On July 15, 2020, China Financial Futures Exchange (CFFEX) signed a strategic cooperation agreement with Shanghai Pudong Development Bank (SPD Bank).
“To implement the major strategic decisions of the CPC Central Committee, CFFEX is striving to make progress in developing China’s financial futures market and building Shanghai into an international financial center. Founded in Shanghai, SPD Bank has been dedicated to the healthy development of China’s financial market since its inception. Through this agreement, CFFEX and SPD bank will explore mutually beneficial Win-Win cooperation through complementary development between the financial futures market and other financial factor markets.” a CFFEX official said.
Next, following the principles of "integrity, equality, reciprocity, long-term cooperation and common development", CFFEX and SPD Bank will carry out close and pragmatic cooperation in business innovation, customer service, international development and joint party building, in order to jointly promote the well-functioning and steady development of the financial futures market, and serve the real economy at greater depth and breadth.