HKEx revamp comes with LME deal

Hong Kong Exchanges and Clearing has unveiled a new management structure following its takeover of London Metal Exchange.

The exchange would also launch more yuan-denominated commodities products as it moved to take advantage of the internationalisation of the currency, chief executive Charles Li Xiaojia said.

"Buying LME is a long-term strategic move for HKEx to step into commodities. We will launch more yuan-denominated commodities products to meet the hedging need of China, the largest commodities user worldwide," he said at a conference yesterday.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1122497/hkex-revamp-comes-lme-deal