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HKEx said to plan coal futures as CEO Li makes commodities push

Posted on 17 April 2014

Hong Kong Exchanges & Clearing Ltd. Chief Executive Officer Charles Li is said to be picking coal for his company’s first energy product a year after paying a record price for the world’s top metals bourse.
The world’s third-largest exchange operator will introduce thermal coal futures in Hong Kong this year, according to two people with knowledge of the matter. The futures will be denominated in the Chinese currency, said the people, who asked not to be identified because the information isn’t public. Scott Sapp, a Hong Kong-based spokesman for the company, declined to comment……………………………………….Full Article: Source


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