HKEx/LME

HKEx's LME bid raises hackles in London

At its heart, HKEx’s successful bid for the London Metal Exchange (LME) demonstrates Asia’s ability to take long-term strategic positions, while the West scrabbles around for short-term infusions of cash.

<div style="text-align: left;"> HKEx: Speculating on the future of the renminbi </div>

Nick Lord

June 18, 2012

The £1.4 billion bid by Hong Kong Exchanges & Clearing (HKEx) for the London Metal Exchange (LME) is raising hackles in the UK, where some people see it as yet more hollowing out of the British economy by cash-rich plunderers from overseas.

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