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Commodities Briefing - Categorized | Commodities Exchanges, Trading more

Commodity markets pin hopes on Hong Kong ties

Posted on 26 June 2013

Mainland commodity exchanges are looking to co-operate with Hong Kong Exchanges and Clearing in developing the trading of new commodities and cross-listing their products. They hope to gain a greater share of the global market through this after HKEx announced plans to develop the city into a commodities trading hub.
Calling the city’s exchange a “partner” rather than a “competitor”, Zhengzhou Commodity Exchange president Zhang Fan said he wanted to develop trading of new commodities with HKEx and list the new products “wherever suitable”, so that mainland bourses could share in the pie as transaction volumes increased………………………………………..Full Article: Source


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