CSE Chairman visits the QME for future collaboration of Bangladesh Commodity Derivatives Markets

Desk Report: Today on 22 May 2024, Mr. Asif Ibrahim, Chairman, Chittagong Stock Exchange PLC visited the Qianhai Mercantile Exchange (QME) at Guangdong, China. Mr. Ibrahim met the Top management of QME and had a fruitful discussion for future collaboration in areas of consultancy services, business cooperation, information technology support and buyer seller support for setting up an efficient Commodity Derivatives market in Bangladesh.

Qianhai Mercantile Exchange (QME) is a physical commodities trading platform initiated by Hong Kong Exchanges and Clearing Limited (HKEX Group) with HKEX and Qianhai Financial Holdings as joint shareholders. It is located in Shekou, Qianhai, Pilot Free Trade Zone, Guandong, China. QME officially made its debut on 19 October 2018 with trading in alumina. The first physical saw 3,000 tonnes of alumina changed hands Chalco Trade and Xiemen Xiangyu at a transaction price of 3,030 yuan a tonne, recording the first benchmark pricing of physical alumina based on actual transactions in the Mainland market. QME aims to set up a standardized asset framework connecting entities with the financial market through technology, cross-border cooperation and finance, to offer a practical solution to the financing difficulties facing physical enterprise.

Biniyougbarta/SAM//