Asif Ibrahim, Chairman of the Chittagong Stock Exchange PLC (CSE), visited the Qianhai Mercantile Exchange (QME) in Guangdong, China today (May 22). During his visit, Ibrahim engaged in fruitful discussions with the top management of QME regarding future collaboration aimed at developing Bangladesh’s Commodity Derivatives Markets.
The discussions focused on several key areas including consultancy services, business cooperation, information technology support, and buyer-seller assistance to establish an efficient commodity derivatives market in Bangladesh. This collaboration aims to leverage the expertise and infrastructure of QME to enhance the trading environment 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. Located in Shekou, Qianhai, Pilot Free Trade Zone, Guangdong, China, QME officially launched on 19 October 2018, starting with alumina trading. The initial trade saw 3,000 tonnes of alumina transacted between Chalco Trade and Xiemen Xiangyu at a price of 3,030 yuan per tonne, establishing the first benchmark pricing of physical alumina in the Mainland market based on actual transactions.
QME aims to create a standardized asset framework that connects entities with the financial market through technology, cross-border cooperation, and finance, offering practical solutions to the financing challenges faced by physical enterprises.
