HKEx CEO Li outlines commodity plans

06/25/2013 | Bloomberg · Reuters

Hong Kong Exchanges and Clearing CEO Charles Li revealed HKEx's plans for expanding its commodities business as well as leveraging the London Metal Exchange. HKEx will likely launch monthly yuan denominated cash-settled metal products, Li said, with physical settlements and other commodities following later. "The purpose is to use LME as a catalyst for us to really move rapidly into commodities, and be able to leverage on the massive, accelerated pace of internationalization of China's market," Li said.

View Full Article in:

Bloomberg · Reuters

Published in Brief: