China Futures Association (CFA) and The Dubai Gold & Commodities Exchange (DGCX) have establihed their relationship with the signing of a Memorandum of Understanding (MoU) on May 28 2015. The agreement seeks to enhance ties

between the markets of China and the UAE, with a focus on increasing interaction betweenkey players in the derivatives industry both in the private and public sectors.

Gaurang Desai, Interim Chief Executive Officer of DGCX, said: “We are delighted to have signed this MoU with CFA. Not only will this bring us closer to the Chinese derivatives market, it will also allow us to gain a better understanding of each other’s strategiesand business goals to leveragemutual synergies It is important for us to expand our relationships with markets across the world, and this can only be done through partnerships like these that offer us the opportunity to have

first-hand interactions with the key stakeholders of themarket.”

Mr. Zhichao Liu, Chairman of CFA said: “This is an exciting partnership for us. DGCX’s largemember community, as well as its substantial leadership in the region’s financial markets provides us with opportunities to expand our own global

network of relationships. This MoUwill be a significant opportunity to support each other’s growth by sharing best practices, industry knowledge and market information. ”

This MoU is one among a growing number ofindustry partnership agreements signed between the UAE and China in the last few years. These agreements provide a platform for expandingcooperation and promoting investments in each other’s

countries.