Dubai: The Dubai Gold and Commodities Exchange (DGCX), today announced the signing of an MoU with the Bank of China, BOC. The agreement creates a framework for both institutions to work together to enhance interaction and collaboration between the derivatives and financial markets of the UAE and China.

The agreements provide a platform for expanding cooperation and promoting investments in each other’s countries.

Bank of China’s core business is commercial banking, including corporate banking, personal banking and financial markets services. It is the only Chinese bank to be included in the group of Global Systemically Important Banks for 4 consecutive years. It also stands out as the only bank in China to be part of the Global 500 for 26 continuous years.