Hong Kong Exchanges and Clearing (HKEX) has admitted that it
has been exploring a venture into commodities through the
listing of gold futures. The exchange has also issued an update
on its market developments, claiming progress on its proposed
China-related derivatives suite while asking for regulatory
understanding to aid its international development.
At the start of the year, a Chinese government focus group
asked HKEX to develop commodities and FX markets. The exchange
has confirmed its interest in commodities in general, but local
reports have suggested that it might move first on gold to get
in ahead of a planned futures launch from local rival Chinese
Gold and Silver Exchange Society.
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