William Barkshire

The Hong Kong Mercantile Exchange ('HKMEx' or 'the Exchange') will provide standardized exchange-traded products on a transparent pricing platform to traders, investment professionals and commercial end-users in the Asian time zone. All transactions will be made on a transparent USD-based pricing platform, ensuring the full advantages of dollar financing & dollar clearing, and allowing currency hedging flexibility to market participants. In terms of regulatory compliance and oversight, HKMEx is appyling for a licence from the Securities and Futures Commission ('SFC') of Hong Kong. Operating under the 'One Country, Two Systems' jurisdiction of the Hong Kong Special Administrative Region, HKMEx will leverage Hong Kong's status as a world-class financial center to bring commodities trading to East Asia, meeting its need for transparent, liquid trading of staple commodities, including global commodity benchmarks such as precious metals, industrial metals, energy, natural resources, agricultural and environmental products as well as commodity indices. As a bridge between China and international commodities markets, HKMEx's goal is to continue Hong Kong's success is becoming the Mainland's offshore financial centre. The Exchange will complement Mainland commodities exchanges by enabling transparent price discovery of China-bound commodities, increasing the liquidity in trading of these commodities and ultimately providing a means of benchmarking China's overseas investments.