NANHUA | Nanhua becomes one of ‘Big Three’ China futures exchanges

Source: Media Development Center
Author: Fang Zhuoxin
Date: 2021-02-22

 

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Nanhua Financial UK Co., Ltd. Has officially been accepted as an overseas intermediary into the “Big Three” Chinese futures exchanges: Dalian Commodity Exchange, Zhengzhou Commodity Exchange and Shanghai International Energy Exchange.

The company is a subsidiary of Hengdian Group’s Nanhua Futures Co., Ltd. was founded in 2018 and was registered as a Category 2 member of the London Metal Exchange.

Nanhua Financial UK is a specialist commodities trader in London, providing customers with trading and settlement services through major commodity exchanges in the world.

It is the third Nanhua subsidiary, following subsidiarys in the HKSAR and Singapore, to obtain the trading status, improving its ability to provide faster services to clients in Europe.

In particular, the new designation will benefit clients seeking cross-market arbitrage in copper futures.

Currently, the futures exchanges in China have opened various commodities to futures trading by overseas investors. Seven internationalized commodity products are open to trading overseas investors, including iron ores and palm oil in the Dalian Commodity Exchange; PTA in the Zhengzhou Commodity Exchange; crude oil, low sulfur fuel oil (LSFO) and technically-specified rubber 20 (TSR 20) in the Shanghai International Energy Exchange; and bonded copper in the Shanghai Futures exchange.

 


More about Nanhua Futures:

Nanhua, founded in 1996, is Hengdian Group's financial futures subsidiary. The company is principally engaged in futures brokerage, futures investment consulting, asset management and securities investment fund agency businesses.

Its futures brokerage business includes commodity futures and financial futures. Its asset management business includes single customer asset management and specific multi-client asset management.

Nanhua also conducts OTC derivatives business, basis trading and market making operations through its wholly-owned subsidiary Zhejiang Nanhua Capital Management Co., Ltd. and its subsidiaries. It was listed on the Shanghai Stock Exchange (SSE: 603093) in 2019 and was the first futures company in China to so do.

 


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