On June 26th, 2014, Mr. Phupinder Gill, CEO of CME, Mr.Christopher LaRosa, Executive director of CME and Mr. Julien Le Nobleceo, Asia senior managing director arrived in Beijing to get to know the development of Beijing commodities market .Mr. Ke Yongguo,deputy director of Beijing Bureau of Financial Works, Mr. Hou Bo, head of Market Department of Beijing Bureau of Financial Works, Mr. Liu Shaobin, vice chairman and president of BPEX and Mr. Wei Tiefeng, Executive vice president of BPEX received the guests.
Mr. Ke and Mr. Liu showed the guests around in the trading floor of the financial office and then the two sides had a discussion meeting.
First, Mr. Ke made an introduction to the development of Beijing’ financial sector with focus on the building and advancement of Beijing’s factor markets. He also mentioned BPEX is a key exchange for commodities trading with great support from both Beijing Municipal Government and the bureau. Since equity restructuring, BPEX has enjoyed rapid development with its turnover doubling every year and has been playing the role of resources allocation. Beijing Bureau of Financial Works has been encouraging and supporting BPEX’s financial innovation and business expansion while serving the real economy.it also hopes CME and BPEX will deepen mutual understanding, step up cooperation and achieve a win-win result.
Later, Mr. Phupinder Gill made an introduction to the development of CME group and said the Asia-Pacific region, China in particular, has been seeing fast growth. China is of great significance in the world economy and should play its due role in the international commodities market. He also expressed his hope that CME will play an active role in the development of China’s commodities market.