Source:
https://scmp.com/business/commodities/article/1498471/hkex-commodity-push-faces-uphill-battle
Business/ Commodities

HKEx commodity push faces uphill battle

Bourse may have difficulty luring investors away from well-established and liquid markets overseas to trade products on its new platform

Aluminium is one of the four new commodity contracts to be traded on the HKEx platform in its latest push. Photo: Reuters

Brokers believe Hong Kong Exchanges and Clearing will face an uphill battle to promote its four commodity products to be introduced later this year mainly because investors are used to trading these products overseas.

HKEx said last week that it would launch yuan-traded copper, aluminium and zinc contracts and a thermal coal contract to be traded in US dollars on its commodity platform later this year.