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Dalian Commodity Exchange (DCE) and the Guangdong Provincial Government signed a strategic cooperation agreement, in a bid to strengthen bilateral exchanges and cooperation, facilitate the construction of the multi-level capital market, and to further promote the co-development of Guangdong’s futures industry and DCE. Chen Yunxian, Vice Governor of Guangdong province, and Liu Xingqiang, DCE Chairman, and Li Zhengqiang, DCE CEO, attended the signing ceremony. Liu Wentong, Chief of the Guangdong Provincial Finance Office, and Li Zhengqiang signed the strategic cooperation agreement.
According to the agreement, the two sides will establish and improve the coordination mechanisms of new futures product development and futures delivery warehouse setup. The two sides will also establish and improve the cooperative mechanisms of development, service, education and training of the futures market. Furthermore, the two sides will cooperate in establishing and improving timely and convenient exchange and visit mechanisms.
An official of DCE said that DCE will expand the market through the strategic cooperation with the Guangdong government to increase its influence in the Pearl River Delta and other economically developed areas, and it will take effective use of economic resources, give full play of the futures market’s functions with Guangdong’s leading role in China’s economy, in a bid to further improve its service level for the real economy.
A spokesman from DCE said that its cooperation with Guangdong will be an important start for strengthening contact and collaboration between the futures industry and local governments and boosting the sound development of the futures market and relevant industries, which will better promote the construction of multi-tiered capital market and enhance DCE’s ability to serve the real economy.
