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Brexit pushes back HKEX's plan of commodities clearing link with LME
Edited by : Dipanwita Gupta
1 min read
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.
The HKEX's decision to enter into a commodities clearing link with its London Metal Exchange (LME) was aimed at making LME more profitable.
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.
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