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China Financial Futures Exchange and BM&FBOVESPA Sign Memorandum of Understanding

São Paulo, September, 25 –China Financial Futures Exchange (CFFEX) and BM&FBOVESPA (BVMF) announce that they have just signed a memorandum of understanding (MOU) to enhance mutual understanding, promote bilateral support and facilitate development for both exchanges.

The mainly scope of the exchanges' agreement covers information sharing,high level dialogue, training and Staff exchange, and business cooperation.

"It is essential for CFFEX to strengthen cooperation and exchange with overseas partners such as BM&FBOVESPA. I sincerely hope that the signing of MOU will promote such cooperation between the two exchanges and help to achieve a win-win outcome and common prosperity." said Hu Zheng, CEO of China Financial Futures Exchange.

"This agreement further strengthens the relationship with the financial market in China. The purpose is to explore all possibilities of concrete business between the two exchanges, taking advantage of the strong potential of the two markets and develop new channels for this long-term cooperation”, said Edemir Pinto, CEO of BM&FBOVESPA.

BM&FBOVESPA S.A. – Securities, Commodities and Futures Exchange was created in 2008 with the integration between the Brazilian Mercantile & Futures Exchange (BM&F) and the São Paulo Stock Exchange (Bovespa). Together, the companies have formed one of the largest exchange of the world in terms of market value. BM&FBOVESPA offers trading in equities on the cash, options and forward markets, and indices, interest rates, foreign exchange, agricultural and energy commodities on the futures, options, forward and swap markets, as well as other spot market transactions on gold, US Dollar and federal government securities. In order to provide investors with efficient and secure services, BM&FBOVESPA utilizes state-of-the-art technology. With its fully integrated business model BM&FBOVESPA offer not only a sophisticated trading environment, but also registration, clearing, settlement, risk management, and central depository services. It also acts as the central counterparty for all of the transactions carried out in its markets: equities, derivatives, securities, and foreign exchange. The new BM&FBOVESPA Clearinghouse will support growing volumes in Brazil’s financial and capital markets for the next 20 years and operates using the Closeout Risk Evaluation (CORE) integrated risk calculation system, one of the most secure and efficient in the world.

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