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The
Dubai Gold and Commodities Exchange (DGCX) announced today that Nanhua
Futures (Hong Kong) (NANHUA HK), a wholly-owned subsidiary of Nanhua
Futures (China), the leading Chinese overseas futures company, has been
approved as a Broker Member of the Exchange.
Since
its establishment in 1996, Nanhua Futures (China) has been actively
involved in both commodity and financial futures brokerage services. The
company maintains full member status of Shanghai Futures Exchange
(SHFE), Zhengzhou Commodity Exchange (CZCE), and Dalian
Commodity Exchange (DCE); and is one of the first companies to gain
general clearing member status of China Financial Futures Exchange
(CFFEX). With registered capital of 510 million RMB, Nanhua Futures is
now recognized as one of the top-10 futures companies in China.
Gaurang
Desai, Interim CEO of DGCX, said, "We are excited to introduce Nanhua
to the DGCX community as a Broker Member. Nanhua offers comprehensive
market views and a range of risk management tools to their members, and
its addition to our member base further demonstrates our ability to
provide a platform for international brokerages to expand and grow their
business in the region. DGCX's continually expanding product portfolio
coupled with its Emerging Market strategy means that the Exchange is
well positioned to continue to attract international broker members."
"We
are delighted to join DGCX as a broker member as this will expand our
reach to the Middle East & North African (MENA) region as well as to
the South Asia sub-continent. This collaboration
will enable us to provide our members with a secure platform to trade a
wide range of regional products. We look forward to growing a strong
relationship with DGCX," said David Luo, General Manager of Nanhua
Futures Co. Ltd and CEO of Nanhua Futures (Hong Kong) Co. Ltd.
Nanhua Futures is
licensed by the Securities and Futures Commission (SFC) to deal and
advise on Futures products. Nanhua Futures has the following
subsidiaries; Nanhua Securities (Hong Kong) Company Limited (CE:
BBT518), Nanhua Forex (Hong Kong) Company Limited (CE: BBT517), Nanhua
Investment Advisory (Hong Kong) Co. Ltd (CE: AYC989), Nanhua Asset
Management (Hong Kong) Co., Ltd (CE: AXY831) and Nanhua USA LLC.
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