The London Metal Exchange, which was recently bought by Hong Kong Exchanges and Clearing, is striving to enter China and woo mainland investors. LME CEO Charles Li recently wrote that he is looking for "partnerships" with exchanges in China. Meanwhile, the Shanghai Futures Exchange is working to bolster its share of the global metals-futures market. For example, it plans to allow foreign investors to trade in some of its existing products, such as industrial metals, rubber, gold and silver, according to Chairman Yang Maijun.

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