Hong Kong Exchanges and Clearing Limited (HKEX) and Beijing Antaike Information Co Ltd (Antaike) signed a Memorandum of Understanding (MOU) in Beijing on 24 May to establish a deeper strategic partnership. Based on the existing alumina quotation cooperation, the MOU seeks to further expand the cooperation in the spot market of non-ferrous metal, and two parties jointly promote the internationalisation of spot prices of Mainland China’s non-ferrous metals.
The MOU was signed by Dennis Zhang, HKEX Managing Director of Market Development, and Ren Baifeng, Deputy General Manager of Antaike. HKEX Head of Market Development Li Gang, Deputy Chairman of China Non-Ferroes Metals Industry Association Wen Xianjun, Chairman of Antaike Zheng Jiaju, and General Manager of Qianhai Mercantile Exchange Dong Feng witnessed the signing.
Other senior executives from HKEX and Antaike also attended the signing ceremony.
Witnessed by Wen Xianjun, Deputy Chairman of China Non-Ferroes Metals Industry Association (standing, middle), Li Gang, HKEX Head of Market Development (standing, third from right), Zheng Jiaju, Chairman of Antaike (standing, third from left), and Dong Feng, General Manager of QME (standing, second from right), Dennis Zhang, HKEX Managing Director of Market Development (seated, right), and Ren Bofeng, Deputy General Manager of Antaike (seated, left), signed the HKEX-Antaike MOU. Senior Vice President of QME Marketing Department Dennis Huang (standing, first from right), Antaike General Manager Jiang Guofeng (standing, second from left), Chief Expert Xiong Hui (standing, first from left) attended the signing ceremony.
About HKEX
Hong Kong Exchanges and Clearing Limited (HKEX) is one of the world’s major exchange groups, and operates a range of equity, commodity, fixed income and currency markets. HKEX is the world’s leading IPO market and as Hong Kong’s only securities and derivatives exchange and sole operator of its clearing houses, it is uniquely placed to offer regional and international investors access to Asia’s most vibrant markets.
HKEX is also the global leader in metals trading, through its wholly owned subsidiaries, The London Metal Exchange (LME) and LME Clear Limited. This commodity franchise was further enhanced with the launch of Qianhai Mercantile Exchange, in China, in 2018.
HKEX launched the pioneering Shanghai-Hong Kong Stock Connect programme in 2014, further expanded with the launch of Shenzhen Connect in 2016, and the launch of Bond Connect in 2017.
www.hkexgroup.com
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