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LME-HKEx deal disappoints as commodities fail to take off

Posted on 08 October 2013

Our government may need to review whether the green light given to the local bourse to spend so much on the London Metal Exchange was the right decision. We have found no evidence to show the deal will encourage commodities trading here.
In fact, Hong Kong brokers and investors have paid scant attention to the continuing annual LME Week in London, which shows the mega deal last December has failed to promote commodities trading here. The Hong Kong government - Hong Kong Exchanges and Clearing’s largest shareholder - threw its weight behind the LME deal as it believed it would help promote the city as a commodities trading centre………………………………………..Full Article: Source


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VRS - who has written 37583 posts on Opalesque Commodities Briefing.


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