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HKEX's LME May Include HK as Place of Delivery for Commodities: Report
Recommend 30 Positive 42 Negative 12 |
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The new Policy Address said that international commodity exchanges indicated plans to set up approved warehouses in Hong Kong to store and deliver commodities in Hong Kong. HKEX (00388.HK)'s London Metal Exchange (LME) is considering the inclusion of Hong Kong as a warehouse and place of delivery for commodities trading in response to the government's development plan, Hong Kong Economic Journal quoted sources as saying. Pursuant to industry sources, the LME met with BABA-W (09988.HK)'s logistics flagship, Cainiao Group, earlier to explore cooperation in building a commodity trading ecosystem. AAStocks Financial News |
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