Bank of Communications and Shanghai Gold Exchange Forge Strategic Partnership

Deep News06-22

On June 22, Bank of Communications (Bank Of Communications Co.,Ltd.) and the Shanghai Gold Exchange formalized their strategic collaboration by signing a memorandum of cooperation in Shanghai. The signing ceremony was attended by key executives from both institutions, including Zhang Baojiang, President of Bank of Communications, and Yin Jiuyong, Vice President, as well as Yu Wenjian, Chairman of the Shanghai Gold Exchange, and Zeng Hui, Vice President.

Key Discussion Points

During their discussions, the two parties engaged in in-depth exchanges on several critical areas. These included enhancing the service and product ecosystem of the gold market, optimizing fund clearing and settlement capabilities, improving the management standards for delivery, storage, and transportation, and exploring cooperative mechanisms for exchange-counter linkage. They reached a consensus on steadily and prudently advancing market innovation and better serving market participants.

Future Collaborative Vision

Leveraging this memorandum as a foundation, both organizations aim to concentrate on serving national strategic objectives. They plan to continuously deepen their business cooperation to jointly uphold the stable operation of the gold market. This partnership is intended to provide more robust foundational support and market services for the development of Shanghai as an international financial center and for the growth of the real economy.

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