StanChart to Increase Commodity Presence in China

David Nealis at the China Futures Exchange

StanChart to increase commodity presence in China

According to a report from Reuters; Standard Chartered Plc (StanChart) is preparing to launch a China commodity trading Unit., they will be among a few of Western companies resolute to over come the capital controls and complex red tape to be able deal in the China market. The setting up of a WFOE will allow the London-based bank to import metals such as copper, offer more hedging products for domestic customers and trade futures contracts through local brokerages on the Shanghai Futures Exchange. I wish them the best of luck; this is a very exciting move. 

China continues to be an ideal place for firms looking for growth, what is your firm’s China Market Strategy?

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