ASIAN FUTURES: Deregulation in China will spur growth for metal brokers, Newedge says

Apr 27, 2012 | 05:21 AM |

Growing deregulation will lead to an explosion of interest in global commodity markets from small and medium-sized companies in China and will facilitate western companies’ access to liquidity from the country that is the world's largest consumer of metals. That is the view of John Browning and Tiger Shi, the two senior metal brokers in Newedge Hong Kong. Shi formerly worked for the State Reserve Bureau of the National Development & Reform Commission, then Sempra, before founding the Citic Newedge joint venture in China. “We expect the China market to grow at an even faster pace in the near future. As regulation is removed we will see more companies emerging from China requiring access to international markets,” he said. China's liberalisation Liberalisation should be particularly encouraged by the lighter regulatory touch likely to result from the current changes in leadership at the China Securities Regulatory Commission and at central government level later this year, Shi said. “Clients of Newedge will eventually be able to access the China markets directly without having....