Hong Kong Exchanges and Clearing is "absolutely focused" on the long waits for metal in London Metal Exchange warehouses and whether they are distorting the market, chief executive Charles Li Xiaojia said.
HKEx, which agreed to pay US$2.2 billion for the LME, is expected to complete the purchase in this quarter.
Reports on LME warehousing issues are "deeply concerning", Li said. He said he will study the results of the LME's six-month review and consult members before making changes.
via Business feed http://www.scmp.com/business/commodities/article/1062068/hkex-chief-deeply-concerned-about-long-delays-lme-warehouses
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