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The Hong Kong Mercantile Exchange (HKMEx), China’s global marketplace, announces today the addition of Zhujiang International Futures Company Limited as a broking member.
“We are pleased to have Zhujiang International Futures aboard,” said HKMEx Co-President Jane Wang. “With membership now totaling 35, HKMEx continues to forge ahead in developing the networks necessary to drive growth and add depth to a commodity marketplace based in Hong Kong and serving the needs of both mainland Chinese and international market participants.”
Zhujiang International Futures managing director Fan Jianqiang said, “In joining HKMEx as a broking member, we look forward to providing our corporate and institutional customers not only HKMEx’s current US-dollar denominated product line-up, but also what will soon be the world’s first renminbi-denominated commodity futures contracts freely accessible to international market participants.”
Headquartered in Hong Kong, Zhujiang International Futures provides trading of futures and options listed on a variety of international markets from Hong Kong, Tokyo, London, to Chicago and New York. Its product range includes futures and options on precious and non-ferrous metals, energy, agriculture, foreign exchange, interest rate, as well as stock market indices. As a broking member, Zhujiang International Futures will have access to HKMEx’s electronic platform for commodities trading in the Asia Pacific time zone. The firm’s membership status will enable it to trade proprietarily and on behalf of clients.
HKMEx currently offers a 32 troy ounces (1 kilo) gold futures contract and a 1,000 troy ounces silver futures contract. Both are denominated in US dollars with physical delivery in Hong Kong. Going forward, the Exchange plans to launch gold, silver and copper contracts denominated in renminbi, followed by other products in precious and base metals, as well as energy, agriculture, and commodity indices. The Exchange’s membership includes six clearing members and 29 broking members.
