SGE Congratulates DGCX on the Launch of the Shanghai Gold Futures Contract

Date: 2017-04-10

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Ladies and gentlemen, dear colleagues and friends, 

Good Afternoon!

I am Chairman of Shanghai Gold Exchange, JIAO Jinpu, and am very excited to hear the launch of the Shanghai Gold Futures Contract at DGCX. Here, on behalf of the SGE, I would like to offer my congratulations on the successful listing of the Contract, and the successful organization of the Dubai Precious Metals Conference. 

In April of the last year, SGE launched Shanghai Gold Benchmark Price, which at once offers global market participants a versatile tool for risk management and innovation, and unveils a new chapter of globalized gold pricing. Over the past year, Shanghai Gold has been expanding in both function and influence. The launch of the DGCX Shanghai Gold Futures Contract not only marks the first time that the Benchmark Price is used in international financial market, but also represents a new model of collaboration between SGE and DGCX. 

In the course of this collaboration, we have been deeply impressed by our partners DMCC and DGCX, both by their professional knowledge and efficiency.

Mr. Gautam Sashittal, in particular, reached out to us immediately following the launch of Shanghai Gold. Subsequent discussions between us culminated into the License Agreement for Shanghai Gold Benchmark Price; and today, we are delighted that our efforts are bearing fruit. 

As a Chinese proverb goes, “A long journey begins with a small step, and rivers form by the gathering of narrow streams.” I believe today’s listing is only the first step in a long march. Under the Belt and Road Initiative, we will explore novel ways of combining and capitalizing on the resources offered by financial markets of our two countries. Promote economic partnership, expand the influence of China and Dubai in the global gold market, work together to bridge the Eastern and Western gold markets, and contribute to building an open and collaborative global gold market that benefit all participants. 

Lastly, I would like to once again congratulate DGCX on the launch of the Shanghai Gold Futures Contract, and my appreciation for our friends at DGCX and DMCC for their hard work, and I also wish Dubai Previous Metals Conference even greater successes in the futures. 

Thank You!

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