BOCOM International Securities and China Everbright Join HKMEx as Members

HKMEx Chairman Barry Cheung

HKMEx Chairman Barry Cheung

The Hong Kong Mercantile Exchange (HKMEx), China’s global marketplace, further extends its reach into mainland China by adding BOCOM International Securities Limited and China Everbright Forex & Futures (HK) Limited as its newest broking members. The two additions bring HKMEx members to a total of 29, including the five new members joining since the beginning of the year.

The approval of BOCOM International Securities and China Everbright Forex & Futures as HKMEx members will enable them to access a world-class electronic platform for trading commodity futures in the Asia Pacific time zone, benefiting from the Exchanges’ transparent, liquid and cleared market environment.

HKMEx Chairman Barry Cheung said, “We are pleased to welcome aboard two such highly recognizable names in the mainland financial services sector. Their addition will further enhance the Exchange’s reach into the mainland and deepen existing market liquidity which recently crossed the 10,000 daily trading volume mark for US-dollar gold.”

BOCOM International Securities is part of China’s Bank of Communications, one of five leading commercial banks in China with over 2,800 branches in 80 major cities. BOCOM International Securities specializes in futures contracts and equities trading, as well as in margin financing. China Everbright Forex & Futures’ parent, Everbright Securities Co., Ltd, is a core business of China Everbright Group and a market leader in the mainland securities business in terms of scale and coverage.

Tan Yueheng, Chief Executive Officer of BOCOM International Holdings, the holding company of BOCOM International Securities, said, “BOCOM International Securities is committed to offering our clients the highest quality financial services. Joining HKMEx allows our clients access to the Exchange’s internationally-traded US-dollar gold and silver futures contracts as well as its upcoming renminbi-denominated products. This will give our clients increased investment opportunities while allowing for risks to be further minimized through diversification.”

Chen Hong, Executive Director and Chief Executive Officer of China Everbright Securities International Limited, said, “We are impressed with HKMEx’s commitment to bridge China’s burgeoning commodity markets with other trading centres around the world. We look forward to making use of the Exchange’s exciting electronic marketplace to better serve our clients throughout our extensive network in mainland China as well as in Hong Kong.”

In addition to an expanding membership roster, HKMEx also recently extended its reach in mainland China through the launch of its real time market data on Webstock – China’s largest futures information systems provider.

HKMEx currently offers a 32 troy ounces (1 kilo) gold futures contract and a 1,000 troy ounces silver futures contract. Both are denominated in US dollars with physical delivery in Hong Kong. Going forward, the Exchange plans to launch gold and copper contracts denominated in renminbi, followed by other products in precious and base metals, as well as energy, agriculture, and commodity indices.

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