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New LME owner HKEx reportedly to expand in China
Hong Kong Exchanges & Clearing Ltd. , the new owner of the London Metals Exchange, intends to set up dozens of warehouses across China, reports The Sunday Times.
Hong Kong Exchanges & Clearing Friday won the race for the LME on Friday with their 1.4 billion pound bid--a deal that will see the exchange move into China for the first time, says the report.
The exchanges weren't available for immediate comment.
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