LeapRate's Daily Forex Industry Newsletter
Join now to receive first access to our EXCLUSIVE reports and updates.
Screenshot of a breaking news alert e-mail from Q2 2017
Hong Kong Exchanges and Clearing Limited (HKEX) has appointed Guo Xiaoli as Chief Executive of the commodity-trading platform it is building in the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone of Mainland China. It is a new position.
The platform will offer spot trading with physical delivery.
Mr Guo has 28 years of trading and management expertise in Mainland and international commodities. He has been General Manager at the Zhengzhou Commodity Exchange (ZCE), Deputy General Manager at the Dalian Commodity Exchange and Vice Chairman of the China Futures Association. Early in his career he was the Sales Director at ACE Trading in Japan and the first Chinese futures broker in the country. He was later a futures trader at CITIC International, where he set up the metals futures trading business and initiated the proprietary trading and brokerage business for London Metal Exchange (LME) products. He was also the Department General Manager, Assistant to the Chief Executive and Vice President at China International Futures.
Mr Guo is an expert on the Mainland futures market from theory to practice and he brings a wealth of experience to our Qianhai venture,” said HKEX Chief Executive Charles Li. “Our plan is to use the LME’s successful model to create an effective spot trading platform in the Mainland’s commodities market to serve the needs of the real economy. In time, the platform could generate a series of truly representative and globally-influential ‘China price’ benchmarks.”
Mr Guo has bachelor and master’s degrees in sciences from Shizuoka University in Japan, and a PhD in economics from the Economics and Management School of Wuhan University.