26.06.2013 - Hong Kong 'not ready to be a commodities trading centre'
Commodities brokers and buyers say Hong Kong does not yet have the trading infrastructure to be a major commodities centre. That may change in the future as traders seek to take advantage of growing demand for commodities from the mainland. "Hong Kong's commodities trading infrastructure is not complete, which means there is little room for trades and related financial products development to occur. This results in a low participation in commodities trading," Li Baomin, chairman of Jiangxi Copper, told the London Metal Exchange conference in the city...............................................Full Article: Source
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