Hong Kong Exchanges and Clearing Limited (HKEX) and The Chinese Gold and Silver Exchange Society (CGSE) signed a Memorandum of Understanding (MOU) to consider cooperation GOLD Futures Products.
July 07, 2017
eBullion’s wholly owned subsidiary Man Loong Bullion Company Limited (Man Loong) is an AA member of CGSE. Man Loong’s customers will be able to trade on GOLD Futures products in HKEX through Man Loong’s trading platform.
Man Loong Trading Platform: http://welcome.manloong.com
Charles Li, Chief Executive of HKEX said “With a long history of physical gold trading and a well-established logistics network, Hong Kong is in a good position to develop trading of gold futures with physical delivery and build price benchmarks. The pair of new GOLD Future contracts, which are denominated in USD and RMB, will also enable investors to arbitrage between the precious metal and the currencies, and further strengthen Hong Kong as offshore RMB Centre.” Charles Li, Chief Executive of HKEX said.
To provide better services to eBullion customers, eBullion will invest more resources to develop trading systems which allows customers to take advantage of new GOLD Futures products offered by Hong Kong Exchanges and Clearing Limited (HKEX) and The Chinese Gold and Silver Exchange Society (CGSE).
To learn more about eBullion Inc, visit the company website at http://www.ebulliongroup.com/.
Telephone: (+852) 2155-3999
This press release contains forward-looking statements that may involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. When used in this press release, the words “plan”, “target”, “anticipate,” “believe,” “estimate,” “intend” and “expect” and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding eBullion’s strategy, future plans for business development, future expenses and costs, future liquidity and capital resources, and estimates of business profit. All forward-looking statements in this press release are based upon information available to eBullion on the date of the release, and eBullion assumes no obligation to update any such forward-looking statements. Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The company’s actual results could differ materially from those discussed in this press release. In particular, there can be no assurance that business development will continue at any specific progress. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the company’s 10-K filed with the U.S. Securities Exchange Commission.