DCE and Bank of China Sign Strategic Cooperation Agreement
On March 16th, the Dalian Commodity Exchange (DCE) and Bank of China signed a “Comprehensive Strategic Cooperation Framework Agreement” in Beijing. Bank of China chairman Xiao Gang, Vice Presidents Zhang Yanling and Chen Siqing, DCE President Liu Xingqiang and Vice-President Guo Xiaoli all attended the signing ceremony.
According to the Agreement, the two parties will further strengthen cooperation and partnership efforts, such as foreign and domestic client resource sharing, warrant collateral financing, supply chain financing, new banking and futures product development, finance technology innovation and group finance services in order to provide clients with more convenient services.
According to the Bank of China, they have always attached great importance to cooperation between the futures and banking industries, and it has established a good business relationship with the DCE. Since becoming the DCE’s margin account management bank in 2003, the Bank of China has actively served the DCE and its client, providing quality futures margin management, futures trading funds transfers and clearing services. At present, the Bank of China has established long-term business relationships with the DCE and 60 of its member futures companies.