HKEX and TOCOM sign MOU
11 June 2018 Hong Kong
Image: Shutterstock
Hong Kong Exchanges and Clearing Limited (HKEX) and Tokyo Commodity Exchange (TOCOM) have signed a memorandum of understanding (MoU) to further promote their cooperation through information exchanges, staff exchanges, product development and joint promotion.
The MOU was signed by Li Gang, co-head of market development at HKEX, and Ryoichi Seki, TOCOM’s general manager of global business development department, during a ceremony hosted by HKEX.
Charles Li, Takamichi Hamada, and other senior executives from HKEX and TOCOM attended.
Charles Li, HKEX chief executive, said: “The signing of the MOU marks the start of a partnership with great potential. HKEX is dedicated to offering a wide range of asset classes and helping to increase China’s influence on global commodity pricing, while TOCOM has many years of experience in the commodity industry.”
He added: “Through the enhancement of communication and cooperation, both sides will benefit from the further development in their commodity business.”
Takamichi Hamada, president and CEO of TOCOM, commented: “TOCOM has a proven track record of providing global benchmarks and risk management tools for the precious metals industry.”
He added: “HKEX holds a unique position in the derivatives space, providing a bridge between Mainland China and rest of the world. Through this agreement, we will work together to develop the precious metals market in both countries.”
The MOU was signed by Li Gang, co-head of market development at HKEX, and Ryoichi Seki, TOCOM’s general manager of global business development department, during a ceremony hosted by HKEX.
Charles Li, Takamichi Hamada, and other senior executives from HKEX and TOCOM attended.
Charles Li, HKEX chief executive, said: “The signing of the MOU marks the start of a partnership with great potential. HKEX is dedicated to offering a wide range of asset classes and helping to increase China’s influence on global commodity pricing, while TOCOM has many years of experience in the commodity industry.”
He added: “Through the enhancement of communication and cooperation, both sides will benefit from the further development in their commodity business.”
Takamichi Hamada, president and CEO of TOCOM, commented: “TOCOM has a proven track record of providing global benchmarks and risk management tools for the precious metals industry.”
He added: “HKEX holds a unique position in the derivatives space, providing a bridge between Mainland China and rest of the world. Through this agreement, we will work together to develop the precious metals market in both countries.”
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