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The Tokyo Commodity Exchange, Inc. (TOCOM) announced today the signing of a Memorandum of Understanding (MOU) with CITIC Futures International Co. Limited (CITIC Futures International). The MOU establishes a cooperative relationship where the parties will collaborate on mutually beneficial business opportunities. They will also pursue projects to increase market liquidity, reliability and operating efficiency.
CITIC Futures International is a Hong Kong subsidiary of CITIC Group, a major state-owned conglomerate in the People’s Republic of China. CITIG Group was established in 1979 and operates in finance, energy, manufacturing and real estate. Currently, CITIC Futures International is applying for a TOCOM remote broker membership. TOCOM and CITIC Futures Company Limited, the parent company of CITIC Futures International based in Shenzhen, are planning a joint marketing project in mainland China.
