Qianhai Mercantile Exchange (QME) entered into a strategic cooperation agreement with Lianyungang Port Holdings Group in Shenzhen on 15 April 2019.

Fan Wentao, Pierce, the Chief Operating Officer of QME and Li Chunhong, Executive Vice President of Lianyungang Port Holdings Group signed the strategic cooperation agreement on behalf of the parties, in the presence of witnesses including Dong Feng, General Manager of QME and Ding Rui, Chairman of Lianyungang Port Holdings Group.
 

General Manager Dong Feng welcomed and welcomed Chairman Ding Rui and his colleagues.  Dong Feng first introduced the positioning, operation mode and development concept of QME and went on to say that QME hoped to ultimately serve the real economy by forming spot benchmark prices, solving enterprises’ financing difficulties and achieving control over market prices.  He also expressed his appreciation of the geographical advantages of Lianyungang, asserting that the two parties are important for each other in terms of promoting the development of their respective businesses and complementing each other.  The purpose of this cooperation is not only to promote and facilitate the parties’ existing businesses, but also to leverage their cross-industry advantages and unique values and accelerate the implementation of specific collaboration through replacing traditional industry concepts with scientific and technological means and the pragmatic spirit of the parties, to help enterprises find financing channels, thereby boosting the development of the real economy.

Following Dong Feng’s welcoming speech, Chairman Ding Rui also introduced the development history, environment and trends of Lianyungang Port and its role in implementing the Mainland’s “Belt and Road” initiative.  Ding added that as an international hub and logistics port, Lianyungang enjoyed the geographical advantages and could serve the real economy.  Ding regarded this cooperation as a landmark in two respects: a real foundation and a real need/as one based on realities and on real needs.  He looked forward to QME’s trading/business model and development outlooks and was optimistic about their cooperation.

Both parties agreed to implement the cooperation as soon as possible and through in-depth technical transformation, to admit/bring in more financial and insurance institutions to reduce the financing costs of enterprises, and ultimately promote the common development of both parties and the enterprises.

Huang Zhihai (General Manager of Shanhai (Hong Kong) International Investments Limited), Li Ping (Head of the Operations Department of Lianyungang Port Co., Ltd), Xiao Ping/Margaret Xiao (Chief Administrative Officer of QME) and Wu Junxiang (Head of QME Technology Innovation Department) also attended the signing ceremony.