5,000th non-resident company accredited to BUCE
Photo by BUTB
March 4, MINSK. Chinese trading and manufacturing enterprise Wenzhou Ruijun Steel Co. Ltd became the 5,000th foreign company accredited to participate in trading on the Belarusian Universal Commodity Exchange, BelTA learned from the press service of the BUCE.
Wenzhou Ruijun Steel plans to use the stock exchange to supply Belarus with rolled metal products and other ferrous metal products that are in demand by enterprises in the industrial sector.
According to Zhang Wenshu, General DIRECTOR of Wenzhou Ruijun Steel, entering the Belarusian stock exchange is due to the company's desire to expand the geography of sales and the opportunity to gain access to the largest Belarusian metal consumers.
“Time is the most valuable resource in any business, and even more so in international trade, when the share that you can claim often depends on the speed of entering a new market. Therefore, of all the options for developing the Belarusian market, we chose the exchange platform, primarily from - for the opportunity to quickly gain access to our target audience - enterprises of the industrial and energy sectors. At the initial stage, we plan to sell pipe products at auction, and then, depending on the dynamics of sales and market conditions, we will gradually expand the range. For us, the exchange is new, but very interesting experience," the Chinese businessman said.
Wenzhou Ruijun Steel is the 36th Chinese company accredited by BUCE. At the same time, according to the results of the first two months of the year, CHINA surpassed almost all the main markets with which Belarus currently conducts exchange trading in terms of growth in the volume of exchange transactions .
As noted in the press service of the BUSE, increasing the share of Chinese companies in the exchange turnover is one of the priorities of the exchange for the current year. To achieve it, not only the circle of bidders from China has been expanded, but also the range of goods that are supplied through BUCE to the Chinese market. In particular, this year, along with sawn timber, EXPORT deals were launched for such promising items as rapeseed oil, MILK powder and SUGAR.