Hong Kong Mercantile Exchange | South China Morning Post
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  • Jan 31, 2015
  • Updated: 5:46am

Hong Kong Mercantile Exchange

HKMEx staff head for exit as takeover hopes fade

Gold bar from Hong Kong Mercantile Exchange. Photo: SCMP

Many of the 100 staff at the Hong Kong Mercantile Exchange have started to leave, as hopes for new investors to take over the troubled commodities bourse fade after investigations by the police and the securities watchdog into alleged financial irregularities.

Saturday, 29 June, 2013, 5:20am

All eyes on commodities trading

The London Metal Exchange, in business for more than a century, is taking to the road with its events in Hong Kong. Photo: Bloomberg

Commodities traders from around the world will begin gathering in Hong Kong for the annual "LME Week" on Friday - the first time the London Metal Exchange get-together will be held outside London.

17 Jun 2013 - 5:20am

HKMEx faces eviction from Cyberport office

HKMEx faces eviction from Cyberport office

The collapsed Hong Kong Mercantile Exchange sank deeper into crisis yesterday with the threat of eviction from its premises for failing to pay some HK$7 million in rent.

14 Jun 2013 - 4:14am 2 comments

Malaysian accused of possessing false US$516m bank statement

Photo: Martin Chan

A Malaysian man faced Eastern Court yesterday over an allegedly fake bank document involving US$516 million that was discovered in a probe into the collapse of the Hong Kong Mercantile Exchange (HKMEx).

Ong Shen Kuo, 59, is the seventh person arrested in the case.

11 Jun 2013 - 3:45am

Bid for inquiry into SFC's handling of HKMEx voted down

Bid for inquiry into SFC's handling of HKMEx voted down

The Liberal Party leader saw his bid to launch an inquiry into the Securities and Futures Commission's handling of the Hong Kong Mercantile Exchange's collapse voted down yesterday.

8 Jun 2013 - 4:16am 1 comment

Failure of HKMEx 'just a ripple'

Barry Cheung

The demise of the Hong Kong Mercantile Exchange (HKMEx) would not affect the city's development of commodities trading, according to the Secretary for Financial Services and the Treasury Chan Ka-keung.

7 Jun 2013 - 3:46am

HKMEx may face searching Legco inquiry

HKMEx may face searching Legco inquiry

The failed Hong Kong Mercantile Exchange (HKMEx) could come under further scrutiny after Liberal Party leader James Tien Pei-chun suggested launching an inquiry into the company under the Legislative Council's power and privileges ordinance.

6 Jun 2013 - 3:47am

Lawmaker says watchdog too kind on HKMEx

Three people have been charged after the collapse of the HKMEx.

Lawmakers accused officials at the Securities and Futures Commission yesterday of adopting a too lenient approach to the ill-fated Hong Kong Mercantile Exchange (HKMEx), which they alleged was given privileged treatment because of the strong relationship between its founder and the government.

4 Jun 2013 - 3:57am

Conspiracy theories abound, but they don't provide answers

Barry Cheung and C. Y. Leung celebrate Leung's election win.

In politics, conspiracy theories are rife. They have sprung powerfully into life since Barry Cheung Chun-yuen, an Executive Council member and top aide to Chief Executive Leung Chun-ying, was forced to quit all his public positions during the inquiry into the collapse of the Hong Kong Mercantile Exchange, which he founded.

3 Jun 2013 - 7:14am 1 comment

Now, ICAC is asked to investigate Barry Cheung

Barry Cheung Chun-yuen. Photo: Edward Wong

The anti-corruption chief has been asked to investigate allegations that former executive councillor Barry Cheung Chun-yuen borrowed HK$70 million from a developer while chairman of the Urban Renewal Authority.

1 Jun 2013 - 3:38am 2 comments

Police arrest sixth suspect in HKMEx probe

Hong Kong Mercantile Exchange's headquarters in Cyberport. Photo: May Tse

Police arrested a sixth mainlander yesterday during their probe into the collapse of former executive councillor Barry Cheung Chun-yuen's Hong Kong Mercantile Exchange (HKMEx).

31 May 2013 - 3:26pm

Cheung denies seeking cash aid

Barry Cheung Chun-yuen. Photo: Edward Wong

The chairman of the failed Hong Kong Mercantile Exchange Barry Cheung Chun-yuen denied yesterday that he had sought help from a triad-linked businessman and a developer to resolve his company's financial crisis.

30 May 2013 - 4:15am

Investigators in turf war over HKMEx investigation

Barry Cheung

Police probing the collapse of the Hong Kong Mercantile Exchange (HKMEx) are concerned that their criminal investigation could be hampered by the Securities and Futures Commission's (SFC) own inquiry into the failed trading platform.

29 May 2013 - 5:37am 1 comment

Fake bank guarantees in HKMEx case baffle financial analysts

Fake bank guarantees in HKMEx case baffle financial analysts

The alleged discovery of fake bank guarantees during the police investigation into the collapse of the Hong Kong Mercantile Exchange has baffled financial analysts.

28 May 2013 - 3:32am

Pro-CY 'think tank' plan in limbo

Barry Cheung leaves his Repulse Bay home. Photo: Edward Wong

A pro-government organisation's plan to unveil itself as a think tank is believed to have been derailed after one of its founding members, Barry Cheung Chun-yuen, came under police investigation over his failed Hong Kong Mercantile Exchange.

28 May 2013 - 3:20am 3 comments

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