Hong Kong Exchanges and Clearing is planning to develop an industrial user base to back its metals trading hub in China as part of a drive to expand its commodity business in the world’s second largest economy.
This is an opportunity for HKEx to leverage its LME brand.
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A new free trade zone near Hong Kong, known as Qianhai, is set to host the platform for trading metals before extending into other commodities, pending regulatory approval, according ... (read more)