SPOTLIGHT: Rush spells rapid change in metal futures

May 30, 2012 | 06:04 AM |

Will trading metal futures markets be transformed by the liberalisation of financial markets in China more rapidly than anybody expected? The answer could be “yes” if the recent rush of announcements from the Shanghai Futures Exchange and Hong Kong Exchanges & Clearing is anything to go by. The outline has been clear to those watching carefully since Guo Shuqing took over as chairman of the China Securities Regulatory Commission in October 2011, with the intention of developing China’s financial markets, and reforming their relationships....

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