MARKETS & INVESTING | Staff Reporter, Hong Kong

HKEX to take on mainland's home-grown exchanges

It is set to launch a mainland commodity trading platform.

According to Reuters, exchange operator Hong Kong Exchanges and Clearing is set to unveil its Qianhai commodity trading platform this week.

As the metals industry meets for LMEWeek Asia in the Chinese territory, the focus will be on the Hong Kong bourse's latest attempt to take on China's home-grown exchanges in Shanghai, Dalian and Shenzhen.

For years the Hong Kong bourse has tried to build up a mainland business, banking on its location as the perfect meeting point for China's mainland and global commodities traders, a strategy it bankrolled with a $2.2 billion buyout of the London bourse back in 2012.

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