Hong Kong Exchanges and Clearing Limited (HKEx) and China Financial Futures Exchange (CFFEX) signed a Memorandum of Understanding (MOU) Wednesday) January 11 on cooperation and the exchange of information.

The MOU was signed by HKEx Chief Executive Charles Li and CFFEX President Zhu Yuchen at a ceremony in Shanghai. Yang Qiumei, Head of Mainland Development of HKEx, joined Li Zhengqiang, Hu Zheng and Lu Dongsheng, deputy general managers of CFFEX and other senior representatives of the two exchanges to witness the signing.

“CFFEX is at the forefront of the Mainland’s financial development and HKEx, as an international exchange, is playing a leading role in China’s economic development,” Li said. “This shows that the two exchanges can work together towards a common goal.” Li also said the signing of the MOU will take the cooperation between the two exchanges to a new stage.

Zhu said, “HKEx gave CFFEX a lot of support during its establishment. This MOU is the first that CFFEX has signed with another exchange.” Zhu believes the MOU will strengthen cooperation between the two exchanges in the future.

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