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NCCE Company Profile

Time:2016-05-27  Source:NCCE  Author:NCCE

Nanning(China-ASEAN) Commodity Exchange (NCCE for short) is a physical commodity electronic trading market lawfully founded in 2006 which was established upon the lead of Nanning Municipal People's Government and put on records in the Ministry of Commerce of the People's Republic of China. The registered capital was 211,111,000 RMB. NCCE was one of the first commodity electronic trading platforms that can use "Exchange" as company name through the examination and approval of the State Council joint conference in June 2013. NCCE is a limited liability company of which the unified social credit code is 91450100788441812Y. The business scope includes: all kinds of industrial products, agricultural products, forest products, chemical and machinery, etc. commodity physical auction trading and information publish; warehouse and logistics services (except for hazardous chemical and inflammable and explosive materials); self-management and agent of general industrial products, agricultural products, forest products, chemical machinery, etc. commodity imports and exports (products involving quota, license, special provisions management shall be in accordance with the relevant provisions of the state); commodity information consultation and services; internet application technology research and development, consultation and services.

NCCE address: 17F, Tower C, China Resources Building, No.136-5, Minzhu Avenue, Nanning, Guangxi, China.

NCCE set 320 infield trading seats and has the capacity to allow several hundred thousand traders trading at the same time remotely.

NCCE began trial operation in October 2007 and on May 16 2008, NCCE formally started its trading business. At present, the listed products include:   white sugar, soybean, corn, rice, soybean meal, soybean oil, chemical fertilizers, molasses and scrap steel, etc. The products for listing recently include: alcohol, starch, coal, iron ore, steel and wood, etc.

NCCE not only utilizes centralized trading, flexible settlement and remote delivery as the trading and logistics mode but also created unique "listed trading", "repo", "auction trading", so far the industry's most advanced trading patterns providing fair, impartial, efficient, low-cost and multifaceted commodity trading channels for market participants to meet the different needs of market participants of production and operation.

To safeguard the legitimate rights and interests of market participants to ensure security and stability in the exchange, NCCE has developed a series of transaction management system and risk control measures, especially in the management of funds in accordance with the requirements of the State Council, complete with "third-party financing transactions supervision ". In order to prevent some members malicious breach of contracts, NCCE has also developed a "non-performance application" trading system as the management features.

In order to expand business, NCCE started its development layout in ASEAN-China Free Trade Area since March 2010. NCCE planned to set up offices in the 10 ASEAN countries and radiate trading business to these countries. NCCE also successively carried out economic and trade investigation, business negotiation in Vietnam, Indonesia, Malaysia, Thailand, Cambodia and other countries. NCCE intended to establish offshore trading center in these countries and Indonesian Offshore Trading Center was formally established in June 2014. Asia-pacific Commodities Exchange(APCX), which was invested by NCCE and approved by Indonesia government will formally open in near future. All NCCE overseas offshore trading centers will set RMB as the trade quotation and settlement currency, which will certainly improve the strength and position of RMB in the international circulation. Chinese Rural Commodity Electronic Network, started to set up by NCCE in 2009, now has a business scope covering 500 villages. Without leaving the villages, they can easily trade agricultural products, agricultural materials and all kinds of commodities. In addition, Fangcheng Port Renewable Resources Trading Center & Industry Processing Base has been set up under the approval by the relevant state departments, the People's Government of Guangxi Zhuang Autonomous Region and Fangcheng Port, of which, the project covers an area of 1,500 mu and 657 meters of coastline. The project construction is now proceeding on time.

 

Công Ty TNHH Sở Giao Dịch Hng Ha Nam Ninh (Trung Quốc-ASEAN)   

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