OREANDA-NEWS. Hong Kong Exchanges and Clearing Limited (HKEX) and Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone (the Authority of Qianhai) today (Tuesday) signed a Memorandum of Understanding (MOU) to explore potential cooperation in the fields of financial services and financial innovation.

Mao Zhirong, Managing Director and Head of Mainland Affairs of HKEX, and Wang Jinxia, Deputy Director General of the Authority of Qianhai signed the MOU during a ceremony in Shenzhen.

"HKEX aims to develop a well-regulated, transparent and reliable spot commodities trading venue on the Mainland backed by physical delivery and a warehouse system to support the Mainland's real economy," said HKEX Chief Executive Charles Li.  "The MOU we signed today marks the beginning of our joint effort with the Authority of Qianhai and provides a solid basis for advancing our spot commodities initiative."

Mao Zhirong, Managing Director and Head of Mainland Affairs of HKEX (right) and Wang Jinxia, Deputy Director General of the Authority of Qianhai (left) today signed a MOU on cooperation in Shenzhen.  HKEX Chief Executive Charles Li (third from right in second row) attended the signing ceremony.