Fanya could launch ‘offshore’ exchange in Q3

Fanya Metal Exchange is planning on opening itself up to Western investors as early as the third quarter of this year, while its financing tool, Fanrong, is slated to begin operations at the end of this month, an executive from the exchange told Metal Bulletin.

Xiamen Fanya Mercantile Exchange Centre – Fanya’s rare earths exchange – will list the metals that Fanya decides to move to what it calls its “offshore board”. Any new commodities listed by Fanya will be on the Xiamen exchange, and any of the minor metals currently listed that are moved onto the offshore board will be removed from the exchange in Kunming. Alongside the...

Published

James Heywood

May 21, 2015

11:34 GMT

London