Dalian Commodity Exchange, China Construction Bank Renew Strategic Cooperation Agreement

On June 22, Dalian Commodity Exchange (DCE) and China Construction Bank (CCB) renewed the comprehensive strategic cooperation agreement in Dalian. Attending the signing ceremony were DCE chairman Li Zhengqiang, DCE CEO Wang Fenghai, Zhang Gengsheng, executive director and vice president of the head office of CCB, and representatives of both sides. DCE and CCB inked the "Strategic Cooperation Agreement" in Beijing in 2014. Since then the two sides have carried out cooperation in futures margins depository management, the internationalization of the iron ore futures, futures asset management, bank pledge financing by standard warehouse receipts and other fields, having achieved significant results. Over the past three years, the two sides have conducted special research in internationalization of the iron ore futures, joined hands with CCB International to organize the iron ore futures information exchange sessions for overseas investors, and completed the cooperative upgrading and testing for the iron ore futures internationalization system. The CCB was also one of the earliest banks to provide the DCE with the pledge financing service with standard warehouse receipts, and accomplished DCE’s first standard warehouse receipt financing business.