The CMS becomes the first clearing member of CME Group in Mainland China through China Merchants Futures (HK) Co., Ltd. under it

CMS (2013-10-22 09:54) [Full Text]

 

On October 21, China Merchants Futures (HK) Co., Ltd. under the CMS was granted the first clearing membership of CME Group (including the CME, the CBOT, the COMEX, and the NYMEX) in Mainland China. Accordingly, the CMS has opened the channel for providing Chinese enterprises of bulk commodities and resources with overseas commodity risk hedging products and services by a broker of Mainland China, broken monopoly of domestic bulk commodity risk hedging field by foreign financial institutions, and this is a major breakthrough of milestone significance made by the CMS in innovative development and international operation.

At present, the CMS is preparing the establishment of an overseas branch to conduct the business of other international commodity exchanges in addition to the CME, aiming at providing global one-stop commodity services for customers in the near future to further make supplement to and strengthen the company’s core competitiveness of diversified and international platform.

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