Hong Kong planning local oil exchange
20 Jun 2008
by Laurence Davison, Paul Francis-Grey
Hong Kong’s financial secretary, John Tsang Chun-wah, has given the strongest indication yet that the province will introduce an oil futures exchange, publishing an article backing such a venture as a means of assisting hedging for oil importers’ across Asia.
Though details are sketchy, FO Week understands that an official announcement will be made before the end of the month saying that it will focus on unrefined oil and will later look to...