Plans by Hong Kong Exchanges and Clearing to create mainland, physically deliverable spot commodity markets are a way of getting the London Metal Exchange's warehousing expertise into China, HKEx Chief Executive Charles Li said on Wednesday.
In its 2016-2018 Strategic Plan released earlier this year HKEx said it would explore the possibility of creating a mechanism for spot commodity trading in China supported by a warehousing and financing platform..............................................Full Article: Source
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