Wed, Sep 2, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Commodities Exchanges more

HKEx’s takeover of LME is ‘risky bet’ that could yet pay off

Posted on 21 July 2014

While the Hong Kong Exchanges and Clearing has been busy getting into bed with former rival Shanghai to develop cross-trading of stocks, some brokers wonder whether the local bourse was wise to cut a big cheque to buy the London Metal Exchange.
“It is hard for the HKEx to break even by paying such a high price to buy the LME. The takeover is a short cut for the HKEx to expand into commodity trading but the high price means it is a risky bet,” said Joseph Tong Tang, executive director of Sun Hung Kai Financial………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 42186 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
September 2015
S M T W T F S
« Aug    
 12345
6789101112
13141516171819
20212223242526
27282930