Hong Kong Exchanges and Clearing Limited (HKEX) and Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone (the Authority of Qianhai) today (Tuesday) signed a Memorandum of Understanding (MOU) to explore potential cooperation in the fields of financial services and financial innovation.

Mao Zhirong, Managing Director and Head of Mainland Affairs of HKEX, and Wang Jinxia, Deputy Director General of the Authority of Qianhai signed the MOU during a ceremony in Shenzhen.

The ceremony is witnessed by Ma Xingrui, Deputy Secretary of Guangdong Province, Communist Party Secretary of Shenzhen.

"HKEX aims to develop a well-regulated, transparent and reliable spot commodities trading venue on the Mainland backed by physical delivery and a warehouse system to support the Mainland's real economy," said HKEX Chief Executive Charles Li.  "The MOU we signed today marks the beginning of our joint effort with the Authority of Qianhai and provides a solid basis for advancing our spot commodities initiative."

Mao Zhirong, Managing Director and Head of Mainland Affairs of HKEX (right) and Wang Jinxia, Deputy Director General of the Authority of Qianhai (left) today signed a MOU on cooperation in Shenzhen.  Ma Xingrui, Deputy Secretary of Guangdong Province, Communist Party Secretary of Shenzhen and HKEX Chief Executive Charles Li attended the signing ceremony.

Note on the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone (Qianhai Zone) and the Authority of Qianhai

The Qianhai Zone was created to foster innovation in an area of Mainland China near its boundary with Hong Kong.  Today it is modern service industry zone as a result of the coordinated efforts of the governments of Guangdong Province and Hong Kong. The Authority of Qianhai, an agency established by the Shenzhen Municipal Government, is responsible for the development and construction, operations management, investment promotion, institutional innovation and comprehensive coordination of the Qianhai Zone.  For additional information, please see Qianhai Zone’s website.

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