2024-05-23 12:28:35
Chittagong Inventory Alternate PLC Chairman Asif Ibrahim visited Qianhai Mercantile Alternate (QME) positioned in Guangdong, China.
On Wednesday (Might 22), he visited the China Commodity Alternate for the longer term cooperation of Bangladesh Commodity Derivatives Market. This info has been knowledgeable within the press launch despatched by CSE.
Through the go to, Asif Ibrahim held a gathering with prime officers of Qianhai Mercantile Alternate (QME). Within the assembly fruitful discussions have been held for future cooperation within the areas of consultancy companies, enterprise cooperation, info expertise help and buyer-seller help to ascertain an environment friendly commodity derivatives market in Bangladesh.
QME is a bodily commodity buying and selling platform collectively established by China’s Hong Kong Exchanges and Hong Kong Clearing Restricted. Its shareholders are Hong Kong Group and Qianhai Monetary Holding. It’s positioned in Shikou, Qianhai Pilot Free Commerce Zone, Guangdong, China.
QME formally debuted with alumina buying and selling on October 19, 2018. The primary bodily transaction was 3,000 tons of alumina, priced at ¥3,330 per ton. This transaction occurred between Chelco Commerce and Ximen Jiangu.
Be aware that this transaction marks the primary ever benchmark worth transaction for bodily alumina based mostly on precise market transactions at the moment. QME’s mission is to ascertain a standardized useful resource framework to attach monetary markets via expertise, cross-border cooperation and finance to offer a sensible answer to financing issues for bodily enterprises.