Tag: metal

Falling trading volumes on the LME and poor take-up of London mini futures contracts suggest HKEx’s proposed metals exchange link between London and Hong Kong will not deliver what participants really want: access to China

Regulatory roundup: China proposes cap on online payments; Taiwan banks allowed to issue foreign currency negotiable CDs; HKMA fines State Bank of India

Citi failed to force Mercuria Energy to stump up $270 million, but the crucial UK High Court ruling over metals financing will provide comfort for trade finance banks in China and users of repo agreements alike.

The ruling on a critical dispute between metals trading firm Mercuria and Citi has been posted on the UK High Court's commercial list. The long-awaited decision will be publicly available today at 2:00pm BST.

The Hong Kong Monetary Authority has set final leverage ratio standards for financial institutions; The Monetary Authority of Singapore revised anti-money laundering rules; and China eliminates export tariffs on metal

The Qingdao Port investigation will drag into mid-way next year, according to a China trade services expert, treasurers can expect pre-shipment finance to be “virtually impossible”.