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"CFFEX’s vision is to build a world leading exchange with lofty social responsibilities, comprehensive market functions, modern corporate governance and robust operation efficiency," Hu Zheng, Chief Executive Officer of China Financial Futures Exchange said, " Global development is one of our main goals and an important driver of market growth. This is why it is essential for us to work closely with global partners such as CME Group and why we attach such significance to signing this agreement. We believe it is a milestone for both parties."
"We are pleased to enter into this strategic partnership and act as the global market data distributor for CFFEX outside of Mainland China. This will enable CME Group to establish itself as a critical component for global customers that want access to Chinese markets," said Phupinder Gill, CME Group Chief Executive Officer. "CFFEX is an important partner for us and we are privileged to play a key role in the internalization of their benchmark products, as China continues on its path of financial market liberalization."
Leo Melamed, CME Group Chairman Emeritus, added, “This agreement is a major step in the strategic relationship between CFFEX and CME, a result of many years of cooperation and friendship.”
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