On the second day into the LME Week Asia 2014, HKEx and the Hong Kong branch of China Minsheng Banking Corp signed an MOU for strategic co-operation on solutions for market users and product development. The MOU will help Minsheng in its delivery of hedging and other value chain solutions to its clients, and it will give HKEx access to Minshing’s large client base for product marketing. “The MOU we signed today is a milestone for both parties and marks the beginning of HKEx’s collaboration with Chinese banks in providing hedging and risk management tools for buyers and sellers of commodities throughout the value chain,” HKEx Chief Executive Charles Li said. “MOUs like this one are an ideal way for us to collaborate with a wide range of banks and organisations not yet part of our Exchange Participants community.”
HKEx also held an Asia commodities seminar today for almost 200 people from its Exchange Participants (EPs) to introduce new commodities futures contracts it plans to launch in the second half of 2014. The seminar aimed to help EPs to prepare for the product launch.
