Hong Kong Exchange and Clearing Limited (HKEX) and Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone siged on Tuesday a Memorandum of Understanding (MOU) to explore potantial cooperation in the fields of financial service and financial innovation, according to the HKEX.
The HKEX aims to develop a well-regulated, transporent and reliable spot commodities trading venue on the Mainland backed by physical delivery and a warehourse system to support the real economy, said Li Xiaojia, chief executive of HKEX, adding that this agreement will provide a solid basis for advancing spot commodities initative.
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