22 JULY 2016AlCircle.com
Brexit pushes back HKEX's plan of commodities clearing link with LME
Edited by : Dipanwita Gupta
1 min read
<p>The Hong Kong Stock Exchange's planned move to link with London Metal Exchange has been put on hold due to Britain's recent exit from the European Union. <br /><br />The HKEX's decision to enter into a commodities clearing link with its London Metal Exchange (LME) was aimed at making LME more profitable.</p>
<p>However, the planned link-up would now have to wait due to the uncertainty created by the vote last month, said Hong Kong Exchanges & Clearing Ltd. Chief Executive Charlies Li.</p>
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