MDGE, SDE and ICBC (Macau) Form Strategic Partnership

2018-9-19

Macau Diamond & Gem Exchange joins hands with Shanghai Diamond Exchange, Industrial and Commercial Bank of China (Macau) to

promote Macau as a global diamond and gem trading center

 

In order to implement the spirit of the strategic cooperation agreement signed by the Macau Trade Promotion Bureau and the Shanghai Diamond Exchange on June 7, 2018, the Macau.China Diamond & Gem Exchange (MDGE),the Shanghai Diamond Exchange (SDE) and the Industrial and Commercial Bank of China (Macau) Co., Ltd. (ICBC Macau) co-sponsored a trade briefing at the Hong Kong Jewelry Expo on September 13, 2018.

 

Kou Hoi In, President of the Commercial Association of Macau, Vong Vai Lon , Executive Director of the Macau Trade and Investment Promotion Institute , Liu Yajun, head of Liaison Office of the Central People’s Government in the Hong Kong S.A.R., Yao Yao, Director of Liaison Office of the Central People’s Government in the Macao S.A.R , Lin Zi, Vice President of ICBC (Macau), and Lawrence Yung -Yi Ma, Chairman of the Diamond Federation Hong Kong, China Ltd, Vice Chairman Yao Weiran, President of SDE , Lin Qiang, Vice President Yan Nanhai, Vice President Yuan Wenyao and Chairman of the MDGE Mr. Su Wei and Vice Chairman Simon Wang attended the briefing. More than 100 international jewelry industry organizations and senior corporate representatives were at present. During the event, Vong Vai Lon, member of the Macau Trade Promotion Bureau, Lin Zi, vice president of ICBC Macau,President of SDE Lin Qiang , and Simon Wang , vice chairman of MDGE, introduced the background and measures of three parties to promote the jewelry industry in Macau.

 

Macau has the channel advantage of Portuguese-speaking countries of the supply of rough diamonds. MDGE will actively develop concentrated rough diamond trading, which will drive rough diamonds into SDE and further promote the Chinese diamond industry. MDGE will combine Macau’s development planning of the financial industry with the overall conditions its free port and take advantage of its financial innovation and capital advantages, while injecting liquidity into the global diamond and gem industry by creating a “diamond bank” in a safe and controllable environment. In doing so, this will attract global diamond and gem traders to transfer their stocks to Macau and gradually develop Macau into an internationally renowned colored stone processing base. By using this base as a foundation, the local gem processing industry can well support Macau’s design and brand growth in order to promote Macau as a world tourism and leisure center.

 

As the only settlement and clearing bank for diamond and gem exchange businesses in Macau, ICBC (Macau) will provide professional services for MDGE and its members. Specifically, ICBC (Macau) will provide an all-in-one package of financial services to MDGE. Besides meeting the growing needs of MDGE, ICBC (Macau) will continue to develop its strategic plans for future development by coordinating between onshore and offshore markets and utilizing its integrated resources within ICBC Group (the “ONE ICBC” Project).

 

From the purchase of rough stones to cutting, polishing, finished product processing and even to retail, the Macau . China Diamond & Gem Exchange serves companies in all segments of the global diamond and gemstone supply chain. The Macau . China Diamond & Gem Exchange brings together the forces of China’s consumer market and jewelry companies of high quality across the globe to create a world class platform. that serves both the the Chinese and global jewelry industry. The number of members will exceed one thousand.

 

Based on the policy and management expertise of SDE, the deep cooperation and interconnection between MDGE and SDE combined with the convenience of Macau’s free port and preferential policies of the Guangdong – Hong Kong – Macau Great Bay Area will provide a better development environment for diamond and jewelry businesses and promote Macau to become a global rough diamond and gem trading center.

 

 


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