles Li described HKEX's plan to build an LME-like platform in Mainland China to fill the gap in the domestic market and support the country's physical economy.

With its credibility, resources and deep understanding of the commodities ecosystem, HKEX is ideally positioned to build a warehousing logistics system as well as reliable and efficient trading, settlement and risk management platforms, Charles Li said.

Last month, HKEX and the Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone signed a Memorandum of Understanding for the Qianhai commodities platform, which is aimed to be launched by mid-2017.


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Updated 12 Oct 2016