The London Metal Exchange is in talks with authorities in southern China to open its first metal warehouse in the country, a move that would be a significant step in its plan to enter China’s domestic market.
Charles Li, head of the Hong Kong stock exchange, said the exchange was in talks with the Guangdong government over a pilot programme, which would connect a China-based warehouse with the LME global network.
“We have been talking on and off about LME warehouses in China,” Mr Li said in Hong Kong, according to HKEX. “It wasn’t the right time previously. Now it is?.?.?.?We are working with the Guangdong government.”
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