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Monday, July 15, 2024

DGCX and Bank of China sign MoU

DGCX and Bank of China sign MoU
DGCX and Bank of China sign MoU

(Dubai) – The Dubai Gold and Commodities Exchange, DGCX, announced the signing of an MoU with the Bank of China, BOC. The agreement creates a framework for both institutions to work together to enhance interaction and collaboration between the derivatives and financial markets of the UAE and China.
The MoU paves the way for greater exchange of market information and industry best practices between the two institutions. The leadership role that both institutions play in their respective regional markets places them in an ideal position to drive greater collaboration between the financial sectors of both countries.
Commenting on the MoU, Gaurang Desai, Interim CEO of DGCX, said, “This is another partnership that supports our efforts to create closer ties between the UAE and Chinese derivatives and financial markets. Collaboration between markets is key for sustained business growth. The signing of this MoU with the Bank of China has been guided by our larger vision of contributing to the development of our national and regional markets.”
Wu Shiqiang, General Manager of the Financial Institution Department of BOC, said, “We are pleased to sign this agreement with DGCX. Pursuing excellence is one of the bank’s guiding principles and we believe this MoU will support us in our effort to promote quality and excellence through market collaboration. Through this MoU, we will be able to gain better insights into opportunities for partnerships with the UAE financial sector.”
(Courtesy WAM)

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