Copying and distributing are prohibited without permission of the publisher

LME WEEK ASIA: HKEx hopes mutual market access in stocks can be replicated in metals

April 22, 2014 - 15:46 GMT Location: Hong Kong

KEYWORDS: HKEX , LME , connect , stocks , mainlan China , Hong Kong , international , Charles Li

Hong Kong Exchanges & Clearing (HKEx) hopes that the Shanghai-Hong Kong connection will help it expand in the commodities and metals space sooner rather than later, ceo Charles Li said on Tuesday April 22.

"Commodities is still a concept and is being worked on," Li told a press conference in Hong Kong. "It took 20 years to build the Shanghai-Hong Kong connection. [Let’s] hope it won’t take another 20 years," he said. "China is the [world’s] largest importer of commodities, but not necessarily able to hedge risks as international markets are closed [to it]," he said, adding that the international market uses London Metal Exchange contracts to hedge risks in metals trading. "The futures markets [in China and outside]...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

subscribe to this feed Comment & analysis

Upcoming Events

MB Glossary

From Aluminium to Zinc...
Search this free glossary on metals

Try the new Metal Bulletin BETA site...

We've added some great new features and tools which we think you'll find useful:

  • Easier to use navigation including links to new sections
  • Cleaner interface for the Price Book with easier to use data views
  • More dedicated pages for specific metals e.g chrome, antimony, nickel
  • Better search tools for news and prices with handy filters

Simply click 'Yes please' below to go straight to the BETA site
(Please note: you will need to log into the BETA site on your first visit. Plus you can return to the original site any time you wish)