| Hong Kong Exchanges & Clearing, which owns the London Metal Exchange, the world’s largest metals bourse, plans to set up a national platform for spot metals trading in Qianhai, China to tap into the huge need among Chinese companies to diversify raw material supply sources and hedge exposure to price volatility, a top HKEX official said Tuesday.
HKEX is currently building a trading system for the project and will register a company in the Qianhai special economic zone in Shenzhen and hire appropriate talent, said Li Gang, co-head of the market development division for HKEX...............................................Full Article: Source
|