EN 
CN 
FOR IMMEDIATE RELEASE
28 April 2026, Singapore –
Phillip Nova, a member of the PhillipCapital Group, is pleased to announce that it has been granted approval by the Guangzhou Futures Exchange (GFEX) to act as an Overseas Intermediary (OI).
This approval marks another significant milestone in Phillip Nova’s continued expansion of its China market access capabilities. Notably, this follows closely on the heels of Phillip Nova’s recent approval by the Shanghai Futures Exchange (SHFE) last month as an Overseas Intermediary Futures Broker, further strengthening its position in China’s onshore derivatives market.
With this latest development, Phillip Nova now holds Overseas Intermediary approvals across all major China futures exchanges, including the Shanghai International Energy Exchange (INE), Dalian Commodity Exchange (DCE), Zhengzhou Commodity Exchange (ZCE), and Shanghai Futures Exchange (SHFE).
The addition of GFEX enhances Phillip Nova’s ability to provide international clients with seamless access to China’s rapidly evolving onshore derivatives markets, in line with the continued internationalisation of China’s futures industry.
GFEX represents the fifth Chinese futures exchange to open up to overseas participation and is positioned as a key platform for green and new-economy commodities. Its first internationalised product, Lithium Carbonate (LC) futures, provides new opportunities for global investors to gain exposure to a critical component of the global energy transition.
“This approval marks the completion of our coverage across all major China futures exchanges and represents a significant step forward in deepening Phillip Nova’s presence in the China market,” said Yolanda Gu, Head of Greater China, Phillip Nova. “With the continued development of the Guangzhou Futures Exchange and internationalised products such as lithium carbonate futures, we see strong potential for global investors to participate in China’s markets and the broader energy transition theme. We will continue to provide our clients with more direct and efficient market access to capture emerging opportunities.”
With this approval, Phillip Nova will continue to enhance its trading infrastructure, market access, and client support capabilities, enabling clients to tap into China’s growing derivatives landscape with confidence.
Phillip Nova remains committed to connecting international investors to China’s onshore markets and supporting them in capturing new opportunities as the global commodities landscape evolves.
About Phillip Nova:
Phillip Nova is one of Singapore’s leading brokerage firms and a member of the PhillipCapital Group. With over four decades of experience, Phillip Nova provides access to a wide range of global markets, including equities, futures, options, currencies, commodities, and ETPs. The Group has clearing memberships in 27 global exchanges, including APEX, BMD, CME Group exchanges, DGCX, HKEX, ICDX, ICE Singapore, JPX Group exchanges, NSE, TFEX, TOCOM and SGX Group exchanges.
Media Contact
Joanna Tan
Head, Marketing Communication, Phillip Nova
T:+65 6538 0500 E: joannatanyx@phillip.com.sg
