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The Dubai Gold & Commodities Exchange (DGCX) has tendered a strategic agreement with the Agricultural Bank of China (ABC)-DIFC Branch, one of the largest commercial banking constructs in China – the deal will help foster greater symbiosis between the DGCX and the Chinese lender, per a recent DGCX report.
The DGCX is one of the largest exchanges in the Gulf region, which is responsible for a variety of derivatives products and offerings. ABC is China’s third largest lender by assets with listings on both the Shanghai Stock Exchange and Hong Kong Stock Exchange. The latest accord between the two venues will aim ... (read more)