FEX - The Financial and Energy Exchange Group

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Financial and Energy Exchange (FEX) and China Beijing Environmental Energy Exchange (CBEEX) Form a Strategic Partnership to Develop Environmental Markets

30 December, 2009

Australia’s Financial and Energy Exchange (FEX) and China Beijing Environmental Energy Exchange (CBEEX) today announced the joint signing of an agreement on comprehensive and strategic co-operation. 

The core objective of this strategic co-operation agreement is to promote energy saving and carbon emissions reductions in Australia and China.

Through the agreement, which forms the basis of a wider Memorandum of Understanding and Co-operation (MOUC), both FEX and CBEEX will work together to:

• establish an international carbon trading platform which includes Australia and China, and which will enhance carbon price discovery;

• to contribute in the development of markets for clean-technology through facilitating clean-tech business capital formation and knowledge transfer; and

• to contribute to build Beijing into a global carbon financial center.

As a further element of the MOUC, CBEEX and FEX will jointly establish the Beijing International Carbon Finance Research Institute and the Beijing Green Finance Association.  These two entities will provide an important development platform for a new business sector and emission trading infrastructure in Beijing.  Additionally, these entities will work toward the research, promotion and co-operation of international green finance in Beijing, including through regular events, such as the International Green Finance Forum.    

Mr. Brian Price, Chief Executive Officer of FEX said “FEX is very pleased to enter into this co-operative and strategic relationship with CBEEX. As CBEEX is a leading environmental exchange group in China, we look forward to working with CBEEX to jointly facilitate sustainable development globally and especially within China”.

Mr. Yan Xiong, Chairman of CBEEX said “In selecting out strategic partners, CBEEX seeks not only technical capabilities, but business and strategic flexibility to operate in our rapidly changing business environment.  FEX clearly meets these criteria and we look forward to a strong co-operative relationship".

For detailed information of both companies, please refer to FEX’s webpage at www.fex.com.au and CBEEX's website at www.cbeex.com.cn.