METALS PEOPLE - HKEX appoints Guo Xiaoli as CEO of spot commodity platform

print Print this document.  Post this story to Facebook.
Kathleen Retournekathleen.retourne@fastmarkets.comJoint News Editor - Europe+44 (0) 20 7337 2144

London 12/10/2016 - Hong Kong Exchange & Clearing (HKEX) has appointed Guo Xiaoli as CEO of its commodity-trading platform, which will offer spot trading with physical delivery, it said.

Guo has 28 years of trading and management expertise in mainland and international commodities. He has previously held positions at the Zhengzhou Commodity Exchange (ZCE), the Dalian Commodity Exchange and the China Futures Association.

The spot trading platform will debut with major base metal products and gradually expand to other product categories. The platform, which will mirror the LME's operating model when it launches in May next year, will be based in Qianhao, Shenzhen.

"Our plan is to use the LME's successful model to create an effective spot trading platform in the mainland’s commodities market to serve the needs of the real economy. In time, the platform could generate a series of truly representative and globally influential 'China price' benchmarks," HKEX ceo Charles Li said.


(Editing by Mark Shaw)



Fastmarkets.com
mailto:press@fastmarkets.com
8 Bouverie Street, London, EC4Y 8AX, UK
+44 (0)845 241 9949