On 10 June 2019, Qianhai Mercantile Exchange (QME) signed a strategic cooperation agreement with Guangzhou Commodity Exchange (GCE/GZCMEX) to commence wide-ranging cooperation in aspects like market expansion, information exchange, industry conferences and training based on their respective business.  Their cooperation will further extend to the development of OTC business, hot rolled coil index, mutual recognition of infrastructure, interchange/swaps of products and the establishment of a broad trading system/ comprehensive systems covering trading and related aspects.

QME and GCE/GZCMEX will engage in all-round and in-depth business cooperation in multiple fields on the principle of win-win and mutual benefit and through resource sharing and leveraging the complementary advantages.  Through this cooperation, they/we hope to form a three-dimensional/extensive ecosystem penetrating the upstream and downstream of the commodity industry to better serve the real economy.
 

Zhang Qingpeng, the President of Guangzhou Commodity Exchange, and Fan Wentao, Pierce, the Chief Operating Officer of QME signed a memorandum of cooperation on behalf of GCE/GZCMEX and QME respectively in the presence of two witnesses, namely Liu Xiaohong, the Party Secretary and Chairman of China Canton Exchange Group and Dong Feng, General Manager of QME.  Zeng Jie (Vice President of GCE/GZCMEX), Huang Haisu (Senior Vice President and Head of Marketing Department of QME) and Xu Honglin (Assistant Vice President of Marketing Department of QME) also attended the signing ceremony.