Dec. 9, 2009 (China Knowledge) - China's newly inaugurated Bohai Commodity Exchange is scheduled to start trading on Dec. 18, the Shanghai Securities News reported on Wednesday.
Coal and coke will be the first batch of commodities to be traded on the 24-hour bourse, located in Tianjin Municipality, North China. More commodities, such as crude oil, chemicals, and agricultural products are expected to be launched on BCE soon.
BCE started to review the applications from traders on Dec. 1.
China CITIC Bank, the banking arm of the nation's largest investment enterprise, CITIC Group, has signed a strategic partnership agreement with BCE in Shanghai on Tuesday. Under the terms of the agreement, the Beijing-based lender will provide relevant financial support to the trading activities on BCE.
Established on Sep. 16, 2009, BCE is part of the municipality's efforts to build Tianjin Binhai New Zone into a financial center in northern China.
