| When Hong Kong Exchanges and Clearing (HKEx) bought the venerable old London Metal Exchange (LME) back in 2012, it did so with eyes firmly fixed on China. The vision was to leverage the LME's near monopoly on base metals pricing in the rest of the world to open up the world's fastest-growing metals market.
That remains the vision, although HKEx' ambitions in the commodities space have taken back seat to its Stock-Connect bridge between Hong Kong and mainland Chinese stock markets. What HKEx almost certainly wasn't expecting back in 2012 was a challenge to the LME's existing franchise outside of China...............................................Full Article: Source
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